The delinquency rate for mortgage loans on one-to-four-unit residential properties fell to a seasonally adjusted rate of 9.47 percent of all loans outstanding as of the end of the fourth quarter of 2009, down 17 basis points from the third quarter of 2009, and up 159 basis points from one year ago, according to the Mortgage Bankers Association's (MBA) National Delinquency Survey. The non-seasonally adjusted delinquency rate increased 50 basis points from 9.94 percent in the third quarter of 2009 to 10.44 percent this quarter.Read more

The Mortgage Bankers Association (MBA) has conducted its annual State of the Real Estate Finance Industry Media Conference Call. The call featured MBA representatives discussing efforts to help delinquent borrowers, MBA's new three-year macro-economic and mortgage finance/housing forecasts, a review of legislative and regulatory accomplishments in 2009, and the legislative and regulatory agenda for 2010 including GSE/secondary market reform and FHA reform.Read more

The delinquency rate for mortgage loans on one- to four-unit residential properties rose to a seasonally adjusted rate of 9.64 percent of all loans outstanding as of the end of the third quarter of 2009, up 40 basis points from the second quarter of 2009, and up 265 basis points from one year ago, according to the Mortgage Bankers Association's (MBA) National Delinquency Survey. The non-seasonally adjusted delinquency rate increased 108 basis points from 8.86 percent in the second quarter of 2009 to 9.94 percent this quarter. The delinquency rate breaks the record set last quarter.Read more

Jay Brinkmann, chief economist and senior vice president of research and economics for the Mortgage Bankers Association (MBA), testified today before the Senate Committee on Banking, Housing and Urban Affairs at a hearing titled, "The State of the Nation's Housing Market." Below is Mr. Brinkmann's oral statement to the committee, as prepared for delivery. "Good morning. I am Emile J. Brinkmann, chief economist of the Mortgage Bankers Association.Read more

The Mortgage Bankers Association (MBA) expects economic growth to continue through the rest of 2009 before slowing in the first half of 2010. Unemployment is expected to climb to 10.2 percent by the middle of 2010 before beginning to moderate as economic growth resumes sustained growth in the second half of the year. Mortgage originations should reach $1.5 trillion in 2010. Modest increases in home sales should drive purchase originations, but refinance originations are expected to decline as mortgage rates rise.Read more