Mortgage Bankers Association (MBA)

New loss mitigation option allows struggling borrowers to bring mortgages current without increasing monthly payments

Higher loan amounts and modest rate increases continued squeezing borrower qualification margins, particularly for FHA and payment-sensitive buyers

MBA’s standards organization says inconsistent fee naming still drives costly redisclosures and rework, with fee-related cures affecting more than 30% of mortgage loans

The House version softens a controversial provision aimed at large institutional investors

MBA says economic uncertainty and higher mortgage rates slowed new-home demand, while government-backed loans accounted for more than half of applications

Higher per-loan expenses offset revenue gains while servicing income strengthens overall profitability