The Mortgage Bankers Association’s (MBA) new monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 26 basis points from 1.67% of servicers’ portfolio volume in the prior month to 1.41% as of Dec. 31, 2021.
According to MBA’s estimate, 705,000 homeowners are in forbearance plans.
The share of Fannie Mae and Freddie Mac loans in forbearance decreased 8 basis points to 0.68%. Ginnie Mae loans in forbearance decreased 47 basis points to 1.63%, and the forbearance share for portfo...
The underlying collateral, comprising 817 residential mortgages, is characterized by a notable concentration of alternative income documentation; 64.2 % of the loans were categorized as non-QM.
KBRA has assigned preliminary ratings to six classes of mortgage-backed notes from Ellington Financial Mortgage Trust 2022-1 (EFMT 2022-1), a $417.2 million non-prime RMBS transaction.
The underlying collateral, comprising 817 residential mortgages, is characterized by a no...
