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MortgagePoint » Your Trusted Source for Mortgage Banking and Servicing News 48 February 2025 J O U R N A L "The overall mortgage forbearance rate increased three basis points in November and has now risen for six con- secutive months," said Marina Walsh, CMB, MBA's VP of Industry Analysis. "By investor type, Ginnie Mae loans are showing the greatest variance, with an increase of 72 basis points over the six-month period. That is compared to 11 basis points for Fannie Mae and Freddie Mac Loans, and portfolio and PLS loans, respectively." Key Findings of MBA's Loan Moni- toring Survey • By reason, 51.3% of borrowers are in forbearance for reasons such as a temporary hardship caused by job loss, death, divorce, or disability. Another 46% are in forbearance because of a natural disaster. Less than 2.8% of borrowers are still in forbearance because of COVID-19. • By stage, 71.4% of total loans in forbearance are in the initial forbearance plan stage, while 16.5% are in forbearance extension. The remaining 12.1% are forbearance reentries, including reentries with extensions. • Total loans serviced that were current (not delinquent or in foreclosure) as a percent of servicing portfolio volume (#) was 95.22% in November 2024, down 22 basis points from 95.44% the prior month (on a nonseasonally adjusted basis), and down 49 basis points from one year ago. • The five states with the highest share of loans were current as a percent of the servicing portfolio: Washington, Idaho, Alaska, Ore- gon, and Colorado. • The five states with the lowest share of loans that were current as a percent of servicing portfolio are: Louisiana, Mississippi, Indiana, West Virginia, and Alabama. • Total completed loan workouts from 2020 and onward (repayment plans, loan deferrals/partial claims, loan modifications) that were current as a percent of total completed workouts decreased to 66.47% in November 2024, down 200 basis points from 68.47% the prior month and down 501 basis points from one year ago. "There is some weakening in perfor- mance of servicing portfolios and loan workouts compared to one year ago," Walsh added. "In the wake of natural disasters and slowing in the labor market, borrowers with government loans tend to be impacted more than conventional borrowers." MBA's monthly Loan Monitoring Survey covers the period from Novem- ber 1 through November 30, 2024, and represents 62% of the first-mortgage servicing market (30.9 million loans). FINDING A POSITIVE PATH FORWARD MORTGAGE LENDERS: THREE WAYS TO BREAK THE HIRING-LAYOFFS CYCLE Tactfully navigating changes in the mortgage marketplace can make or break a company, and Tim Von Kaenel of CI&T provides three keys to better position yourself when the market pivots. IN A CHALLENGING MARKET, HOME EQUITY INVESTMENTS OWN THE SPOTLIGHT In order for HEIs to realize their full potential, it will take the expertise and resources of multiple industry stakeholders. BUILDING REFERRAL RELATIONSHIPS FOR MORE CONSISTENT BUSINESS Veteran mortgage sales trainer and coach Ron Vaimberg shares with MortgagePoint the coaching tips and strategies necessary to establish and foster enduring relationships in the mortgage marketplace. HOW INVESTORS CAN THRIVE IN CRE AMID CHALLENGING MARKET CONDITIONS Derrick Barker of Nectar discusses the state of the commercial real estate sector, and steps that investors can take in order to weather market volatility. IN THIS ISSUE Amid political controversy and budgetary cutbacks, experts discuss diversity, equity, and inclusion strategies' role in today's marketplace as both the American homeownership landscape and workforce continue to diversify and undergo significant demographic shifts. Brought to you by & YOUR TRUSTED SOURCE FOR MORTGAGE BANK ING AND SERVICING NEWS MAY 2024 Magazine Brought to you by & YOUR TRUSTED SOURCE FOR MORTGAGE BANK ING AND SERVICING NEWS JULY 2024 Magazine White House Main Street America TO FROM THE As the November elections near, what ripple effects will the next Administration have on the housing industry? MortgagePoint gathered a panel of experts to dig deeper into the impact of the Presidential Elections and potential changes in the White House. FEATURE STORY THE BEST SOLUTION IS NOT ALWAYS THE SHINY NEW TOY While it can be debated as to how much default and foreclosure activity lies ahead, default servicers must carefully examine their tech systems to keep ahead of the curve. FEATURE STORY DRIVING GROWTH: LEVERAGING HOME EQUITY TO EXPAND LOAN OFFICER OPPORTUNITIES In a tight market, LOs seeking to diversify their product offerings are turning to home equity offerings to expand their role and become a financial guide for life. COUNSEL'S CORNER FACING THE FORECLOSURE AND BANKRUPTCY CHALLENGES OF TODAY Robert S. Kahane, a foreclosure and bankruptcy attorney with more than 30 years under his belt, discusses current compliance issues related to loan servicing process enhancements. EXPERT INSIGHTS TONY JULIANELLE, CEO OF REAL ATLAS ESTATE discusses current market trends and the forces that will shape the landscape in the industry. ALSO IN THIS ISSUE: Brought to you by & YOUR TRUSTED SOURCE FOR MORTGAGE BANK ING AND SERVICING NEWS AUGUST 2024 Magazine The Burden of Proof MortgagePoint profiles Bron, Inc., a company that has carved out a unique niche with a focus crucial but often-overlooked tasks such as managing registrations, utilities, and HOA verifications. TO YOUR TRUSTED SOURCE FOR MORTGAGE BANK ING AND SERVICING NEWS LEAVING ITS MARK ON THE INDUSTRY THE 2024 FIVE STAR CONFERENCE SEPTEMBER 24-26, 2024 DALLAS, TEXAS OCTBER 2024 Magazine EXPERT INSIGHTS DUTCH MENDENHALL Founder of RADD Companies YOUR TRUSTED SOURCE FOR MORTGAGE BANK ING AND SERVICING NEWS NOVEMBER 2024 Magazine Industry Leaders on What's Ahead MortgagePoint speaks with servicing executives about the current state of the industry, the challenges they are currently navigating, and what they expect for the year ahead. PUTTING OUR FOCUS ON THE BORROWER'S EXPERIENCE While technology is upgraded and elevated in the mortgage space, nothing can replace the deep understanding of a borrower's needs that only a lender can have. HOW DIGITAL TECHNOLOGY HELPS KEEP THE AMERICAN DREAM ALIVE FOR MILITARY BORROWERS TAKING THE PULSE OF MORTGAGE SERVICING FINDING A POSITIVE PATH FORWARD MORTGAGE LENDERS: THREE WAYS TO BREAK THE HIRING-LAYOFFS CYCLE Tactfully navigating changes in the mortgage marketplace can make or break a company, and Tim Von Kaenel of CI&T provides three keys to better position yourself when the market pivots. IN A CHALLENGING MARKET, HOME EQUITY INVESTMENTS OWN THE SPOTLIGHT In order for HEIs to realize their full potential, it will take the expertise and resources of multiple industry stakeholders. BUILDING REFERRAL RELATIONSHIPS FOR MORE CONSISTENT BUSINESS Veteran mortgage sales trainer and coach Ron Vaimberg shares with MortgagePoint the coaching tips and strategies necessary to establish and foster enduring relationships in the mortgage marketplace. HOW INVESTORS CAN THRIVE IN CRE AMID CHALLENGING MARKET CONDITIONS Derrick Barker of Nectar discusses the state of the commercial real estate sector, and steps that investors can take in order to weather market volatility. IN THIS ISSUE Amid political controversy and budgetary cutbacks, experts discuss diversity, equity, and inclusion strategies' role in today's marketplace as both the American homeownership landscape and workforce continue to diversify and undergo significant demographic shifts. Brought to you by & YOUR TRUSTED SOURCE FOR MORTGAGE BANK ING AND SERVICING NEWS MAY 2024 Magazine Brought to you by & YOUR TRUSTED SOURCE FOR MORTGAGE BANK ING AND SERVICING NEWS JULY 2024 Magazine White House Main Street America TO FROM THE As the November elections near, what ripple effects will the next Administration have on the housing industry? MortgagePoint gathered a panel of experts to dig deeper into the impact of the Presidential Elections and potential changes in the White House. FEATURE STORY THE BEST SOLUTION IS NOT ALWAYS THE SHINY NEW TOY While it can be debated as to how much default and foreclosure activity lies ahead, default servicers must carefully examine their tech systems to keep ahead of the curve. FEATURE STORY DRIVING GROWTH: LEVERAGING HOME EQUITY TO EXPAND LOAN OFFICER OPPORTUNITIES In a tight market, LOs seeking to diversify their product offerings are turning to home equity offerings to expand their role and become a financial guide for life. COUNSEL'S CORNER FACING THE FORECLOSURE AND BANKRUPTCY CHALLENGES OF TODAY Robert S. Kahane, a foreclosure and bankruptcy attorney with more than 30 years under his belt, discusses current compliance issues related to loan servicing process enhancements. EXPERT INSIGHTS TONY JULIANELLE, CEO OF REAL ATLAS ESTATE discusses current market trends and the forces that will shape the landscape in the industry. ALSO IN THIS ISSUE: Brought to you by & YOUR TRUSTED SOURCE FOR MORTGAGE BANK ING AND SERVICING NEWS AUGUST 2024 Magazine The Burden of Proof MortgagePoint profiles Bron, Inc., a company that has carved out a unique niche with a focus crucial but often-overlooked tasks such as managing registrations, utilities, and HOA verifications. TO YOUR TRUSTED SOURCE FOR MORTGAGE BANK ING AND SERVICING NEWS LEAVING ITS MARK ON THE INDUSTRY THE 2024 FIVE STAR CONFERENCE SEPTEMBER 24-26, 2024 DALLAS, TEXAS OCTBER 2024 Magazine EXPERT INSIGHTS DUTCH MENDENHALL Founder of RADD Companies YOUR TRUSTED SOURCE FOR MORTGAGE BANK ING AND SERVICING NEWS NOVEMBER 2024 Magazine Industry Leaders on What's Ahead MortgagePoint speaks with servicing executives about the current state of the industry, the challenges they are currently navigating, and what they expect for the year ahead. PUTTING OUR FOCUS ON THE BORROWER'S EXPERIENCE While technology is upgraded and elevated in the mortgage space, nothing can replace the deep understanding of a borrower's needs that only a lender can have. HOW DIGITAL TECHNOLOGY HELPS KEEP THE AMERICAN DREAM ALIVE FOR MILITARY BORROWERS TAKING THE PULSE OF MORTGAGE SERVICING Subscribe to MortgagePoint and MortgagePoint Digital now! Experts you trust. People you know. News you want. MortgagePoint is putting essential mortgage market news at your fingertips with our new digital edition, now available online via your smartphone, tablet, or computer. Enjoy the magazine at your desk, and tap into MortgagePoint Digital's easily accessible platform anywhere, anytime. Committed to giving originators, servicers, and all lending professionals access to smarter perspectives, MortgagePoint believes it's time to think differently about the mortgage industry. Because the American Dream is evolving . . . are you? Magazine