“Homeowners will be much more amenable to listing their houses this spring,” according to Mike Fratantoni, chief economist at the Mortgage Bankers Association.
The income of mortgage LOs increased to roughly $27,400 per month in the fourth quarter of 2020 from approximately $16,900 in the year-ago period, according to LBA Ware.
Mike Fratantoni, chief economist at the MBA, predicts that with the rollout of vaccines for the coronavirus, the leisure and hospitality business will recover, resulting in forbearance and delinquencies curing.
HUD issued a final rule on the much-debated disparate-impact theory in September. A month later, a federal court ordered a preliminary injunction blocking its implementation.
The coalition includes the American Bankers Association, the Mortgage Bankers Association, the Housing Policy Council, the Independent Community Bankers Association and the Community Home Lenders Association, among others.
A coalition of more than two dozen industry groups sent a letter to the VA urging the government insurer to make changes to its proposed partial claim payment program.