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Coldwell Banker Names Kamini Lane President
Anywhere Real Estate Inc. has announced Kamini Lane as president and Chief Executive Officer of Coldwell Banker Realty. Lane most recently served as brokerage president for Sotheby’s International Realty.
Lane previously served as the President of the West for Compass, where she oversaw the staff, independent contractors, and all agent-facing operations throughout the region.
“It’s an honor to serve the great agents, leaders, and staff who have established Coldwell Banker Realty as one of the preeminent real estate brokerages in the country,” said Lane. “I have a deep respect for the company’s culture, history, and brand identity, and I’m looking forward to building on this strong foundation to expand our ability to help more people pursue the homeownership dream.”
Additionally, Anywhere announced that Liz Gehringer, president of Coldwell Banker Affiliates—the company’s global Coldwell Banker franchise business.
Coldwell’s previous CEO, Ryan Gorman, left the role at the end of last year after three years in the leadership position.
Share of Mortgage Loans in Forbearance Decreased in February
The Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 4 basis points to 0.60 percent of servicers’ portfolio volume as of February 28, 2023. According to MBA’s estimate, 300,000 homeowners are in forbearance plans.
“The forbearance rate decreased for both independent mortgage bank and depository servicers across all investor types in February,” said Marina Walsh, CMB, MBA’s Vice President of Industry Analysis. “Even with the fewer days in the month—which often causes a drop in timely monthly payments—overall servicing portfolio performance declined only slightly to 95.8 percent, while performance of post-forbearance workouts stayed essentially flat at 76 percent.”
The share of Fannie Mae and Freddie Mac loans in forbearance decreased 2 basis points to 0.28 percent. Ginnie Mae loans in forbearance decreased 9 basis points to 1.28 percent, and the forbearance share for portfolio loans and private-label securities (PLS) decreased 5 basis points to 0.78 percent.
By stage, 34.9 percent of total loans in forbearance are in the initial forbearance plan stage, while 51.8 percent are in a forbearance extension. The remaining 13.3 percent are forbearance re-entries, including re-entries with extensions.