While overall mortgage delinquencies were relatively flat compared to last year, earlier-stage delinquencies declined while serious delinquencies – those loans 90 or more days delinquent or in foreclosure – increased.
Category: News and Trends
Dealmaker: Merchants Capital Secures $61M for Queens, N.Y., Affordable Housing Development
Merchants Capital, Carmel, Ind., announced $60.5 million in total financing for the acquisition and preservation by Tredway of a 602-unit affordable housing community in Queens, N.Y.
Ace: Most Millennial Homeowners Have Unfinished Repair Projects
Ace Hardware Home Services, Oak Brook, Ill., released a new survey finding that 87% of millennial homeowners have at least one pending repair project, but 84% say they’ve delayed fixes.
People in the News, Aug. 18, 2025
Industry news from Covered Insurance, WFG, ServiceLink and Planet Home Lending.
Rethinking Market Outreach
Southern Bancorp President of Mortgage Jeremy Davis says mortgage professionals must stop mistaking marketing for connection.
U.S. Mortgage Insurers: About 800,000 Low Down Payment Buyers Used MI in 2024
U.S. Mortgage Insurers, Washington, D.C., released its yearly report, finding that the private MI industry provided mortgage insurance to more than 800,000 low down payment borrowers last year.
Home Equity Growth Varies Across the U.S., Bankrate Reports
Certain parts of the country have seen higher home equity than others since 2020, according to a new study from Bankrate, New York.
Mortgage Delinquencies Decrease Slightly in the Second Quarter
The delinquency rate for mortgage loans on one-to-four-unit residential properties decreased to a seasonally adjusted rate of 3.93% of all loans outstanding at the end of the second quarter, according to MBA’s National Delinquency Survey.
Redfin: U.S. Apartment Asking Rents See Biggest Increase Since 2023
Redfin, Seattle, found the median asking rent in July rose 1.7% year-over-year. That’s the largest increase since January 2023.
Almost 80% of Gen Z Believe They’re Priced Out of Homeownership, Clever Finds
Clever Real Estate, St. Louis, Mo., released a new study delving into Gen Z’s feelings about homeownership, finding 79% believe they are priced out completely.