55Places, Chicago, ranked the 13 toughest real estate markets for 55-plus buyers right now, based on areas with less than three months of inventory. With just 1.6 months of inventory, Chicago tops the list.
Category: News and Trends
Industry Briefs, April 23
Industry news from Fairway, Rocktop Technologies, Halcyon, MCT, Calyx, Xactus, Equifax and Friday Harbor.
FundingShield: Nearly Half of Transactions at Risk in First Quarter
Nearly 47% of transactions on an $80 billion portfolio of loans had issues leading to a risk of wire and title fraud during the first quarter, according to FundingShield, Newport Beach, Calif.
Upcoming MBA Education School of Mortgage Banking Courses
MBA Education’s signature School of Mortgage Banking (SOMB) series is the real estate finance industry’s standard in comprehensive residential mortgage training.
MBA: Share of Mortgage Loans in Forbearance Decreases Slightly to 0.36% in March
The Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 2 basis points from 0.38% of servicers’ portfolio volume in the prior month to 0.36% as of March 31, 2025.
Quote of the Day
“Overall mortgage performance improved in March, with more borrowers making their mortgage payments and fewer borrowers in forbearance and loan workouts compared to the prior month.”
–MBA’s Marina Walsh, CMB
ATTOM: Average Property Taxes on Single-Family Homes Up 2.7% in 2024
ATTOM, Irvine, Calif., released its 2024 property tax analysis, finding that the average tax on a single-family home last year was $4,172 in 2024, a 2.7% increase from the previous year.
Industry Briefs, April 22, 2025
Industry news from Fairway, Rocktop Technologies, Halcyon, MCT, Calyx, Xactus, Equifax and Friday Harbor.
Independent Mortgage Bankers Post Net Production Profits in 2024
Independent mortgage banks and mortgage subsidiaries of chartered banks reported an average profit of $443 on each loan they originated in 2024, up from an average loss of $1,056 per loan in 2023.
MBA Associate Advisory Council
MBA’s Associate Advisory Council (MAAC) represents a group of Associate Members with participation from all Associate tier membership groups, giving a voice to their ideas and interests to better the industry as a whole.