“Not only are there more homes for sale than there have been in five years, but the value of those homes is higher than it has ever been.”
–Redfin Head of Economics Research Chen Zhao
Category: News and Trends
Redfin: Value of Homes on the Market Hits Record
Redfin, Seattle, released a new report finding that there are $698 billion in homes currently on the market–the highest dollar amount ever recorded.
MISMO Creates Standard for Electronic HELOCs
MISMO, the real estate finance industry’s standards organization, announced that it is seeking public comment on the SMART Doc V3 eHELOC Specification.
Industry Briefs, June 6, 2025
Industry news from Fannie Mae, Friday Harbor, Prudent AI, Dark Matter, SESLOC and Dovenmuehle.
MBA Premier Member Spotlight: PMSI
(One in a continuing series of profiles of Premier Members of the Mortgage Bankers Association. Please contact MBA’s Alicia Goncalves, CMB for information about Premier Member Spotlights.)
Why Audit Rights Are Essential to Your TPRM Program
Audit rights are a critical but often overlooked component of a strong third-party risk management program, Ncontracts’ Cheryl Grizzard writes.
ICE Mortgage Monitor: Record Levels of Home Equity, Falling Rates Drive Highest HELOC Withdraws Since 2008
U.S. mortgage holders carried a record $17.6 trillion in home equity entering the second quarter–with $11.5 trillion considered “tappable”–according to ICE Mortgage Technology, Atlanta.
Neptune Flood: Texas at Risk of Flood Insurance Shortfall
Neptune Flood, St. Petersburg, Fla., released an analysis of flood risk for Texas, finding that only 7% of residential properties statewide have flood insurance, despite considerable chance of flooding.
Cotality: Mortgage Delinquencies Steady in March
Cotality, Irvine, Calif., released its Loan Performance Indicators, finding that delinquencies were flat in March on an annual basis.
Quote of the Day
“Equity levels remain historically high, and now we’re seeing the cost of borrowing against that equity drop meaningfully.”
–Andy Walden, head of mortgage and housing market research at ICE