“Net production losses resumed in the fourth quarter of 2024 after two consecutive quarters of modest gains.”
–Marina Walsh, CMB, MBA’s Vice President of Industry Analysis
Category: News and Trends
Typical Homeowner Stays in House for 11.8 Years, Redfin Reports
Redfin, Seattle, released a new report finding that the typical U.S. homeowner stays in their home for 11.8 years.
People in the News, March 17, 2025
Industry personnel news from FirstClose, Pennymac, Asurity, Floify, Westcor and AnnieMac.
ATTOM: Foreclosure Activity Rises in February From January
ATTOM, Irvine, Calif., released its February 2025 U.S. Foreclosure Market Report, showing there were a total of 32,383 U.S. properties with foreclosure filings. That’s up 5% from January but down 1.7% year-over-year.
Michael Berman: How to Identify and Address Fair Lending Red Flags
Regardless of the administration or regulatory environment, all lenders should strive to avoid fair lending risk, says Ncontracts Founder and CEO Michael Berman.
Quote of the Day
“MBA congratulates William Pulte on his confirmation to serve as the next FHFA Director and applauds Senate leadership for its swift action in scheduling his confirmation vote.”
–MBA’s President and CEO Bob Broeksmit, CMB, discussing William Pulte’s confirmation to serve as Director of FHFA
LightBox Says CRE Activity Surged in February Despite Federal Policy Shifts
LightBox, Irvine, Calif. reported a sharp rise in its February commercial real estate activity Index, which climbed to 96.1, up from 80.7 in January and 75.8 a year ago.
MBA Statement on the Confirmation of William Pulte as FHFA Director
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on William Pulte’s confirmation by the full Senate to serve as Director of the Federal Housing Finance Agency (FHFA).
Quote of the Day
“New home purchase activity strengthened in February, in line with seasonal patterns, as higher housing inventory and declining rates supported growth.”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist
MBA: February New Home Purchase Mortgage Applications Decreased 6.9%
The Mortgage Bankers Association Builder Application Survey (BAS) data for February 2025 shows mortgage applications for new home purchases decreased 6.9% compared from a year ago.