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.
Category: News and Trends
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
Mixed Conditions for Single-Family Construction, Apartment Boost in Smaller Metros
Single-family construction registered modest gains in small metros and declines in large metros while apartment growth is shifting to counties with lower population densities, the National Association of Home Builders’ Home Building Geography Index reported.
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Advocacy Victory: Maryland OFR Rescinds Mortgage Trust Licensing Policies Following Enactment of MBA-Supported Legislation
The Maryland Office of Financial Regulation rescinded its previous guidance that required the licensing of passive mortgage trusts following advocacy from MBA and the Maryland Mortgage Bankers and Brokers Association.
Quote of the Day
“Most mortgage rates moved lower last week, with the 30-year fixed rate declining to 6.92% and staying in the 6.8 to 7% range since April.”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 3.9% from one week earlier, according to MBA’s Weekly Mortgage Applications Survey for the week ending May 30, 2025.
ATTOM: U.S. Home Vacancy Rate Holds Steady
ATTOM, Irvine, Calif., released its Vacant Property and Zombie Foreclosure Report for Q2, showing that 1.4 million residential properties are vacant.
RentCafe: Millionaires Increasingly Likely to Rent
RentCafe, Santa Barbara, Calif., found that the number of millionaire renters has tripled since 2019.