CoreLogic, Irvine, Calif., found that U.S. homeowners with mortgages saw equity increase by $425 billion since Q3 2023—a gain of 2.5% year-over-year.
Category: News and Trends
MISMO Summit Highlight: How eClose Technology Impacts Customer Experience (Jan. 13)
As adoption of eClose is growing throughout the industry, the technology is often cited as an essential part of providing borrowers with convenience and lower costs.
Housing Market Unlikely to Thaw Soon: Fannie Mae
Affordability and the so-called “lock-in effect” will likely keep housing activity subdued in 2025, according to the Fannie Mae Economic and Strategic Research Group.
2024 Competitive for Renters; Miami Hottest Market, RentCafe Finds
RentCafe, Santa Barbara, Calif., released a report on 2024 year-end trends, finding a competitive rental market nationwide and top spots of interest in Miami and Chicagoland.
Quote of the Day
“Applications to purchase newly built homes have seen annual increases since February 2023, as prospective homebuyers continue to favor new homes, given affordability challenges and constrained existing inventory.”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist
Call for Speakers – MBA Secondary & Capital Markets Conference 2025
Speaking opportunities for breakout sessions are now being accepted for MBA’s Secondary & Capital Markets Conference 2025, taking place May 18–21 at the Marriott Marquis in New York City.
Growing Lender Profits Through Diversification into Title Insurance–Joseph D’Urso of TitleEase
As someone who’s been in the financial trenches from Wall Street to the mortgage industry, I’ve learned one fundamental truth: tough markets create incredible opportunities for those willing to think differently.
Dealmaker: Northmarq Completes $54M Sale in Maryland
Northmarq, Bloomington, Minn., completed the $54 million sale of a build-to-rent community in Laurel, Md., about 20 miles from Baltimore.
Today: Ten Things Your Company Must Do in 2025
Most of us didn’t expect 2024 to be worse than 2023, but the second half of 2024 may be the worst period for the industry — ever.
Chart of the Week: Unemployment by Duration
Fed officials have pointed to their “data dependence” regarding decisions about future rate cuts. These November employment data support a cut at the December meeting and MBA forecasts that the Fed will continue to reduce short-term rates in 2025, although they are likely to slow the pace of cuts.