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.
Category: News and Trends
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.
MBA: March New Home Purchase Mortgage Applications Increased 5.5%
The MBA Builder Application Survey data for March shows mortgage applications for new home purchases increased 5.5% compared from a year ago. Compared to February 2025, applications increased by 14%.
March Housing Starts Fall From February
Privately-owned housing starts for March were at a seasonally adjusted annual rate of 1,324,000, the Census Bureau reported. That’s 11.4% below February’s revised estimate of 1,494,000.
MAA Webinar May 1: Beyond the First 100 Days
Join MBA’s legislative and political affairs team on May 1 as they discuss the latest changes from Capitol Hill and their potential impact on our industry.
Your Competition is Not Human Anymore
AI promises instant decisions, predictive perfection, and the end of inefficiencies, but in reality? Your data is a hot mess, writes Mark Dangelo.