TransUnion, Chicago, released its Q4 2024 Quarterly Credit Industry Insights Report, predicting multiple credit products will see growth this year. For mortgages specifically, the report anticipated a 13.3% year-over-year origination growth.
Category: News and Trends
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Covered Insurance Solutions’ Ross Diedrich: The Evolving Landscape of Homeowners Insurance
In recent years, the homeowners insurance market has presented unprecedented challenges for both borrowers and mortgage servicers. As we navigate 2025, it’s crucial to understand these changes and explore innovative solutions to address the growing complexities in this vital sector.
Advocacy Update: Recap–MAA Town Hall on Trump Administration Updates, MBA Legislative Priorities, and #MBANAC25
This week’s top legislative and policy news from the Mortgage Bankers Association.
Quote of the Day
“The MBA and its staff really understand the importance of building those relationships with key decisionmakers.”
–Nanci Weissgold, Chair of the MBA Political Action Committee and Partner at Alston & Bird, in an mPower Moments video
Redfin: Combined Value of U.S. Homes Climbed to $49.7 Trillion
Redfin, Seattle, reported the combined value of U.S. homes increased $2.5 trillion in 2024 to hit $49.7 trillion.
Existing-Home Sales Retreat
Existing-home sales fell 4.9% in January to a seasonally adjusted annual rate of 4.08 million in January, the National Association of Realtors reported Friday.
ICE: Foreclosure Starts Jump in January
Intercontinental Exchange Inc., released its “first look” at January mortgage performance, finding that foreclosure starts jumped by 30% and foreclosure sales rose by 25%.
Chart of the Week: CRE Loan Maturity Volumes
Twenty percent ($957 billion) of $4.8 trillion of outstanding commercial mortgages held by lenders and investors will mature in 2025, a 3 percent increase from 2024, according to MBA’s 2024 Commercial Real Estate Survey of Loan Maturity Volumes.
Achieve Survey: Americans’ Financial Trends Stable, but Challenges Remain
Achieve, San Mateo, Calif., released its quarterly debt survey, finding that 26% of households report accruing more debt over the past quarter. However, that’s down from the 28% that said the same in Q4 2024.