MBA Chart of the Week: 2023 HMDA Respondents

A total of 4,874 companies reported lending activity under the Home Mortgage Disclosure Act (HMDA) in 2023, according to MBA’s analyses of the dataset.

MBA Chart of the Week: Early-Stage vs. Seriously Delinquent Mortgage Rates

According to the latest results from MBA’s National Delinquency Survey (NDS) released last week, the overall delinquency rate for mortgage loans on one‐to‐four‐unit residential properties increased to a seasonally adjusted rate of 3.97% of all loans outstanding at the end of the second quarter of 2024.

MBA Chart of the Week: Taxonomy of Mortgage Default

The Research Institute for Housing America recently released a special report that looked at the lessons learned from the Great Financial Crisis, the COVID-19 pandemic, and other past episodes of default, to understand how to design a more robust mortgage system that proactively supports sustainable homeownership.

MBA Chart of the Week: Monthly Payroll Growth and Unemployment Rate

The job market definitively slowed in July. Nonfarm payroll growth at 114,000 was well below the 12-month average of 215,000, while the unemployment rate moved up to its highest level since October 2021 at 4.3%, as shown in this week’s chart.

MBA Chart of the Week: Purchase Applications Payment Index for Selected States

Following the precipitous rise in interest rates and home prices in 2022 that starkly eroded affordability conditions for home buyers, the monthly cost burden of purchasing a new home continued to increase in 2023 and the first four months of 2024, albeit at a slower pace.