Industry news from STRATMOR Group, Teraverde, Gridbase, Westcor, USFN, LoanLogics, Snapdocs, SitusAMC, ICE and Down Payment Resource.
Tag: ICE
ICE Mortgage Monitor for April: Influence of the ‘Locked-In’ Effect Apparent
Intercontinental Exchange Inc., Atlanta, released its Mortgage Monitor Report for April, and the “locked-in effect” was front and center. The report highlighted how for many homeowners, giving up their current rate to purchase an equivalently priced home would result in a 40% increase in principal and interest.
Industry Briefs April 1, 2024
Industry news from FHFA, ICE, Truv and Kriss Law/Atlantic Closing & Escrow.
Industry Briefs, March 27, 2024
Industry News from Planet Home, Embrace Home Loans, BlackFin, Argyle, Ladera, Insellerate, Xactus and ICE.
ICE First Look: Delinquencies Improve in February
Intercontinental Exchange Inc., Atlanta, released its first look at February mortgage performance, noting that the national delinquency rate was at 3.34%, down 4 basis points from the month before and 11 basis points lower than February 2023.
ICE Finds Positive Signs in Housing, Mortgage Markets Ahead of Spring Homebuying Season
Housing affordability has improved in recent months, with the share of income required to purchase the median home falling nearly 5 percentage points from October, and the inventory deficit continues to improve. This indicates a better housing market environment in coming months, according to Intercontinental Exchange.
ICE ‘First Look’ for December: Foreclosure Starts at 18-Month Low
Intercontinental Exchange Inc., Atlanta, released its “first look” at mortgage performance data for December, noting that at 24,000, foreclosure starts marked an 18-month low in new activity. Total active foreclosures are the lowest since March 2022, and 25% below pre-pandemic levels.
ICE First Look for November: Delinquencies Up, but Still Historically Low
Intercontinental Exchange Inc., Atlanta, released its “first look” at November mortgage performance, finding the national delinquency rate crept up to 3.39%.
ICE First Look for October: Serious Delinquencies Hit Lowest Levels Since 2006
Intercontinental Exchange Inc., Atlanta, released its “first look” at October 2023 month-end mortgage performance statistics, noting that serious delinquencies have fallen to their lowest level in 17 years.
ICE Mortgage Monitor: Affordability Continues to Weigh on Market
Intercontinental Exchange, Atlanta, released the November 2023 Mortgage Monitor Report, highlighting that high interest rates continue to drag down affordability and dampen demand.