Homeowners in the 50 largest U.S. metros now spend an average of 7% of their monthly housing costs insuring their homes, according to the latest ValuePenguin by LendingTree study.
Category: News and Trends
ICE: Homebuying Affordability Sees Best Conditions in 2.5 Years
ICE Mortgage Technology, Atlanta, released its October Mortgage Monitor report, highlighting that conditions have pushed home affordability for buyers into its best spot in 2.5 years.
MBA’s Bob Broeksmit Provides Updates on GSE Reform, Bevy of Regulatory Issues
WASHINGTON–Perhaps the biggest issue on the horizon for the U.S. mortgage market is the future of the GSEs, said Mortgage Bankers Association President and CEO Bob Broeksmit, CMB, at the MBA Compliance and Risk Management Conference Sept. 29.
Servicing Quote of the Week
“We need two–or at least two–GSEs. Competition is a basic feature of our highly successful housing finance system.”
–MBA President and CEO Bob Broeksmit, CMB, speaking at MBA’s Compliance and Risk Management Conference
MBA Honors Constanza Krause of Space Coast Credit Union with 2025 Ken Markison Legacy Achievement Award
WASHINGTON–The Mortgage Bankers Association presented its annual Ken Markison Legacy Achievement Award to Constanza (Cony) Krause, CMB, CMCP, CRU, Manager, Learning & Development at Space Coast Credit Union.
Mortgage Application Payments Decrease in August
Homebuyer affordability improved in August, with the national median payment applied for by purchase applicants decreasing to $2,100 from $2,127 in August, according to the Mortgage Bankers Association’s Purchase Applications Payment Index.
Realtor.com: Buyers Show Increased Interest in Fixer-Uppers
Realtor.com, Santa Clara, Calif., found that properties marketed as fixer-uppers are garnering more interest from prospective buyers.
ICE First Look: Delinquencies Up; Foreclosure Activity Slowly Trending Higher
The national mortgage delinquency rate rose in August–largely driven by a calendar anomaly–while foreclosure activity continued its slow upward trend, ICE Mortgage Technology reported.
ATTOM: Homes Grow Less Affordable
The median home price reached a new high of $375,000 in the third quarter, according to ATTOM, Irvine, Calif.
Argyle’s John Hardesty: Why Intelligent Integration Is the Mortgage Industry’s Next Competitive Edge
The next phase of digital transformation is intelligent integration: the purposeful connection of systems so data can move freely, workflows become less manual and every tool adds measurable value rather than complexity.