VantageScore, San Francisco, released its CreditGauge for March, finding that the average VantageScore 4.0 credit score returned to 702 after dipping slightly in February.
Category: News and Trends
Recruiting Underway: President of MISMO, the Mortgage Industry’s Standards Development Organization
Are you a visionary leader passionate about driving transformative change? Do you thrive on shaping industries through innovation and collaboration?
U.S. Adds 177,000 Jobs in April; Industry Economists Weigh In
The U.S. Bureau of Labor Statistics reported that 177,000 jobs were added to total nonfarm payroll employment last month, with the unemployment rate flat at 4.2%.
Servicing Quote of the Week
“While rising home values can influence property taxes, they don’t automatically lead to higher bills for homeowners. In many areas, we’ve seen taxes increase not just due to property appreciation, but also because of growing costs to operate local governments and schools or shifts in how tax burdens are distributed.”
–Rob Barber, CEO at ATTOM
Milliman: Fourth-Quarter Mortgage Default Risk Decreases
Milliman, Seattle, found a slight decrease in the lifetime serious delinquency rate (for homes 180 days or more delinquent) for U.S.-backed mortgages.
RCN Capital: Real Estate Investor Sentiment Falls
RCN Capital, South Windsor, Conn., released the spring 2025 RCN Capital/CJ Patrick Co. Investor Sentiment Index, finding that the quarterly score fell to 88.
MBA Premier Member Editorial: Is the Rocket-Mr. Cooper Deal A Catalyst for Change in Mortgage Servicing?
The recent announcement of Rocket’s acquisition of Mr. Cooper has sent ripples across the mortgage industry, creating what many industry leaders are calling a watershed moment for mortgage technology. This consolidation represents more than just another M&A deal–it marks the beginning of a fundamental shift in how the market’s largest players view servicing portfolios and technology infrastructure.
ICE First Look: Delinquencies Edge Up in March Year-Over-Year
Intercontinental Exchange Inc., Atlanta, released its March 2025 First Look, showing the delinquency rate was up slightly year-over-year, to 3.21%.
FundingShield: Nearly Half of Transactions at Risk in First Quarter
Nearly 47% of transactions on an $80 billion portfolio of residential, commercial and business purpose loans had issues leading to a risk of wire and title fraud during the first quarter, according to FundingShield, Newport Beach, Calif.
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.