“With close to $35 trillion of homeowner equity in residential real estate and many homeowners locked into low-rate first mortgages, HELOCs and home equity loans have become the product of choice for many homeowners.”
–Marina Walsh, CMB, MBA’s Vice President of Industry Analysis
STRATMOR Group Senior Partner Michael Grad says too many still treat mortgage servicing like a side business rather than a strategic asset. “That needs to change.”
Redfin, Seattle, reported that $51.7 billion in homes in Los Angeles–amounting to about 11,000 residential properties–were impacted by January’s Palisades fire.
FundingShield, Newport Beach, Calif., released its Q2 2025 Wire Fraud Analytics and Risk Report, finding 46.63% of transactions were flagged for issues that posed a significant risk of wire and title fraud.
Auction.com, Irvine, Calif., released its Q2 2025 Auction Market Dispatch, finding that the supply of distressed properties available at auction continued to climb.
ICE Mortgage Technology, Atlanta, released its June 2025 ICE First Look, finding that delinquencies rose on a monthly basis and foreclosures were up year-over-year, despite overall mortgage payment performance remaining strong.
Mortgage servicers lag far behind originators on customer engagement, a new report from J.D. Power found.
Based on results from MBA’s latest Servicing Operations Study and Forum (SOSF), fully-loaded mortgage servicing costs of performing loans averaged $176 per loan in 2024, while the costs of non-performing loans averaged $1,573 per loan.
Total originations of open-ended Home Equity Lines of Credit (HELOCs) and closed-end home equity loans increased in 2024 by 7.2% from the previous year when comparing originators that reported in both years.
“Since the VA’s previous partial claim authority was sunset without a replacement nearly two years ago, MBA has worked closely with the VA, lawmakers, and our members to advocate for a permanent partial claim option that mirrors the successful programs offered by other federal housing agencies.”
–MBA’s President and CEO Bob Broeksmit, CMB
