Homeownership affordability improved slightly in July as mortgage interest rates moderated, the Federal Reserve Bank of Atlanta reported Friday.
Category: News and Trends
Chart of the Week: FOMC Summary of Economic Projections for Fed Funds Rate
Each quarter, members of the Federal Open Market Committee (FOMC) submit their projections for various economic measures (i.e., real gross domestic product growth, the unemployment rate, inflation, and the federal funds rate). This month’s projections, shown in the Summary of Economic Projections (SEP), include 2028 for the first time.
MISMO Names Mortgage Industry Leader Brian Vieaux, CMB, as President
MISMO, the real estate finance industry’s standards organization, named mortgage industry veteran, author and thought leader Brian Vieaux, CMB, as its new president, effective Oct. 16, 2025.
Servicing Quote of the Week
“I am confident [Brian Vieaux’s] passion for the industry and fresh ideas will drive innovation, increase stakeholder participation, and continue to advance MISMO industry standards that benefit consumers, lenders, and servicers.”
–MBA President & CEO Bob Broeksmit, CMB
Cotality: Home Equity Picture Mixed in Q2
Cotality, Irvine, Calif., released its Homeowner Equity Report for Q2, reporting that the average U.S. homeowner lost approximately $9,200 in equity over the past year.
Insurify: Hidden Costs Add More Than $21,000 Annually to Homeownership Cost
Non-mortgage expenses such as home and flood insurance, property taxes, utilities and maintenance add more than $21,000 annually to the total cost of homeownership on average, according to a new report from Insurify, Cambridge, Mass.
MBA: Commercial, Multifamily Mortgage Delinquency Rates Increased in Second Quarter
Commercial mortgage delinquencies increased in the second quarter of 2025, according to the Mortgage Bankers Association’s (MBA) latest Commercial Delinquency Report.
Transunion: Total Tappable Home Equity Remains High
Transunion, Chicago, released its Q2 Home Equity Report, finding that total tappable home equity stands at $21.5 trillion, up 5% year-over-year.
To the Point With Bob: Why Preserving Competition Between Fannie Mae and Freddie Mac Matters
The Trump Administration has signaled that it is prepared to take meaningful steps to alter the long-standing conservatorship of Fannie Mae and Freddie Mac, which has now entered its eighteenth year. One idea some have mentioned is the potential merger of the two government-sponsored enterprises (GSEs), or their placement under common holding company ownership, writes MBA President & CEO Bob Broeksmit, CMB.
Servicing Quote of the Week
“While the national delinquency rate inched up to 2.9%, it remains below December’s peak of 3.2%. Meanwhile serious delinquencies continue to move within a narrow band between 0.8% and 1%.”
–Molly Boesel, senior principal economist at Cotality