“National-level delinquency rates for December show a mortgage market with strong performance, with 97% of borrowers making on-time payments. The rate is unchanged from a year earlier and a bit better than a month earlier.”
–Molly Boesel, Principal Economist for CoreLogic.
TransUnion, Chicago, released its Q4 2024 Quarterly Credit Industry Insights Report, predicting multiple credit products will see growth this year.
ATTOM, Irvine, Calif., released its fourth-quarter 2024 U.S. Residential Property Mortgage Origination Report, showing that 1.64 million mortgages secured by residential property were issued in the United States during Q4.
Redfin, Seattle, reported that the typical U.S. homebuyer’s down payment in December was 16.3% of the purchase price, up from 15% a year earlier.
CoreLogic, Irvine, Calif., reported that the U.S. overall delinquency rate was flat year-over-year, but dropped slightly from November.
“While the number of forbearance requests grew in January, the number of forbearance exits outweighed that pick-up, reaching the highest level since June 2022.”
–Marina Walsh, CMB, MBA’s Vice President of Industry Analysis
Redfin, Seattle, reported the combined value of U.S. homes increased $2.5 trillion in 2024 to hit $49.7 trillion.
The Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 7 basis points from 0.47% of servicers’ portfolio volume in the prior month to 0.40% as of January 31, 2025. According to MBA’s estimate, 200,000 homeowners are in forbearance plans.
ATTOM, Irvine, Calif., released its first-quarter 2025 Vacant Property and Zombie Foreclosure Report, finding that 1.4 million residential homes in the U.S. are vacant.
Achieve, San Mateo, Calif., released its quarterly debt survey, finding that 26% of households report accruing more debt over the past quarter. However, that’s down from the 28% that said the same in Q4 2024.
