A new survey from Truework, San Francisco, found that younger buyers are making financial bets on their ability to refinance in the future.
Category: News and Trends
ATTOM: U.S. Foreclosure Activity Jumps 13% Year-Over-Year in July
ATTOM, Irvine, Calif., found there were 36,128 properties with foreclosure filings in July, up 11% from June and up 13% from last year.
ICE Mortgage Monitor: Originations Hit Highest Quarterly Volume Since 2022
ICE Mortgage Technology, Atlanta, released its latest Mortgage Monitor report, finding that mortgage originations saw their highest quarterly volume in Q2 since 2022.
MBA’s Bob Broeksmit on Increasing Competition in Credit Scoring and Reporting
Mortgage Bankers Association President and CEO Bob Broeksmit, CMB, released a video on Aug. 6 discussing MBA’s work with FHFA and the GSEs on credit score modernization.
AICPA: One-Third of Americans Haven’t Taken Financial Steps to Prepare for Natural Disaster
A survey conducted by The Harris Poll on behalf of the American Institute of CPAs, Durham, N.C., found 32% of Americans say they have taken no financial steps to prepare for a natural disaster.
Milliman: Mortgage Default Risk Inches Up
Milliman, Seattle, said its Milliman Mortgage Default Index shows a slight increase in the lifetime serious delinquency rate (for homes 180-plus days delinquent) for U.S.-backed mortgages.
Chart of the Week: HELOC and Home Equity Loan Origination Volume by Known Borrower Usage
MBA recently completed its 2025 Home Equity Lending Study, tracking trends in origination and servicing for home equity lines of credit (HELOCs) and home equity loans. According to the study, total originations of open-end 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. Total HELOC and home equity loan debt outstanding grew 10.3%.
MCT: Refinance Volume Exceeds Expectations in August
Mortgage Capital Trading, San Diego, said its Lock Volume Indices report showed modest decline in overall activity in July. But refinance segments outperformed expectations despite continued uncertainty in the housing market.
Servicing Quote of the Week
“Eighteen months ago, we stepped up our efforts and asked the regulators, FHFA, CFPB and the FTC, to look into how their policies may be contributing to the costs of credit reports and scores spiking.”
–MBA President and CEO Bob Broeksmit, CMB
ATTOM: Home Sale Profits Increase in Q2
ATTOM, Irvine, Calif., released its Q2 U.S. Home Sales Report, finding that sellers made, on average, a 50% profit selling single-family homes and condos during the quarter.