ICE Mortgage Technology, Atlanta, released its ICE Mortgage Monitor Report, highlighting a continued surge in property insurance costs.
Category: News and Trends
National Housing Conference Report: Middle-Class Americans Priced Out
Middle-class Americans now face a housing affordability crisis once reserved for low-income families, according to a new report from the National Housing Conference.
TransUnion Finds Correlation Between PTI Ratios, Mortgage Delinquencies
TransUnion, Chicago, released a new analysis finding a correlation between rising payment-to-income ratios and rising mortgage delinquencies.
Redfin Shows How U.S. Housing Costs Could Return to ‘Normal’ by 2030 Under Certain Conditions
Redfin, Seattle, released a new report exploring how housing costs could return to “normal” by 2030 if home-price growth stabilizes and mortgage rates fall to 5.5%.
Jobs Up by 22,000 in August, Unemployment at 4.3%, BLS Reports
The Bureau of Labor Statistics released August jobs data Friday morning, finding that total nonfarm payroll employment ticked up by 22,000, and the unemployment rate is little changed at 4.3%.
Cotality: U.S. Delinquency Rate Steady in Q2, but Edging Up
Cotality, Irvine, Calif., released its latest Loan Performance Indicators, finding that as of the end of Q2, the number of mortgages in some kind of delinquency was 2.9%.
MBA Chart of the Week: Monthly Payroll Growth and Unemployment
Job growth slowed to just 22,000 jobs in August and estimates for the prior two months were revised down by 21,000.
Servicing Quote of the Week
“Vacant and zombie homes can hurt the value of surrounding properties and start a negative spiral in a local housing market. While we’ve seen the rate of zombie homes tick up a tiny bit this quarter, the overall rate of vacant homes and homes in the foreclosure process has remained remarkably steady.”
–Rob Barber, CEO of ATTOM
Chart of the Week: Mortgage Industry Employment
This Chart of the Week focuses on trends in mortgage industry employment and appropriately coincides with Labor Day and MBA’s upcoming Human Resources Symposium. In this chart, we focus on three different measurements of mortgage employment from three different sources.
MBA Responds to FHA Regarding ‘Buy Now Pay Later’ Debt
MBA responded to the Federal Housing Administration’s Request for Information concerning Buy Now Pay Later debt.