Bankrate, New York, released its 2025 Housing Affordability Study, finding that prospective homebuyers need an annual income of $116,986 to afford the typical U.S. home.
Category: News and Trends
More Americans Say Homeownership Is Not Attainable, KeyBank Finds
KeyBank, Cleveland, released its 2025 Financial Mobility Survey, finding that 46% of survey respondents who don’t currently own a home say it’s not attainable for them.
Servicing Newslink Q&A: LERETA’s Chief Strategy Officer Randy Kozlowski
MBA NewsLink recently interviewed LERETA Chief Strategy Officer Randy Kozlowski about escrow management.
MBA Premier Member Editorial: Tech and AI Are Advancing, So What’s Next for Mortgage Pricing?
Today, conversations around mortgage pricing tend to focus on AI and modern technology, yet there was a time when everything was handled very differently – before the first product, pricing, and eligibility engine was even introduced, Optimal Blue’s Mike Vough writes.
MBA Calls on VA, Congress to Implement Permanent Partial Claim Program to Assist Veteran Homeowners at Risk of Foreclosure
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on the Department of Veterans Affairs’ (VA) reported plans of a phase-out of its Veterans Affairs Servicing Purchase (VASP) program.
U.S. Adds 228,000 Jobs in March; Industry Economists Weigh In
Total nonfarm payroll increased by 228,000 in March, the U.S. Bureau of Labor Statistics reported.
Chart of the Week: Effect of 2025 Announced Tariffs on Household Disposable Income
Since World War II, the consensus among economists has been pro-free trade with the attitude to tariffs summed up by JP Morgan’s David Kelly: “The trouble with tariffs, to be succinct, is that they raise prices, slow economic growth, cut profits, increase unemployment, worsen inequality, diminish productivity, and increase global tensions. Other than that, they’re fine.”
Servicing Quote of the Week
“It’s clear: Homeowners insurance and taxes are taking up an increasing share of a family’s monthly housing cost.”
–John Paasonen, Maxwell Co-founder and CEO
MBA Premier Member Editorial: Breaking the Bottleneck: How AI Accelerates the Lending Lifecycle
Tavant Touchless Lending’s Shannon Johnson writes that Artificial Intelligence is revolutionizing the mortgage landscape by addressing persistent challenges head-on.
MISMO Seeks Comment on SMART Doc V3 Security Instrument Specification
MISMO, the real estate finance industry’s standards organization, announced that it is seeking public comment on the SMART Doc V3 Security Instrument Specification. The 60-day public comment period will run through May 24, 2025.