ICE Mortgage Technology, Atlanta, released its June 2025 ICE First Look, finding that delinquencies rose on a monthly basis and foreclosures were up year-over-year, despite overall mortgage payment performance remaining strong.
Category: News and Trends
Mortgage Servicers Lag Originators on Customer Engagement, J.D. Power Finds
Mortgage servicers lag far behind originators on customer engagement, a new report from J.D. Power found.
Chart of the Week: Cost of Servicing Performing and Non-Performing Loans
Based on results from MBA’s latest Servicing Operations Study and Forum (SOSF), fully-loaded mortgage servicing costs of performing loans averaged $176 per loan in 2024, while the costs of non-performing loans averaged $1,573 per loan.
MBA Home Equity Study Shows Increase in Originations, Debt Outstanding in 2024
Total originations of open-ended 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.
Servicing Quote of the Week
“Since the VA’s previous partial claim authority was sunset without a replacement nearly two years ago, MBA has worked closely with the VA, lawmakers, and our members to advocate for a permanent partial claim option that mirrors the successful programs offered by other federal housing agencies.”
–MBA’s President and CEO Bob Broeksmit, CMB
Optimizing Mortgage Servicing: How Lenders Can Adapt to a Digital-First Landscape
The mortgage industry is undergoing a major transformation. Borrowers now expect the same convenience, speed and transparency from their mortgage servicer that they experience with their digital banking, retail and streaming experiences. At the same time, servicing mortgage loans presents increasing complexity. This situation compels lenders to navigate an evolving regulatory landscape while striving for operational efficiency.
ATTOM: Foreclosure Activity in First-Half 2025 Increases From 2024
ATTOM, Irvine, Calif., found there were a total of 187,659 U.S. properties with a foreclosure filing in the first six months of this year–up 5.8% from the same period in 2024 and 1.1% from the same period in 2023.
MBA Applauds Crucial Senate Passage of VA Partial Claims Bill
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on the Senate’s passage of the VA Home Loan Program Reform Act (H.R. 1815) by unanimous consent.
Redfin: Almost One-Quarter of Young Buyers Used Gift or Inheritance in Down Payment
Redfin, Seattle, released a new study finding that 23.8% of Gen Z or millennials who recently bought a home used some form of family money to help fund their down payment.
MISMO Publishes Updated eVault Standards and SMART Doc Validation Rules
MISMO, the real estate finance industry’s standards organization, published revisions to the eVault Standards and SMART Doc Validation Rules. This standard increases interoperability and trust between partners trading eNotes.