Nationwide, Columbus, Ohio, reported that recent first-time buyers found buying a home more stressful than some other major life milestones.
Category: News and Trends
ACES Quality Management Finds Early Signs of Loan Quality Risk
ACES Quality Management, Denver, found the overall critical defect rate rose in the first quarter, ending two quarters of improvement.
Redfin: Home Purchase Cancellations Jump in July
Redfin, Seattle, reported 58,000 home-purchase agreements were canceled in July, roughly 15.3% of homes that went under contract. That’s the highest July rate for cancellations in records going back to 2017.
ICE First Look: Delinquencies Ease in July; Foreclosure Activity Edges Higher
U.S. mortgage performance remains remarkably strong compared to pre-pandemic norms, marked by delinquencies declining on an annual basis, according to ICE Mortgage Technology, Atlanta.
Servicing Quote of the Week
“John Hedlund brings an impressive combination of decades of leadership as a lender, a devotion to the mortgage industry and MBA engagement, and significant entrepreneurial success to our leadership ladder.”
–Laura Escobar, 2025 MBA Chair and President of Lennar Mortgage
Chart of the Week: Composition of Seriously Delinquent Loans by Origination Year
According to the latest results from MBA’s National Delinquency Survey (NDS), the delinquency rate for mortgage loans on one-to-four-unit residential properties decreased slightly to a seasonally adjusted rate of 3.93 percent of all loans outstanding at the end of the second quarter of 2025. The delinquency rate was down 11 basis points from the first quarter of 2025 and down 4 basis points from one year ago.
RCN/CJ Patrick: Investor Sentiment Rebounds from Recent Lows
Real estate investor sentiment is rebounding after declining sharply for two consecutive quarters, according to the latest RCN Capital/CJ Patrick Co. Investor Sentiment Index.
Mortgage Industry Veteran John Hedlund Nominated to Be 2026 MBA Vice Chairman
The Mortgage Bankers Association announced that John Hedlund, a decades-long MBA and industry leader and current Vice Chairman of ICE Mortgage Technology, has been nominated to serve as MBA’s Vice Chairman for the 2026 membership year.
Home Equity Growth Varies Across the U.S., Bankrate Reports
Certain parts of the country have seen higher home equity than others since 2020, according to a new study from Bankrate, New York.
U.S. Mortgage Insurers: About 800,000 Low Down Payment Buyers Used MI in 2024
U.S. Mortgage Insurers, Washington, D.C., released its yearly report, finding that the private MI industry provided mortgage insurance to more than 800,000 low down payment borrowers last year.