MBA President and CEO Bob Broeksmit, CMB, released two statements over the weekend supporting the nomination of Joe Gormley to serve as President of Ginnie Mae and Frank Cassidy to be Commissioner of the Federal Housing Administration.
Category: News and Trends
Servicing Quote of the Week
“With close to $35 trillion of homeowner equity in residential real estate and many homeowners locked into low-rate first mortgages, HELOCs and home equity loans have become the product of choice for many homeowners.”
–Marina Walsh, CMB, MBA’s Vice President of Industry Analysis
Premier Member Editorial: It’s Time to Rethink Mortgage Servicing. Here’s Why.
STRATMOR Group Senior Partner Michael Grad says too many still treat mortgage servicing like a side business rather than a strategic asset. “That needs to change.”
Redfin: More Than $50B in Los Angeles Homes Impacted by January Fires
Redfin, Seattle, reported that $51.7 billion in homes in Los Angeles–amounting to about 11,000 residential properties–were impacted by January’s Palisades fire.
FundingShield: Transactions With Fraud Risk Nearly Flat From Q1
FundingShield, Newport Beach, Calif., released its Q2 2025 Wire Fraud Analytics and Risk Report, finding 46.63% of transactions were flagged for issues that posed a significant risk of wire and title fraud.
Auction.com: Foreclosure Auction Volume Up in Q2
Auction.com, Irvine, Calif., released its Q2 2025 Auction Market Dispatch, finding that the supply of distressed properties available at auction continued to climb.
ICE: Delinquencies Trend Slightly Higher in June
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.
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.