Total nonfarm payroll employment increased by 139,000 in May, with the unemployment rate flat at 4.2%, the U.S. Bureau of Labor Statistics reported.
Category: News and Trends
Chart of the Week: Latest Delinquency Rates and Range Since 1996
Commercial mortgage delinquencies increased across all major capital sources in the first quarter of 2025, according to the Mortgage Bankers Association’s (MBA) latest Commercial Delinquency Report. While overall delinquency rates remain relatively low by historical standards, the increases highlight growing stress in parts of the market, particularly in sectors facing refinancing challenges or weakened fundamentals.
The Town Hall with MBA Leadership Webinar Returns June 18
Attend the next Town Hall with MBA Leadership on June 18 to hear recent news and commentary in both the residential and commercial/multifamily arenas from Pete Mills, MBA’s Senior Vice President of Residential Policy and Strategic Industry Engagement.
Servicing Quote of the Week
“Our data shows that the coastline is evolving, with the impacts of hurricanes extending not only further – both in cost and distance – but also on a more consistent basis.”
–Maiclaire Bolton-Smith, Vice President of Insurance Product Marketing at Cotality
TransUnion: Mortgage Originations, Delinquencies Both Up
TransUnion, Chicago, released its Q1 2025 Credit Industry Insights Report, finding that mortgage originations saw an annual increase at the end of last year.
ATTOM: U.S. Home Vacancy Rate Holds Steady
ATTOM, Irvine, Calif., released its Vacant Property and Zombie Foreclosure Report for Q2, showing that 1.4 million residential properties are vacant.
MBA: Commercial and Multifamily Mortgage Delinquency Rates Increase in First-Quarter 2025
Commercial mortgage delinquencies increased in the first quarter, according to the Mortgage Bankers Association’s latest Commercial Mortgage Delinquency Rates Report.
MISMO Releases AVM Confidence Score Standard
MISMO, the real estate finance industry’s standards organization, announced it is seeking public comment through June 28, 2025, on the Automated Valuation Model Common Confidence Score Standard and Guidance.
ACES: Critical Defect Rate for Q4 2024 Drops
ACES Quality Management, Denver, saw the overall critical defect rate for Q4 2024 drop to 1.16%, the second lowest level since ACES began compiling the report.
ICE First Look: Foreclosure Activity Creeps Up
Intercontinental Exchange Inc., Atlanta, released its First Look at April 2025 data, finding that the national delinquency rate is up to 3.22%–up 1 basis point from March and 13 basis points from April 2024.