Trepp, New York, reported the CMBS delinquency rate grew 42 basis points to 6.4%.
Category: News and Trends
VantageScore: Overall Credit Balances Up in October, Driven by Mortgages
VantageScore, San Francisco, released its October CreditGauge, finding overall balances hit a new metric record for the fourth straight month.
Zillow: Activity Poised to Pick Up in 2025
Zillow, Seattle, released its predictions for 2025, forecasting 2.6% home value growth next year and a more active housing market.
HUD Announces 2025 Loan Limits
The Federal Housing Administration announced new loan limits for calendar year 2025 for its Single-Family Title II forward and Home Equity Conversion Mortgage insurance programs.
Nationwide: Home Renovations Popular, but Many Owners Fail to Update Insurance
Nationwide, Columbus, Ohio, conducted a Homeowners Survey, finding 51% of respondents say they have completed a major home renovation project within the past two years.
Servicing Quote of the Week
“MBA is committed to working with the incoming HUD leadership and staff on policies and programs that boost housing supply, improve affordability, and address challenges and opportunities at the Federal Housing Administration and Ginnie Mae.”
–MBA President and CEO Bob Broeksmit, CMB, discussing Scott Turner’s nomination to be Secretary of the Department of Housing and Urban Development
ACES Finds Second Consecutive Increase in Critical Defect Rate
ACES Quality Management, Denver, found the overall critical defect rate increased to 1.81% during the second quarter, moving closer to the precarious 2% threshold.
S&P’s Property/Casualty Insurance Sector View Improves On Stronger Earnings, Capitalization
S&P Global Ratings, Princeton, N.J., said its sector view for U.S. property and casualty insurance has improved from negative to stable.
ICE First Look: Delinquencies Edge Up, but Foreclosure Activity Still Low
Intercontinental Exchange Inc., Atlanta, provided its first look at October mortgage performance, finding that the delinquency rate hit 3.45% in October, up 6% from October 2023.
MISMO Announces Standards Governance Committee Election Results
MISMO, the real estate finance industry’s standards organization, congratulates those elected to join/continue the 2025/2026 term on the Residential Standards Governance Committee and on the Commercial Standards Governance Committee.