NEW YORK–Mortgage Bankers Association Chair Laura Escobar, President of Lennar Mortgage, took to the stage during MBA’s Secondary and Capital Markets Conference, highlighting what a difference just a year makes in the political and economic environment.
Category: News and Trends
IMBs Report Slight Production Losses in First Quarter
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $28 on each loan they originated in the first quarter, compared to a net loss of $40 per loan in the fourth quarter of 2024, according to MBA’s newly released Quarterly Mortgage Bankers Performance Report.
Servicing Quote of the Week
“Accounting for both production and servicing operations combined, 58 percent of mortgage companies in MBA’s sample are profitable, but that leaves 42 percent who are still not yet out of the woods.”
–Marina Walsh, CMB, MBA’s Vice President of Industry Analysis
Delinquency Rates for Commercial Properties Increased in First Quarter: MBA
Delinquency rates for mortgages backed by commercial properties increased during the first quarter of 2025. This is according to the Mortgage Bankers Association’s latest commercial real estate finance Loan Performance Survey.
Mortgage Delinquencies Increase Slightly in First Quarter
The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 4.04% of all loans outstanding at the end of the first quarter of 2025, according to the Mortgage Bankers Association’s (MBA) National Delinquency Survey.
Southern Discomfort: Weather, Economic Headwinds Drive Home Insurance Premiums Through the Roof
For prospective home buyers already grappling with affordability constraints from rising home prices and elevated interest rates, this additional expense further chokes their budgets and erodes their house-buying power.
LendingTree: Property Taxes Rise in Large Metros
LendingTree, Charlotte, N.C., found median property taxes in the U.S. rose by an average of 10.4% from 2021-2023. They also rose in the largest 50 U.S. metro areas during that time period.
Redfin: Average Age of Purchased Home on the Rise
Redfin, Seattle, released a new report finding that the typical house bought in the U.S. hit a record age of 36 years in 2024.
Call for Nominations: MBA NewsLink 2025 Tech All-Star Awards
The MBA NewsLink 2025 Tech All-Star Awards nomination period is underway. Nominations are due by Friday, June 6.
MBA Weighs in on OMB Request for Information on Deregulation
The Mortgage Bankers Association weighed in yesterday on the Office of Management and Budget’s request for information on “unnecessary, unlawful, unduly burdensome, and unsound” rules.