CoreLogic, Irvine, Calif., released its Homeowner Equity Report for the fourth quarter of 2024, finding that nationwide, borrower equity increased by $281.9 billion. That’s an increase of 1.7% year-over-year.
Category: News and Trends
Zillow: Homes at Risk of Climate Disaster Total Trillions
Zillow, Seattle, released a study analyzing the value of U.S. homes at major risk of damage from fire, flood or extreme wind.
FOMC Rate Pause Remains; MBA Economist Weighs In
The Federal Reserve’s Federal Open Market Committee left interest rates unchanged on Wednesday.
LendingTree: 13.6% of Homes Are Uninsured
LendingTree, Charlotte, N.C., reported approximately one in seven homes across the U.S. are uninsured.
ICE First Look: Delinquencies Creep Up in February
Intercontinental Exchange Inc., released its “first look” at February mortgage performance, finding the national delinquency rate edged up five basis points to 3.53% in February.
Harvard JCHS: Remodeling Soars to New Heights
The U.S. remodeling market soared above $600 billion after the pandemic and remains 50% above pre-pandemic levels despite recent softening, the Harvard Joint Center for Housing Studies reported.
Home Flipping Declines Again, ATTOM Finds
Nearly 298,000 single-family homes and condos in the United States were flipped last year, down 7.7% from 2023 and 32.4% from the recent peak of nearly 441,000 reached in 2022, according to ATTOM, Irvine, Calif.
Chart of the Week: Commercial and Multifamily Mortgage Debt Outstanding
According to MBA’s Quarterly Mortgage Debt Outstanding Report, total commercial and multifamily mortgage debt outstanding increased by 3.7% year-over-year, rising from $4.62 trillion in Q4 2023 to $4.79 trillion in Q4 2024. This growth reflects continued investment in commercial real estate, with sector-specific variations in debt allocation.
Disaster Recovery: A Resource for Homeowners from MBA
MBA’s Disaster Recovery: A Resource for Homeowners is a resource paper for homeowners that outlines what to do before and after the disaster, along with how to start and then work through the recovery process.
Servicing Quote of the Week
“Despite February’s monthly decline of loans in forbearance, the estimated number of forbearances and loan workouts increased compared to one year ago.”
–MBA’s Vice President of Industry Analysis Marina Walsh, CMB