ATTOM, Irvine, Calif., released its fourth-quarter 2024 U.S. Residential Property Mortgage Origination Report, showing that 1.64 million mortgages secured by residential property were issued in the United States during Q4.
Category: News and Trends
Redfin: Typical Buyer Putting Up 16.3% Down Payment
Redfin, Seattle, reported that the typical U.S. homebuyer’s down payment in December was 16.3% of the purchase price, up from 15% a year earlier.
CoreLogic: U.S. Overall Delinquency Rate at 3.1% in December
CoreLogic, Irvine, Calif., reported that the U.S. overall delinquency rate was flat year-over-year, but dropped slightly from November.
Servicing Quote of the Week
“While the number of forbearance requests grew in January, the number of forbearance exits outweighed that pick-up, reaching the highest level since June 2022.”
–Marina Walsh, CMB, MBA’s Vice President of Industry Analysis
Redfin: Combined Value of U.S. Homes Climbed to $49.7 Trillion
Redfin, Seattle, reported the combined value of U.S. homes increased $2.5 trillion in 2024 to hit $49.7 trillion.
MBA: Share of Mortgage Loans in Forbearance Decreases to 0.40% in January
The Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 7 basis points from 0.47% of servicers’ portfolio volume in the prior month to 0.40% as of January 31, 2025. According to MBA’s estimate, 200,000 homeowners are in forbearance plans.
Zombie Foreclosures Still Quite Low in Q1
ATTOM, Irvine, Calif., released its first-quarter 2025 Vacant Property and Zombie Foreclosure Report, finding that 1.4 million residential homes in the U.S. are vacant.
Achieve Survey: Americans’ Financial Trends Stable, but Challenges Remain
Achieve, San Mateo, Calif., released its quarterly debt survey, finding that 26% of households report accruing more debt over the past quarter. However, that’s down from the 28% that said the same in Q4 2024.
MBA Chart of the Week: CRE Loan Maturity Volumes
Twenty percent ($957 billion) of $4.8 trillion of outstanding commercial mortgages held by lenders and investors will mature in 2025, a 3% increase from the $929 billion that matured in 2024, according to the Mortgage Bankers Association’s 2024 Commercial Real Estate Survey of Loan Maturity Volumes.
ICE: Foreclosure Starts Jump in January
Intercontinental Exchange Inc., released its “first look” at January mortgage performance, finding that foreclosure starts jumped by 30% and foreclosure sales rose by 25%.