U.S. mortgage holders carried a record $17.6 trillion in home equity entering the second quarter–with $11.5 trillion considered “tappable”–according to ICE Mortgage Technology, Atlanta.
Category: News and Trends
MISMO Creates Standard for Electronic HELOCs
MISMO, the real estate finance industry’s standards organization, announced that it is seeking public comment on the SMART Doc V3 eHELOC Specification.
Redfin: Value of Homes on the Market Hits Record
Redfin, Seattle, released a new report finding that there are $698 billion in homes currently on the market–the highest dollar amount ever recorded.
Jobs Increase by 139,000 in May; Unemployment Remains Flat
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.
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.