November’s job creation bounced back from October and exceeded consensus estimates.
Category: News and Trends
CoreLogic: 33,000 Homes Face ‘Triple-Threat’ From Natural Disasters
CoreLogic, Irvine, Calif., reported that across the U.S., 33,000 homes face a triple threat–essentially, year-round extreme risk from three natural disasters.
Servicing Quote of the Week
“We have long advocated for transparent policies, clear servicing requirements, and fair and equal access to the secondary market for lenders of all sizes and business models.”
–MBA President and CEO Bob Broeksmit, CMB, discussing current political conversations around GSE conservatorship
FHA Revises Cyber Incident Reporting Requirements
The Federal Housing Administration on Monday updated its requirements for cyber incident reporting.
To the Point With Bob: MBA Is Ready to Help Shape a Safe and Sound Exit Plan from GSE Conservatorship
MBA President and CEO Bob Broeksmit, CMB, says MBA welcomes the opportunity to work with policymakers to forge a path to finally end the GSE conservatorship.
Trepp: CMBS Delinquency Up in November
Trepp, New York, reported the CMBS delinquency rate grew 42 basis points to 6.4%.
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.