Cotality, Irvine, Calif., released its latest Loan Performance Indicators, finding that as of the end of Q2, the number of mortgages in some kind of delinquency was 2.9%.
Category: News and Trends
MBA Chart of the Week: Monthly Payroll Growth and Unemployment
Job growth slowed to just 22,000 jobs in August and estimates for the prior two months were revised down by 21,000.
Servicing Quote of the Week
“Vacant and zombie homes can hurt the value of surrounding properties and start a negative spiral in a local housing market. While we’ve seen the rate of zombie homes tick up a tiny bit this quarter, the overall rate of vacant homes and homes in the foreclosure process has remained remarkably steady.”
–Rob Barber, CEO of ATTOM
Chart of the Week: Mortgage Industry Employment
This Chart of the Week focuses on trends in mortgage industry employment and appropriately coincides with Labor Day and MBA’s upcoming Human Resources Symposium. In this chart, we focus on three different measurements of mortgage employment from three different sources.
MBA Responds to FHA Regarding ‘Buy Now Pay Later’ Debt
MBA responded to the Federal Housing Administration’s Request for Information concerning Buy Now Pay Later debt.
ATTOM: Zombie Foreclosures See Slight Increase in Q3, Vacancy Rate Near Flat
ATTOM, Irvine, Calif., released its third-quarter Vacant Property and Zombie Foreclosure Report, finding that 1.4 million residential properties are vacant. That’s about 1.3% of all homes in the U.S.
Trepp: CMBS Delinquency Rate Increases for Sixth Straight Month
Trepp, New York, released its CMBS Delinquency report for August, highlighting that the rate increased for the sixth consecutive month.
MISMO Calls for Industry Input on New Version 3.6.2 Reference Model
MISMO, the real estate finance industry’s standards organization, is seeking public comment on the new Version 3.6.2 MISMO Reference Model, which includes new data points, containers, and enumerations to support MISMO work products and broader mortgage industry needs. The public comment period will remain open through Sept. 27, 2025.
Redfin: Homebuyers, Sellers Both Retreat
Redfin, Seattle, reported that the U.S. housing market has seen both buyers and sellers retreating recently.
Servicing Quote of the Week
“Servicing net financial income improved slightly, as impairments on mortgage servicing rights were minimal. Combining production and servicing operations, 80% of mortgage companies in the sample posted overall profits – the highest percentage since the third quarter of 2021.”
–Marina Walsh, CMB, MBA’s Vice President of Industry Analysis