WASHINGTON–Department of Housing and Urban Development Secretary Scott Turner outlined some of his philosophy regarding his new role during the Mortgage Bankers Association’s National Advocacy Conference April 8.
Category: News and Trends
Auction.com Reports Buyers’ Optimism Grows
Auction.com, Irvine, Calif., released its 2025 Buyer Insights Report, finding 64% of buyers of distressed properties at auction expect their purchases to increase in 2025, up from 60% in 2024 and 54% in 2023.
Chart of the Week: MOVE Volatility Index and Mortgage-Treasury Spread
Market volatility, both in equity and bond markets, increased sharply this week because of the serial surprises with respect to the direction of U.S. tariff policy.
Unlocking Efficiency and Profitability in Mortgage Servicing
In an industry defined by constant change, mortgage servicers must maintain a clear view of their processes and true costs in order to remain adaptable and profitable. This becomes increasingly important as the regulatory landscape continues to shift amid ongoing market volatility and economic unpredictability.
Servicing Quote of the Week
“Halting the VASP program will increase the number of veterans facing foreclosure unless the VA and Congress implement a permanent partial claim option as soon as possible.”
–MBA’s President and CEO Bob Broeksmit, CMB
VantageScore CreditGauge: Mortgage Credit Delinquencies Rise in February
VantageScore, San Francisco, released its CreditGauge for February, finding mortgage credit delinquencies worsened year-over-year.
Trepp: CMBS Delinquency Rate Jumps in March
Trepp, New York, reported the CMBS delinquency rate rose in March, with the overall delinquency rate up 35 basis points to 6.65%.
Income Over $100,000 Needed to Afford Typical Home, Bankrate Finds
Bankrate, New York, released its 2025 Housing Affordability Study, finding that prospective homebuyers need an annual income of $116,986 to afford the typical U.S. home.
More Americans Say Homeownership Is Not Attainable, KeyBank Finds
KeyBank, Cleveland, released its 2025 Financial Mobility Survey, finding that 46% of survey respondents who don’t currently own a home say it’s not attainable for them.
Servicing Newslink Q&A: LERETA’s Chief Strategy Officer Randy Kozlowski
MBA NewsLink recently interviewed LERETA Chief Strategy Officer Randy Kozlowski about escrow management.