Joint Trades Press Statement on FHFA Announcement on Credit Scores
The Mortgage Bankers Association, American Bankers Association, Housing Policy Council and Structured Finance Association released a joint statement on the Federal Housing Finance Agency’s (FHFA) recent announcement on credit scores.
Cotality: Taxes, Insurance Appear to Drive Some Increase in Serious Delinquencies
Cotality, Irvine, Calif., released a new report analyzing the effects of property taxes and insurance in states seeing upticks in serious mortgage delinquencies.
ALTA: Title Insurance Premiums Increase
Title insurance premiums increased 15.6% between first-quarter 2024 and first-quarter 2025, the American Land Title Association reported.
Chart of the Week: Average Wage Growth for Job Stayers Vs. Switchers
Given the current economic uncertainty, a lot of attention is being paid to the health of the labor market. Overall, it is fair to say that the job market is still healthy but continues to weaken. Based on the Bureau of Labor Statistics’ Employment Situation report, job growth came in at 147,000 in June, matching the average pace for the past year. The unemployment rate remained steady at 4.1%, but the participation rate dropped again, as workers continued to leave the workforce.
Remodeling Market Sentiment Dips
Most remodelers continue to express positive sentiment, but some report slowing activity, the NAHB/Westlake Royal Remodeling Market Index found.
