Jeff Weidell, CMB, of Northmarq Nominated to Be 2027 MBA Vice Chairman
The Mortgage Bankers Association announced that Jeff Weidell, CMB, CEO of Northmarq, has been nominated to serve as MBA’s Vice Chairman for the 2027 membership year.
Foreclosure Filings Fall Monthly, Gain Annually, ATTOM Finds
ATTOM, Irvine, Calif., released its latest U.S. Foreclosure Market Report, finding that there were 40,355 U.S. properties with foreclosure filings in the month. That’s down 5% from a month ago, but up 14% from May 2025.
ICE Mortgage Monitor: Home Equity Withdrawals Increase in Q1
Intercontinental Exchange Inc., Atlanta, released its June ICE Mortgage Monitor, finding that in the first quarter, homeowners tapped equity at the highest levels for the period since 2021.
Optimal Blue: Higher Rates Weighing on Purchase, Refinance Demand
Optimal Blue, Plano, Texas, found refinance share fell to 19% of total lock volume in May, the lowest level in nearly a year.
MCT: Rate/Term Refinances Pull Back; Purchase Locks Hold Heading into Summer
Mortgage Capital Trading, San Diego, reported total lock volume declined about 2% in May; purchase locks remained steady, and rate/term refinances pulled back nearly 25%; cash-out refinances softened about 5%.
Chart of the Week: Homeownership by Country
In a forthcoming MBA White Paper, “Implications of a Persistent Slowing in Housing Demand,” MBA’s Research and Economics team examines, among other topics, homeownership rates in the United States by age and by race and ethnicity. The overall homeownership rate stood at 65.3% in the first quarter of 2026, according to the U.S. Census Bureau.
