Mortgage holders’ equity levels continue to reach new heights, according to Intercontinental Exchange, Inc.
Tag: ICE Mortgage Monitor
ICE Mortgage Monitor: Share of Mortgages Above 5% Interest Rate Creeps Up
Intercontinental Exchange, Atlanta, released its latest mortgage monitor with May’s data. Among other findings, 24% of mortgage holders had interest rates of 5% or higher, up from just 10% in 2022.
ICE Mortgage Technology’s Vicki Vidal and Haris Jusic: What You Need to Know About the FHA’s Payment Supplement
During the COVID-19 pandemic, when rates remained low, the FHA streamlined its home retention loss mitigation options and provided relief for nearly 1.9 million borrowers. Despite these efforts, the current climate of high mortgage interest rates poses challenges for initiating loan modifications.
ICE Mortgage Monitor: Q1 Sees Record Levels of Tappable Equity
Intercontinental Exchange Inc., Atlanta, released its ICE Mortgage Monitor report for May, finding that homeowners with mortgages closed out the first quarter with a record $16.9 trillion in equity–$11 trillion of which was tappable.
ICE Mortgage Monitor: 2023 Saw Three-Decade Low in Originations
Intercontinental Exchange Inc., Atlanta, released its Mortgage Monitor report for March, featuring some full-year 2023 insights. Among those, the report recorded only 4.3 million mortgages as originated in 2023, the lowest since ICE began tracking the data 30 years ago.