Tag: Quote

“U.S. mortgage delinquency rates remained healthy in October, with the overall delinquency rate unchanged from a year earlier and the serious delinquency rate remaining at a historic low.”

–Molly Boesel, Principal Economist for CoreLogic

“While we’ve observed a modest decrease in U.S. foreclosure activity most likely due to seasonal factors, it’s essential to note that these fluctuations are a part of the cyclical nature of the market.”

–Rob Barber, CEO at ATTOM

“Nearly 96% of all home mortgages are performing, which underscores how strong servicing portfolio performance is right now with the same resilience seen in the U.S. labor market.”

–Marina Walsh, CMB, MBA’s Vice President of Industry Analysis

“With price gains continuing to help homeowners build wealth, equity has reached a new high and regained losses that resulted from declines last year. And while the average U.S. homeowner gained over $20,000 in additional equity compared with the third quarter of 2022, some markets are seeing larger increases as price growth catches up.”

–Selma Hepp, Chief Economist for CoreLogic

“Servicers provided relief to struggling borrowers during the pandemic by advancing the payments owed on their mortgages and are willing to do so again. However, the VA needs to provide a detailed plan on how servicers will be reimbursed for advancing payments on behalf of borrowers.”

–MBA’s President and CEO Bob Broeksmit, CMB

“Home equity continues to be one of the more affordable ways that current homeowners can access funds to improve the condition of their home and increase its value.”

–Jon Giles, Head of Real Estate Secured Lending Strategy & Support at TD Bank

“Forbearance is still an option for many distressed homeowners, but in most cases, the requirements to obtain a forbearance will not be as streamlined as they were during the pandemic.”

–Marina Walsh, CMB, MBA’s Vice President of Industry Analysis

“The national mortgage delinquency rate increased in the third quarter from the record survey low reached in the second quarter of this year, with an uptick in delinquencies across all loan types–conventional, FHA, and VA.”

–Marina Walsh, CMB, MBA’s Vice President of Industry Analysis

“The fourth quarter data should say more about whether residential equity in the U.S. has indeed topped out..”

–ATTOM CEO Rob Barber

“U.S. mortgage performance remained strong in August, supported by a robust job market and a healthy economy.”

–Molly Boesel, principal economist at CoreLogic