The latest economic and policy trends facing mortgage servicers

Join this webinar for an in-depth roundtable discussion on economic and policy trends impacting servicers as well as a look ahead at strategies servicers should employ in the next year.

2021 RealTrends Brokerage Compensation Report

For the study, RealTrends surveyed all the firms on the 2021 RealTrends 500 and Nation’s Best rankings, asking for annual compensation data for the 2020 calendar year.

A real estate professor weighs in on the future of MLSs

According to research done by Sonia Gilbukh, a real estate professor at Baruch College, there are some reasons to be concerned about the current number of real estate agents and the future of MLSs.

Lenders, it’s time to consider offering non-QM products

The non-QM market is making a comeback following a pause in 2020. As lenders rush to implement, Angel Oak is helping them adopt these new lending products.

Mortgage

Homeownership hits 20-year low in 4Q14

Level buoyed by delinquencies

The homeownership rate in America hit a 20-year low, dropping to 64% in the fourth quarter of 2014.

This was 1.2 percentage points (+/-0.4) lower than the fourth quarter 2013 rate (65.2%) and 0.4 percentage points (+/-0.4) lower than the rate last quarter (64.4%).

The rental vacancy rate of 7% was 1.2 percentage points (+/-0.4) lower than the rate in the fourth quarter 2013 and 0.4 percentage points (+/-0.3) lower than the rate last quarter.

Click to enlarge

(Source: Census Bureau)

The homeowner vacancy rate of 1.9% was 0.2 percentage points (+/-0.2) lower than the rate in the fourth quarter 2013 and 0.1 percentage point higher (+/-0.1)* than the rate last quarter.

Click to enlarge

(Source: Census Bureau)

The homeownership rate of 64% was 1.2 percentage points (+/-0.4) lower than the fourth quarter 2013 rate (65.2%) and 0.4 percentage points (+/-0.4) lower than the rate last quarter (64.4%).

Paul Diggle, property economist for Capital Economics said that the decade-long decline in the share of the population who own their home may now be drawing to an end.

“The usual health warnings apply regarding the reliability of the Census Bureau’s notoriously noisy homeownership and vacancy rate survey. The figures show that the homeownership rate in the US slipped from 64.4% in Q3 to 64.0% in Q4,” Diggle says in a client note. “That’s a 20-year low, and in line with the forecast that we first made in 2012.

“Yet the long decline in the homeownership rate may finally be drawing to a close,” he says. “After all, mortgage delinquency and foreclosure rates have fallen back to long-run norms, mortgage credit conditions are showing signs of loosening and wage growth may soon accelerate, helping young households to make the leap into homeownership. The survey evidence certainly suggests that owning a home remains part of most people’s perception of the American dream.”

Notably, prolific housing commentator and loan originator Logan Mohtashami had this to say about the report. 

[Updated to add Tweet.]

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