Financial trade organizations are busy assessing how to best tailor their advocacy efforts based on the election results. Meanwhile, the mortgage industry is also looking at key indicators and research to determine what lies ahead for the housing market.
Learn more about these topics in this roundup:
ICBA publishes election analysis
The Independent Community Bankers of America published a detailed analysis of its policy advocacy priorities and expectations for the second Trump administration. The report includes a list of legislative initiatives the trade group plans to push for, including an extension to the 2017 Tax Cuts and Jobs Act. The organization said it is prepared to press its advantage in the new government and will meet with President Trump’s transition team and with every new member of the 119th Congress to advocate for community bank policy priorities. Learn more here.
MBA releases national delinquency survey
The Mortgage Bankers Association’s (MBA) National Delinquency Survey showed a 5 basis point reduction in the delinquency rate for mortgage loans on one-to-four-unit residential properties from the second quarter to the third quarter. However, the seasonally adjusted rate of 3.92 percent of all loans outstanding at the end of the third quarter was still 30 basis points higher compared to one year ago. The percentage of loans on which foreclosure actions were started in the third quarter rose by 1 basis point to 0.14 percent. Learn more about the survey’s findings and analysis by MBA Vice President of Industry Analysis Marina Walsh here.
Report says homeownership rate will remain tight as Baby Boomers age in place
An updated study published by the MBA Research Institute for Housing America (RIHA) examined shifting demographics for older Americans over 50 and the impact on housing supply. The report indicates older Americans have continued to remain in their homes for longer, and the homeownership rate among this demographic has continued to rise. The RIHA previously issued a study focused on overall housing supply in the United States and homeownership trends for Americans over 50 in 2022. The new version provides further analysis on how the COVID-19 pandemic affected housing decisions, and how supply is being impacted by increased life expectancy. Read more here.
ACU adds fee calculator to website
America’s Credit Unions (ACU) announced the addition of a new operating fee calculator to its website to help credit unions determine how much they will be paying to the National Credit Union Administration. The federal credit union operating fee is based on the average of a credit union’s total assets reported on the four most recent call reports. The calculator includes data, tools and other resources intended to help create a better operating environment for credit unions. The calculator is available in the “Analysis and Calculators” portion of the ACU’s website.