MISMO®, the real estate finance industry standards organization, announced it is standardizing the bid-wanted in competition dataset format to facilitate accuracy, liquidity and rapid pricing for agency mortgage-backed securities transactions.
Category: News and Trends
Apartment Rents Up 13% Year Over Year
Apartment rents increased nearly 13 percent nationwide over the past year–the highest rate in at least two years–but growth slowed slightly in October, reports from Redfin and RealPage said.
Dealmaker: Paragon Mortgage Corp. Arranges $99M in Construction Financing
Paragon Mortgage Corp., Phoenix, closed $98.5 million in construction financing for multifamily assets in Arizona and Colorado.
MBA: 3Q IMB Production Profits Increase
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $2,594 on each loan they originated in the third quarter, up from $2,023 per loan in the second quarter, according to the Mortgage Bankers Association’s Quarterly Mortgage Bankers Performance Report.
Housing Market Roundup Nov. 30, 2021
RE/MAX, Denver, said October home sales fell by 6.4 percent from September—nearly double the typical seasonal decline—pinched between a steep median sales price of $336,000 and record low inventory.
October Pending Home Sales Up 7.5%
Pending home sales rebounded strongly in October after declining in September, the National Association of Realtors reported Monday.
Arjun Raman of Wipro Opus Risk Solutions: Strapped for Time–Empower Overworked Staff with Outsourcing
The economic effects of the pandemic have placed strains on the day-to-day operations of servicers. An established relationship with a strategic outsourcing partner can streamline efficiency and productivity, resulting in improved scalability, increased cost savings and expertise at the ready.
MISMO Winter Summit 2022 in Clearwater, Fla. Jan. 10-13
The MISMO Winter Summit takes place Jan. 10-13 at the Hyatt Regency Clearwater Resort and Spa.
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“We’re seeing the effects of a long, sustained run-up in prices and month-over-month home sales and the market may be moving past the days of immediate sales, multiple offers and bidding wars on virtually every property. That’s OK. The October dip in sales, especially after such a busy September, is a step toward a more balanced market and was somewhat overdue.”
–Nick Bailey, President of RE/MAX LLC, Denver.
MBA Advocacy Update Nov. 29, 2021
On Monday, President Joe Biden announced his intent to nominate current Federal Reserve Chair Jerome Powell for a second term and current Board member Lael Brainard for Vice Chair. Also last week, MBA submitted comments to the Federal Housing Finance Agency in support of its proposed changes to the capital framework applicable to the GSEs.