“The gender pay gap limits women in the housing market, but that’s only the start of a compounding impact. Owning a home represents the dominant form of wealth building for most Americans. So not only are women starting from behind, but they’re falling even further behind with each passing day as homes build equity.”
–Zillow economist Nicole Bachaud.
MISMO®, the real estate finance industry standards organization, seeks public comment on its new dataset standard that supports Department of Veterans Affairs (VA) Form 26-1880 Request for a Certificate of Eligibility. The 60-day public comment period for this dataset runs through May 30.
In response to their dwindling refinance volume, mortgage lenders have begun recalibrating their outreach strategies to capture the shift toward purchase and home-equity demand. In this market, lenders with a finely tuned formula for nurturing repeat customers will succeed where others flounder.
Ascendant National Title, Denver, hired Theresa Root as Senior Vice President of National Operations, responsible for managing operations, process and workflow for the company’s title and closing operations.
Based on current data and trends, here are three predictions for the industry’s landscape as we move further into 2022.
The MBA Home for All Pledge represents our industry’s long-term commitment on a sustained and holistic approach to address racial inequities in housing.
Mortgage rates reached their highest level in three years last week, sending refinance applications and overall applications plunging, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending March 25.
LightBox RCM, Carlsbad, Calif., said commercial real estate investors are “navigating a delicate balancing act” as strong demand across many sectors hits headwinds from inflation, construction costs and labor issues.
The Conference Board, New York, reported its Consumer Confidence Index increased for the first time this year, albeit just slightly.
In the first of four major employment reports this week, the Bureau of Labor Statistics on Tuesday reported job openings fell slightly in February, while another 4.1 percent of Americans quit their jobs—showing while employees continue to retain the upper hand in a volatile housing market, that grip could be starting to slip.
