Pending home sales decreased by 0.4% in July but are up 0.7% compared to a year ago, the National Association of Realtors reported.
Category: News and Trends
Leading Mortgage Organizations: Essentials for Executives and Board Members Program
MBA has developed a robust program intended to empower your board members and senior executives to confidently and proficiently lead your organization.
Redfin: Homebuyers, Sellers Both Retreat
Redfin, Seattle, reported that the U.S. housing market has seen both buyers and sellers retreating recently.
MISMO Calls for Industry Input on New Version 3.6.2 Reference Model
MISMO®, the real estate finance industry’s standards organization, is seeking public comment on the new Version 3.6.2 MISMO Reference Model. The public comment period will remain open through September 27.
MBA Premier Member Spotlight: ServiceLink
(One in a continuing series of profiles of Premier Members of the Mortgage Bankers Association. Please contact MBA’s Alicia Goncalves, CMB for information about Premier Member Spotlights.)
Trepp: CMBS Delinquency Rate Increases for Sixth Straight Month
Trepp, New York, released its CMBS Delinquency report for August, highlighting that the rate increased for the sixth consecutive month.
Dealmaker: PACE Loan Group Originates $13M in C-PACE Financing
PACE Loan Group, Minneapolis, provided $13 million in C-PACE financing for construction of a SpringHill Suites by Marriott Hotel in Seattle suburb Lakewood, Wash.
Mortgage Application Payments Decreased in July, MBA Reports
Homebuyer affordability improved in July, with the national median payment applied for by purchase applicants decreasing to $2,127 from $2,172 in June.
VantageScore Reports Late-Stage Credit Delinquencies Increase Across All Credit Tiers
Late-stage delinquencies increased across all credit tiers in July, according to VantageScore, San Francisco.
S&P Cotality Case-Shiller Index Finds Shifting Market
June’s housing price trend continues a “decisive shift” in the housing market, with national home prices rising just 1.9% year-over-year–the slowest pace since Summer 2023–according to the latest S&P Cotality Case-Shiller Index.