MISMO®, the real estate finance industry standards organization, seeks public comment on its new Mortgage Insurance (MI) Activation API specification, designed to facilitate activation of a MI Commitment to Certificate Status.
Category: News and Trends
CBRE: Cap Rates Down Across Real Estate Spectrum in 2021
Commercial real estate capitalization rates declined across the real estate spectrum last year, reported CBRE, Dallas.
Rocky Foroutan of LenderHomePage: Borrower Experience and Customer Retention–The Definitive Key For Digital Mortgage Success
Retention is the new acquisition and likely the most important KPI in the digital age. While the focus has historically been on acquiring new leads for revenue generation, the mortgage industry is now shifting its emphasis to retaining customers by enhancing the overall borrower experience.
CoreLogic: Homeowners in Negative Equity at Lowest Level in 12 Years
CoreLogic, Irvine, Calif., said just 2.1% of U.S. homeowners with a mortgage were underwater as of the fourth quarter, the lowest level since 2010, as borrowers gained more than $3.2 trillion in equity in 2021.
Dealmaker: Avison Young Brokers $339M in Industrial, Office Sales
Avison Young’s Capital Markets Group sold an Iowa single-tenant net-leased industrial property and a Florida office property for a combined $338.6 million.
Unemployment Insurance Claims Edge Up
Initial claims for unemployment insurance crept back up last week, the Labor Department reported Thursday, perhaps signaling that the post-pandemic jobs recovery isn’t quite there, yet.
Inflation Jumps to Fastest Rate Since 1982
The Consumer Price Index jumped by 0.8 percent in February from January and roared ahead by 7.9 percent to its fastest annual pace in 40 years, the Bureau of Labor Statistics reported Thursday.
House, Senate Pass $1.5T Omnibus Bill (MBA Statement)
The House late Wednesday passed a $1.5 trillion omnibus spending package to fund the federal government. Mortgage Bankers Association President and CEO Bob Broeksmit, CMB, issued a statement following the bill’s passage.
MBA Technology Solutions Conference & Expo in Las Vegas Apr. 11-14
The Mortgage Bankers Association’s annual Technology Solutions Conference & Expo takes place Apr. 11-14 at the Bellagio Las Vegas.
Quote
“MBA was especially pleased to see the requirement of HUD to report on efforts to resolve delays in the FHA multifamily pipeline funding, language supporting FHA IT modernization, the inclusion of the Adjustable Interest Rate (Libor) Act and the extension of the National Flood Insurance Program.”
–MBA President & CEO Bob Broeksmit, CMB, on House passage of an omnibus spending bill for fiscal year 2022 that includes key MBA-supported provisions.