MISMO®, the real estate finance industry standards organization, seeks public comment on updates to MISMO Engineering Guideline 7, which establishes class words that enable consistency in naming and structure of data point names.
Category: News and Trends
Shalecia Callaway of FICS: Embracing Diversity & Inclusion in Mortgage Lending Strengthens Industry, Builds Profitability
A lender committed to DEI focuses on building staff, leadership and a customer base that reflect the borrowers it wants to serve. Diverse staff and leadership create an environment where a broader range of ideas can flourish, boosting a company’s bottom line.
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“What COVID taught us was that we could be nimble. We have been able to react and push out guidance quicker. And we worked together better with other agencies—government programs tend to operate in silos; COVID forced us to work together to bring you programs with some consistency and standards. I hope there won’t be a ‘next crisis.’ But we know there will be—and we will be ready.”
–Ingrid Ripley, Executive Director for Single-Family Housing Guaranteed Loan Program with the Department of Agriculture.
MBA Economists: Outlook Strong for Originations, Servicing
ORLANDO—Despite another potentially economy-altering event this week—this time, the Russian invasion of Ukraine—Mortgage Bankers Association economists said the current picture for mortgage originators and servicers remains upbeat.
mPower Your Career Webinar Series TODAY: Being You is Your Superpower!
mPower presents the next in its Career Webinar series, Being You is Your Superpower! on Monday, Feb. 28 from 2:00-3:00 p.m. ET.
Sundeep Mathur of Tavant: The Technology-Enabled Loan Officer
One of the primary lessons of the COVID-19 crisis was that technology is an absolute requirement for business continuity in the mortgage industry and many others. This was a harsh lesson for many as mortgage lenders do not have a solid track record of adopting new technology promptly.
Dealmaker: RADCO Acquires Midtown Atlanta Multifamily for $131M
RADCO Cos., Atlanta, acquired Skyhouse Midtown, a 320-unit, 23-story multifamily building in Midtown Atlanta for $131 million.
FHFA Re-Proposes Updated Eligibility Requirements for Enterprise Single-Family Seller/Servicers
The Federal Housing Finance Agency on Thursday re-proposed minimum financial eligibility requirements for Fannie Mae and Freddie Mac seller/servicers.
January New Home Sales Down 4.5%
January new home sales fell by 4.5% amid supply chain and inventory shortages, HUD and the Census Bureau reported Thursday.
4Q GDP Zips Along at 7% Clip; 2021 GDP Grew by 5.7%
U.S. gross domestic product continued to move along at a brisk clip in the fourth quarter, according to the second (revised) estimate issued Thursday by the Bureau of Economic Analysis.