Low inventories and strong buyer demand helped push builder confidence higher for the third consecutive month even as supply-side challenges – including building material bottlenecks and lot and labor shortages – remain stubbornly persistent, the National Association of Home Builders reported Tuesday.
Category: News and Trends
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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“Activity has been particularly sensitive to rate movements, and last week’s decline was driven by a drop in conventional and FHA refinance applications, which offset an increase in VA refinance applications.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
MBA: October New Home Applications Up 6% From September, Down 15.2% from Year Ago
The Mortgage Bankers Association’s Builder Application Survey data for October show mortgage applications for new home purchases increased by 6 percent from September, but decreased by 15.2 percent from a year ago.
COMBOG Corner: Interview with StanCorp’s Amy Frazey
Commercial real estate lending markets are on a tear heading into the last months of 2021. Life insurance companies are one of many capital sources benefiting from improved transaction volumes and economic fundamentals.
FHA Actuarial Report: Capital Ratio Grows to 8.03%; HECM Ratio Positive for First Time Since 2015
HUD on Monday released its fiscal year 2021 report to Congress on the financial health of the Federal Housing Administration Mutual Mortgage Insurance Fund, showing a nearly 2 percent increase in the fund’s capital ratio to more than 8 percent, well above its congressionally mandated minimum of 2 percent.
MBA CONVERGENCE Partner Profile: Stephanie Moulton
The Ohio State University is a key leader in CONVERGENCE Columbus; Dr. Stephanie Moulton is the co-lead of the Evaluation Framework Working Group for CONVERGENCE Columbus.
Faith Schwartz of Housing Finance Strategies: Three Keys to the Future of Appraisal
There can be no debate that bias must be eradicated from the collateral valuation process. While some may question the cause or amount of bias, the fact is we need to eliminate any bias from the system.
Mark P. Dangelo: Coming to a Store Near YOU, the Low-Code/No-Code Revolution
The time to effectively transform our analysis of all things digital is being reduced from months to days. The revolution and rapid embrace of low-code/no-code solutions by giant Walmart will set off multiple tangential strategies to influence the consumer—all in the hands of newly empowered, front-line domain experts.
Rick Triola of NotaryCam: Worried About RON Storage? Stream It
Both Fannie Mae and Freddie Mac have updated their selling guides to state that lenders must retain the audio-video recording of the RON transaction for the greater of either (a) the minimum period required by the state in which the notary is licensed or (b) 10 years. This guideline has left a lot of lenders wondering just how to store all that audio-video footage…and spurred a new crop of vendors ready to meet this “need.”