MISMO®, the real estate finance industry’s standards organization, seeks participants for an initiative focused on standardizing pre-closing title document datasets to streamline the business process and improve efficiency.
Category: News and Trends
Brian Hale of Mortgage Advisory Partners on the Current Market for Consultants
Brian Hale, a mortgage industry executive with more than 40 years of experience, recently launched a new consultancy business, Mortgage Advisory Partners, Newport Coast, Calif.
Keeping Current With Midland Loan Services’ David Harrison
David Harrison is Chief Operating Officer with Midland Loan Services, Overland Park, Kan. He has a broad background in commercial real estate, including capital markets, asset management, underwriting, workouts, business development and client relations.
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“The outlook for new-home sales is largely dependent on the amount of new construction being built and the demand for new homes. Demand remains strong, as millennials continue to age into their prime home-buying years, rates remain low and the economy improves. The lack of existing homes for sale to meet this growing demand nationwide is supportive of new construction. Yet, as we know, builders are facing supply-side headwinds that make it more difficult and costly to build.”
–Odeta Kushi, Deputy Chief Economist with First American Financial Corp., Santa Ana, Calif.
MBA Announces 2022 Affordable Rental Housing Advisory Council
The Mortgage Bankers Association announced members of its 2022 Affordable Rental Housing Advisory Council. The Advisory Councils on affordable rental housing and affordable homeownership were formed in 2019 to provide important strategic and practical guidance to MBA’s CONVERGENCE Initiative, the association’s affordable housing effort.
MBA Weekly Applications Survey Nov. 24, 2021: A Pickup in Activity Ahead of Holiday
Mortgage applications increased modestly last week despite an uptick in mortgage interest rates, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending November 19.
MBA Letter Offers Recommendations to FHFA Proposed Regulatory Capital Framework
The Mortgage Bankers Association, in a Nov. 23 letter to the Federal Housing Finance Agency, offered a series of recommendations to improve a proposed regulatory capital framework rule for Fannie Mae and Freddie Mac.
Housing Market Cools, But Relief for Homebuyers Short-Lived
Redfin, Seattle, said median home price appreciation slowed again in October, but provided little relief for homebuyers who have seen double-digit price increases over the past two years.
FHFA: GSEs Sell $25 Billion in NPLs through 3Q
The Federal Housing Agency reported Fannie Mae and Freddie Mac sold nearly 131,000 non-performing loans with a total unpaid balance of $24.5 billion through June 30.
Slow Payments Cost Construction Industry $136B in 2021
Rabbet, Austin, Texas, released its annual 2021 Construction Payments Report, which found general contractors and subcontractors estimate that the cost of floating payments for wages and invoices represents $136 billion in excess cost to the industry, a 36 percent increase from the cost reported in 2020.