Quote of the Day

“Mr. McKernan’s deep regulatory experience at the FDIC, the Federal Housing Finance Agency and the Treasury Department, in private law practice, and as a former Senate staffer–coupled with his background working on housing policy–makes him a strong choice to lead the regulatory reforms necessary to lower compliance costs and pass those savings along to prospective homeowners and renters.”
–MBA letter on the nomination of Jonathan McKernan to be the next Director of the Consumer Financial Protection Bureau

CBRE Forecasts Steady Hotel Sector Growth

CBRE, Dallas, forecasts that hotel revenue per available room will grow steadily in 2025 and urban locations will outperform due to improved travel and the recovery of inbound international travel.

MISMO Seeks Comment on New Appraisal Procurement Dataset Specification

MISMO, the real estate finance industry’s standards organization, announced that it is seeking comment on its new Appraisal Procurement Dataset Specification. The 30-day comment period for this implementation guide runs through March 27, 2025.

About the MISMO Innovation Investment Fee

MISMO, the real estate finance industry’s standards organization, launched the Innovation Investment Fee in 2021 to allow lenders to support the important work necessary to foster efficiency, cost reduction, interoperability, digital transformation and innovation in the mortgage process.

Quote of the Day

“There are more homes for sale right now than in recent years and that has led to buyer’s markets in many areas of the country. That’s good news, but it doesn’t mean homes are getting cheaper—prices continue to tick up each month.”
–Redfin Economics Research Lead Chen Zhao