MISMO®, the real estate finance industry’s standards organization, made significant enhancements to the MISMO Business Glossary, an online resource of mortgage industry business terms and data point descriptions.
Category: News and Trends
Quote
“The economy and job market are recovering, but the 2.7 percent decline in existing home sales in April is another indication that the housing inventory shortage continues to restrain sales growth. The insufficient level of inventory amidst fierce competition is putting upward pressure on home prices in most parts of the country.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
Omar Jordan of LenderClose on the Evolving Home Equity Loan Market
Omar Jordan is Founder and CEO of LenderClose, West Des Moines, Iowa, a fintech that equips loan originators with the workflows needed to boost efficiencies and shorten the lending cycle through streamlined and meaningful integrations. He founded LenderClose in 2015.
Stanley Middleman: As We Overcome the Challenges of 2020, Hope Lies Ahead
One third of the way into 2021 we find ourselves immersed in questions and wonderment as to what the future of the residential finance business will look like. Originators join with servicers, investors, and borrowers all wondering what comes next. What does our future hold?
Joe Zeibert of Nomis Solutions on the Upcoming ‘Great Reshuffling’
Joe Zeibert is Managing Director of Global Lending Solutions with Nomis Solutions, Brisbane, Calif. He works closely with clients around the world to identify new mortgage and other consumer lending opportunities.
Seven Takeaways from MBA’s Affordable Rental Housing Summit
Significant affordability challenges exist across the country and the issue is a top priority for the Biden Administration. In April, the Mortgage Bankers Association virtually convened business and policy executives for a series of conversations on the 2021 affordable rental housing landscape. Here are some key takeaways from that event.
MISMO Updates Business Glossary
MISMO®, the real estate finance industry’s standards organization, made significant enhancements to the MISMO Business Glossary, an online resource of mortgage industry business terms and data point descriptions.
Black Knight: Delinquency Rate Falls Below 5% for First Time Since Pandemic
Black Knight, Jacksonville, Fla., said the national mortgage delinquency rate fell by more than 7 percent in April to below 5 percent for the first time since onset of the coronavirus pandemic.
RE/MAX: April Home Sales Set New Highs
For want of inventory, this spring home-buying season would be one for the ages. As it is, said RE/MAX, Denver, sales are doing pretty well, regardless.
Initial Claims at 14-Month Low
Initial claims for mortgage insurance fell by another 34,000 last week, their lowest level since March 2020, the Labor Department reported Thursday.