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Category: News and Trends
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
“Most sectors within the economy showed modest job growth. Unsurprisingly, given the DOGE headlines, federal government payrolls decreased by 4,000 over the month, with further decreases anticipated.”
–MBA SVP and Chief Economist Mike Fratantoni
U.S. Adds 228,000 Jobs in March; Industry Economists Weigh In
Total nonfarm payroll increased by 228,000 in March, the U.S. Bureau of Labor Statistics reported.
MBA Calls on VA, Congress to Implement Permanent Partial Claim Program to Assist Veteran Homeowners at Risk of Foreclosure
MBA President and CEO Bob Broeksmit, CMB, commented on the Department of Veterans Affairs’ reported plans of a phase-out of its Veterans Affairs Servicing Purchase program.
Today’s Pace of Home Sales is Weaker Than Many Realize
Mark Fleming, chief economist at First American, writes that comparing the pace of home sales today to past decades without considering the growing number of households is misleading.
Newslink Q&A: LERETA’s Chief Strategy Officer Randy Kozlowski
MBA NewsLink recently interviewed LERETA Chief Strategy Officer Randy Kozlowski about escrow management.
Multifamily Performance Solid in March, Yardi Matrix Finds
Yardi Matrix, Santa Barbara, Calif., found the average U.S. advertised multifamily asking rent grew $5 nationally in March to $1,755.
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Quote of the Day
“Halting the VASP program will increase the number of veterans facing foreclosure unless the VA and Congress implement a permanent partial claim option as soon as possible.”
–MBA’s President and CEO Bob Broeksmit, CMB