Daniel Sogorka is CEO of Cloudvirga, Irvine, Calif., He has more than 20 years of experience leveraging technology to remove inefficiency and lower costs in the mortgage space.
Category: News and Trends
Commercial/Multifamily Briefs
Enterprise Community Partners and Wells Fargo launched the Housing Affordability Breakthrough Challenge, an initiative designed to spark new housing affordability ideas.
November Existing Home Sales Drop 1.7%
Existing home sales fell in November, the National Association of Realtors reported yesterday, putting a damper on what had otherwise been a strong month for housing market performance.
MISMO Updates eMortgage Closing Guide and eMortgage Glossary
MISMO®, the mortgage industry standards organization, is seeking feedback on recent updates MISMO has made to its eMortgage Closing Guide and related eMortgage Glossary.
Residential Briefs
Ginnie Mae, Washington, D.C., said issuance of its mortgage-backed securities totaled $56.09 billion in November, providing financing for more than 216,352 homeowners and renters.
Housing Market Update
Reports from ATTOM Data Solutions, Redfin, Zillow, RE/MAX and Ellie Mae.
MBA Opens Doors Foundation Announces Alliance with Children’s Hospital of Philadelphia
The MBA Opens Doors Foundation announced a new alliance with Children’s Hospital of Philadelphia, establishing Opens Doors’ first collaboration with a Pennsylvania-based hospital.
MBA: 3Q Commercial/Multifamily Mortgage Debt Increases By $75.7 Billion
Commercial/multifamily mortgage debt outstanding rose by $75.7 billion (2.2 percent) in the third quarter, the Mortgage Bankers Association reported this morning.
Mortgage Applications Down in MBA Weekly Survey
Mortgage applications fell from one week earlier as key interest rates hovered just under 4 percent, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending December 13.
MBA, Trade Groups File Amici Brief on Constitutionality of CFPB Structure
The Mortgage Bankers Association, the National Association of Realtors and the National Association of Home Builders this week filed a neutral amici brief with the U.S. Supreme Court in a case that could determine the future structure of the Consumer Financial Protection Bureau.