While relatively new to the mortgage industry, Interest in application programming interfaces and microservices is soaring. These system-to-system technologies have the potential to tremendously enhance communications between lenders, technology vendors and service providers, much better than the traditional, large-scale integrations to exchange data between monolithic systems that are in use today.
Category: News and Trends
Call for Nominations: MBA NewsLink 2020 Tech All-Star Awards; Deadline Extended to Jan. 17
The Mortgage Bankers Association and MBA NewsLink are accepting nominations for the MBA NewsLink 2020 Tech All-Star Awards. The nomination deadline has been extended to Friday, Jan. 17.
Investor-Driven Lender Growth in CRE Finance
The rise of debt funds, mortgage real estate investment trusts and other players in commercial real estate finance that MBA refers to broadly as “investor-driven lenders” has been at the heart of commercial real estate finance’s narrative this cycle–particularly in recent years.
SRR Settles SAFE MLO Test Questions Lawsuit
The Conference of State Bank Supervisors subsidiary that operates the Nationwide Multistate Licensing System announced it settled a lawsuit against four defendants who were alleged to have misused and reproduced copyrighted questions from the national exam that state-licensed mortgage loan originators must pass to obtain a license.
Millennial Reports: Refi Activity Slows; Homeownership Barriers Persist
Reports from Ellie Mae, Pleasanton, Calif., and Clever Real Estate show millennials continue to struggle in the housing market.
Buying More Affordable than Renting in 53% of Housing Markets
ATTOM Data Solutions, Irvine, Calif., said its 2020 Rental Affordability Report showed owning a median-priced, three-bedroom home is more affordable than renting a three-bedroom property in 455, or 53 percent, of the 855 U.S. counties analyzed.
Bidding Wars Remain at 10-Year Low
Redfin, Seattle, reported just 9% of offers written by its agents on behalf of their home buying customers faced a bidding war nationwide in December, down from 12% a year earlier and setting another new 10-year low.
MBA Weekly Applications: A Tale of Two Surveys
Mortgage applications yo-yoed over the past two weeks, falling by 13 percent over the holiday break before regaining most ground the first week of January, the Mortgage Bankers Association reported in its Weekly Applications Survey for the weeks ending Dec. 27, 2019 and Jan. 3.
CREF Outlook Survey: Majority of Firms Expect Originations to Increase in 2020
Following an anticipated record year of lending in 2019, commercial and multifamily mortgage originators expect 2020 to be another strong year in activity, according to the Mortgage Bankers Association’s 2020 Commercial Real Estate Finance Outlook Survey.
HUD Issues New Proposed Fair Housing Rule
HUD yesterday published its proposed Affirmatively Furthering Fair Housing rule, which it said is intended to offer “clearer guidance” to states and local governments to help them improve affordable housing choices in their community.