Things get quieter for the next few weeks in Washington (we think) with the holidays upon us.
Category: News and Trends
Executive Outlook 2020: Fintech and Data Analytics in Origination, Servicing and the Secondary Market
MBA NewsLink looks at 2020 with perspectives on mortgage technology from several industry executives: Pat Stone of Williston Financial Group; Mike Seminari and Seth Sprague, CMB, of STRATMOR Group; Raymond Eshaghian of Greenbox Loans; and Jane Mason of Clarifire.
House, Senate Pass 2020 Appropriations Bill with Key MBA Priorities
The Senate yesterday afternoon passed a $1.4 trillion spending package that will fund the federal government through fiscal year 2020 and avoid another government shutdown.
IRS Issues Clarification on Taxpayer Consent, Disclosure Requirements
The Internal Revenue Service yesterday posted a clarification on the effective date of new taxpayer consent and disclosure requirements needed to obtain and share IRS tax transcript information with investors, servicers and due diligence firms.
Home Prices, Values Up; Inventories Down; Credit Scores Improve
Zillow, Seattle, said despite slowing home price growth, home buyers are still feeling the pinch because of low housing inventories and rising rents. In a separate report, Redfin, Seattle, said home price value continued to accelerate, reaching their highest levels since July 2018.
Dan Sogorka of Cloudvirga on Mobile Technology and the Digital Mortgage
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.
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.