MISMO, the mortgage industry standards organization, issued its Taxpayer Consent Language, which permits lenders to share tax information received from the Internal Revenue Service with other parties involved in a mortgage transaction.
Category: News and Trends
Luxury Housing Market Stabilizes in 3Q After Weak First Half
Redfin, Seattle, said average sale prices for luxury homes nationwide rose by 0.3 percent year over year to $1.6 million in the third quarter, marking the first time luxury prices did not drop after three straight quarters of declines.
2019 MBA Annual Convention Survey Scorecard
The following report was prepared from the 28 face-to-face surveys I conducted with senior mortgage executives from 28 different firms in Austin, Texas at the MBA Annual Convention held 27-30 October. They are designed to capture the thinking, attitudes and expectations of an industry through one-on-one interviews with execs from, in this instance, 28 different mortgage firms. My goal is to create a microcosm of the industry using the MBA’s membership as the universe.
MBA Announces Two Affordable Housing Advisory Councils
The Mortgage Bankers Association announced formation of two advisory councils as part of its new affordable housing initiative.
Commercial Servicing Software Must be Flexible
Commercial servicing software needs to be flexible and scalable. It must accommodate a variety of loan products; include commercial-specific reporting, payment and escrow administration functionality; and provide support for asset managers.
MBA: 3Q Commercial/Multifamily Borrowing Post Strong Gains
The Mortgage Bankers Association this morning reported commercial and multifamily mortgage loan originations rose by 24 percent in the third quarter from a year ago and by 9 percent from the second quarter.
October Mortgage Credit Availability Index Placeholder Story Here
Mortgage credit availability increased in October, the Mortgage Bankers Association reported this morning.
Home Equity Up; Negative Equity Down
Two recent reports show equity-rich properties have increased strongly this year, while the number of properties with negative equity continue to fall.
Ethan Saxon Joins MBA as Associate Vice President of Legislative Affairs
The Mortgage Bankers Association announced Ethan Saxon joined the association as Associate Vice President of Legislative Affairs, responsible for advocating MBA’s legislative and policy priorities on Capitol Hill, with a primary focus on Democratic members of the United States Senate.
People in the News
The Mortgage Bankers Association promoted Rob Van Raaphorst to Vice President of Communications, responsible for shaping the Association’s overall public affairs strategy as well as overseeing all aspects of media relations, member communications and video content development.