“Mortgage companies reported net production profits for the second consecutive quarter after an unprecedented period of net production losses that spanned two years.”
–Marina Walsh, CMB, MBA Vice President of Industry Analysis
Category: News and Trends
Nov. 15 at 1:00 ET–Demo Days: Artificial Intelligence & Machine Learning Solutions
Demo Days are designed to ensure our lender and servicer members have access to the latest technologies, services, and insights from our vendor members.
Chrissi Rhea, Co-Founder of Mortgage Investors Group, Passes Away
Chrissi Callaghan Rhea, Co-Founder and former President and CEO of Mortgage Investors Group, passed away Nov. 8.
Dodge Momentum Index Dips 5% in October
The Dodge Momentum Index, which tracks nonresidential building projects in the planning stage, decreased 5.3% in October to 197.2 from September’s 208.2 reading.
TransUnion: Mortgage Delinquencies Tick Up but Remain Low
TransUnion, Chicago, released its Q3 2024 Credit Industry Insights Report, finding that mortgage delinquencies have slowly begun to increase among consumers.
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 and much more.
DPR Tallies 49 Homebuyer Assistance Programs Specifically for Veterans, Service Members
Down Payment Resource, Atlanta, in recognition of Military Family Appreciation Month in November, highlighted homebuyer assistance programs specifically aimed at veterans and service members.
Quote of the Day
“Chrissi [Rhea] was a pioneer in the industry, co-founding MIG in the late 1980s and leading the company until just a few months ago. She also was an incredibly kind and generous executive.”
–MBA President and CEO Bob Broeksmit, CMB
Dealmaker: BWE Secures $260M for Multifamily Portfolio
BWE, Cleveland, secured $260 million to refinance six multifamily properties in the Austin, Texas, Portland, Ore., Charlotte, N.C. and Denver, Colo. metros.
Mortgage Lenders Benefit From Helping Customers Navigate Tough Housing Market, J.D. Power Finds
Persistently high rates combined with rising house prices have put a strain on mortgage customers, buts some lenders have turned those challenges into opportunity and earned high marks for customer satisfaction, according to J.D. Power, Troy, Mich.