With election year uncertainty compounded by an already-volatile mortgage market, lenders rely on accurate and reliable data, with access to verified income and employment data serving as one way to help bring greater certainty even amidst these market factors.
Category: News and Trends
Today: Understanding the CFPB’s Non-Bank Registry
Join MBA Education and industry experts for an overview of the Consumer Financial Protection Bureau’s new registry for non-bank covered persons.
Mortgage Credit Availability Decreased in September
Mortgage credit availability decreased in September according to the Mortgage Credit Availability Index, an MBA report that analyzes data from ICE Mortgage Technology.
MISMO Publishes Mortgage Compliance Dataset
MISMO, the real estate finance industry’s standards organization, announced the Mortgage Compliance Dataset specification has reached “Candidate Recommendation” status, which means that it has been thoroughly reviewed by a wide range of organizations and industry participants and is available for industry use.
Industry Briefs, Oct. 16, 2024
Industry news from Candor Technology, A&D Mortgage, FHA and Calque.
Zillow: Hispanic Homeowners Narrow Home Value Gap to Smallest Margin on Record
Recent Zillow research shows Hispanic homeowners making strides in narrowing the home value gap with white homeowners over the past two years, regaining ground lost during the pandemic.
Quote of the Day
“Mortgage credit availability tightened slightly in September as lenders remained cautious in this uncertain economic environment.”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist
Today: MBA, California MBA Host Free Webinar to Urge Opposition to Rent Control Ballot Initiative
Today at 4:00 PM ET/1:00 PM PT, MBA and the California MBA will hold a free webinar (open to all Mortgage Action Alliance members – whether or not you live in California) in support of their joint “No for Me on Prop 33” campaign to urge members to vote against California’s Proposition 33 (Prop 33).
MBA Education Path to Diversity Scholar Profile: Pavan Chaudhari
One in a continuing series of profiles of participants in the MBA Education Path to Diversity (P2D) Scholarship Program, which enables employees from diverse backgrounds to advance their professional growth and career development.
RentCafe: In Shift, Detroit Tops List of Most Sought-After City for Renters
RentCafe, Santa Barbara, Calif., released its Rental Activity Report for September, finding Detroit took the top spot.