Quote of the Day

“I think federal housing has been underrepresented. I think this room has been underrepresented historically at the federal level.”
–Federal Housing Finance Agency Director Bill Pulte, speaking at MBA’s Secondary and Capital Markets Conference

MISMO Publishes New Tool to Simplify Standards Adoption

MISMO®, the real estate finance industry’s standards organization, today announced the publication of Unique IDs that can be leveraged to streamline impact analysis and to accelerate implementation efforts.

MBA Applauds House Passage of VA Partial Claims Bill

MBA’s President and CEO Bob Broeksmit, CMB, released a statement on the passage of the VA Home Loan Program Reform Act (H.R. 1815) in the U.S. House of Representatives.

Soft Spring Selling Season Takes a Toll on Builder Confidence

Builder confidence has fallen sharply on growing uncertainties stemming from elevated interest rates, building material cost uncertainty and the cloudy economic outlook, according to the NAHB/Wells Fargo Housing Market Index.

IMBs Report Slight Production Losses in First Quarter

Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $28 on each loan they originated in the first quarter, compared to a net loss of $40 per loan in the fourth quarter of 2024, according to MBA’s Quarterly Mortgage Bankers Performance Report.

An MSR Update from MIAC Analytics

For years, conventional wisdom has assumed that “normal” turnover implies a minimum lifetime Conditional Prepayment Rate of 6%. MIAC Analytics Managing Director of MSR Valuations Mike Carnes challenges those assumptions.