Quote: July 15, 2024

“Despite the stress of higher-for-longer mortgage rates, demand and pricing for distressed properties sold at auction remains strong, an indication that retail home prices will continue to rise in the next three to six months.”
–Auction.com President Ali Haralson

MISMO Seeks Public Comment on the SMART Doc V3 Sample Package

MISMO, the real estate finance industry’s standards organization, today announced that it is seeking public comment on the SMART Doc V3 Sample Package. The 60-day public comment period runs through September 8, 2024.  

Industry Briefs, July 15, 2024

Industry news from Talk’uments, nCino, Vice Capital Markets, Chevron Federal Credit Union, Blue Sage and FICO.

ATTOM Finds Foreclosure Activity Down From a Year Ago

ATTOM, Irvine, Calif., found 177,431 U.S. properties with foreclosure filings in the first six months of 2024, down 4.4% from first-half 2023 but up 7.8% from the same period two years ago.