Redfin, Seattle, released a report highlighting that newly built apartments are filling up at the slowest pace since the first quarter of 2020.
Category: News and Trends
Francesco Paola of Mozaiq.ai: Gen-AI and Mortgage Lending–All Hype or All Real?
The moral of the story: there are use cases in mortgage fulfillment and servicing where Gen-AI delivers tangible benefits without compromising security, accuracy, and the lender’s reputation; one can trust, but one must verify.
About MISMO’s 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.
‘Sandwich Generation’ Sees Pros, Cons for Home Ownership, Realtor.com Survey Finds
Realtor.com, Santa Clara, Calif., recently conducted a survey that shed more light on the homebuying behavior of the “Sandwich Generation”–Americans who are taking care of their children and aging parents (or sometimes grandparents) simultaneously.
GSEs, FHFA, HUD Implement ROV Requirements–What Lenders Need to Know: ICE’s John Holbrook
In May, Fannie Mae, Freddie Mac and the Federal Housing Finance Agency announced the implementation of new lender requirements for reconsiderations of value, effective Aug. 29. Here’s what lenders should know.
Quote: July 2, 2024
“Recently, investors have issued several new loss mitigation programs to address challenges presented by today’s higher interest rates. For this reason, MBA urges greater collaboration and cooperation among the federal housing agencies when developing and implementing these extensive new policies.”
–MBA President and CEO Bob Broeksmit, CMB
MISMO Seeks Public Comment on Updates to Remote Online Notarization Standards
MISMO, the real estate finance industry’s standards organization, is seeking public comment on the updated Remote Online Notarization Standards V2 document.
MBA Chart of the Week: Value of Private Construction Put-in-Place
Physicists have protons, neutrons, and electrons. Biologists have DNA and RNA. And economists have supply and demand — the building blocks upon which most of our understanding of markets rest.
MBA Advocacy Update: Supreme Court Strikes Down Chevron Deference; MBA Leads Coalition Letter on Ginnie Mae Funding; FHFA, HUD News
This week’s top legislative and policy news from the Mortgage Bankers Association.
ICE: Mortgage Performance Remains Strong in May First Look
Intercontinental Exchange, Atlanta, released a first look at May mortgage data, finding the national delinquency rate fell to the second lowest point on record.