MISMO, the real estate finance industry’s standards organization, issued a call for industry professionals to join a new development workgroup focused on creating an enhanced replacement for the existing Electronic Data Interchange 260 Application for Mortgage Insurance Benefits.
Category: News and Trends
Quote: Jan. 30, 2024
“I was very intentional when writing the book of putting the steps to homeownership right inside the book. It’s outlined step by step, so any child can understand. And adults obviously can see that roadmap to homeownership.”
–Twala Lockett-Jones, discussing her illustrated children’s book, Princess Mackie Buys a House, at MBA’s Independent Mortgage Bankers conference last week
Realtor Litigation and the Implications for IMBs: #MBAIMB24
NEW ORLEANS–A recent court verdict and related litigation concerning the National Association of Realtors’ Multiple Listing Service rules regarding buyer real estate agent compensation could have significant implications for homebuyers and buy-side real estate agents–the primary source of referral business for most IMBs.
MBA’s Mid-Winter Housing Finance Conference March 10-13
Taking place at the Ritz-Carlton, Bachelor Gulch in the heart of the Colorado Rockies, MBA’s Mid-Winter Housing Finance Conference is your exclusive opportunity to join senior executives from across the country to discuss pressing issues in real estate finance and shape the future of our industry.
MBA Advocacy Update: Coalition Letter on IVES Concerns; GSE News from #MBAIMB24; MBA Pushes for Swift Action on Tax Package
This week’s top legislative and policy news from the Mortgage Bankers Association.
Mortgage Action Alliance Call to Action–Tell Congress to Take Action on H.R. 7024
The Mortgage Bankers Association’s grassroots advocacy arm, the Mortgage Action Alliance, issued a Call to Action on Friday, urging its members contact their elected officials to support housing affordability by urging swift House and Senate action on H.R. 7024 – the “Tax Relief for American Families and Workers Act of 2024.”
Dealmaker: Greystone Provides $18.6M in Freddie Mac Financing for N.C. Property
Greystone, New York, provided an $18.6 million Freddie Mac Optigo loan to refinance a multifamily property in Fayetteville, N.C.
FundingShield: Q4 2023 Analytics Show Significant Risk for Wire, Title Fraud
FundingShield, Newport Beach, Calif., reported wire and title fraud risk reached a high of 51.8% of loans on a $61 billion portfolio having at least one risk issue in the fourth quarter.
MBA Chart of the Week: Annual Origination Loan Counts
MBA’s January 2024 forecast calls for mortgage origination dollar volume to increase 23% in 2024 to $2 trillion, with a 16% increase in purchase and a 50% increase in refinance volume (off an extremely low base in 2023). For mortgage lenders of all types and sizes, as well as other industry players, it is also important to have an estimate of how many origination units are expected.
Quote: Jan. 29, 2024
“MBA and its members have long called for enacting tax provisions that address our nation’s housing affordability crisis and the acute shortage of homes for owning and renting. We support this bill, particularly for its meaningful enhancements to the Low Income Housing Tax Credit that will produce an estimated 200,000 additional rental units over the next two years.”
–MBA President & CEO, Bob Broeksmit, CMB, from a “Call to Action” urging Mortgage Action Alliance members to support H.R. 7024, the bipartisan Tax Relief for American Families and Workers Act of 2024.