For mortgage lenders, constantly changing laws and regulations can make staying current with compliance requirements time-consuming and costly. It takes a collaborative effort to stay on top of it all, and everyone within your organization plays a crucial role.
Category: News and Trends
Quote: Nov. 29, 2023
“There was a slight increase in applications overall, driven by a five percent increase in purchase applications, but refinance applications decreased over the week.”–Joel Kan, MBA’s Vice President and Deputy Chief Economist
FHFA: U.S. House Prices Rise 5.5% Over the Last Year
U.S. house prices rose 5.5 percent between September 2022 and September 2023, according to the Federal Housing Finance Agency’s House Price Index report released Tuesday.
MBA Weekly Survey Nov. 29: Mortgage Applications Increase
Mortgage applications increased 0.3 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending November 24, 2023.
Silverwork Solutions’ Michael Kaysen: New Cost Containment and Preparing for When the Market Turns
We are seeing “Leading lenders” using automation to solve the paradox of how to invest in tech during challenging times and realize the benefits of intelligent automation in today’s market.
FHFA Announces Increase to Conforming Loan Limit Values for 2024
The Federal Housing Finance Agency raised the conforming loan limit values for mortgages to be acquired by Fannie Mae and Freddie Mac for one-unit properties to $766,550 in 2024, an increase of $40,350 from 2023.
MISMO Publishes eVault Standards and SMART Doc Validation Rules
MISMO, the real estate finance industry’s standards organization, published the new eVault Standards and SMART Doc Validation Rules documents, which were created to help provide clarity and increase eVault interoperability for all parties in the transaction.
STR, TE Upgrade Hotel Average Daily Rate, Revenue Forecast
STR and Tourism Economics lifted their year-over-year growth projections for hotel average daily rates and revenue per available room in their final hotel forecast revision of 2023.
ICE Mortgage Technology: How to Effectively Navigate the Evolving Mortgage Lending Regulatory Environment-Sponsored Content
For mortgage lenders, constantly changing laws and regulations can make staying current with compliance requirements time-consuming and costly. It takes a collaborative effort to stay on top of it all, and everyone within your organization plays a crucial role.
People in the News, Nov. 29, 2023
Personnel news in the industry from Cenlar, ATTOM and Floify.