Existing home sales dropped in October, the National Association of Realtors reported Tuesday.
Category: News and Trends
MISMO Publishes New Engineering Guideline for Extending a Standard MISMO XML Schema
MISMO, the real estate finance industry’s standards organization, announced the publication of the new MISMO Engineering Guideline (MEG) for Extending a Standard MISMO XML Schema (MEG 0025).
Dealmaker: BWE Secures $15M for Affordable, Senior Housing Using RAD for PRAC Program
BWE, Cleveland, secured $15.2 million in permanent loans to finance three affordable and senior housing communities in Austin, Texas, Douglasville, Ga. and Mobile, Ala.
Quote: Nov. 22, 2023
“Most mortgage rates in our survey decreased, with the 30-year fixed mortgage rate
decreasing to 7.41 percent, the lowest rate in two months.”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist.
MBA DEI Playbook Member Resource
MBA and its member companies continue to make significant strides in furthering diversity, equity and inclusion (DEI) within the real estate finance industry. It is our collective mission to ensure that our industry’s workforce reflects the communities we serve.
MBA: Share of Mortgage Loans in Forbearance Decreases to 0.29% in October
The Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 2 basis points from 0.31% of servicers’ portfolio volume in the prior month to 0.29% as of Oct. 31, 2023.
RE/MAX: Inventory Grows While Declines in Sales, New Listings Soften
Seasonal declines in home sales and new listings softened in October while inventory grew for a seventh consecutive month, according to RE/MAX, Denver.
Join the MBA Opens Doors Foundation’s #GivingTuesday Campaign
Join the MBA Opens Doors Foundation for #GivingTuesday, a global movement of generosity and kindness. On November 28, come together with industry colleagues to help keep families with critically ill or injured children in their homes. All it takes is one act of kindness at a time.
People in the News, Nov. 22, 2023
Personnel news from Fannie Mae, Freddie Mac, Mortgage Machine Services and Mobility Market Intelligence.
MBA Chart of the Week: IMB Average Unrestricted Cash & Cash Equivalents
MBA Research recently released the third quarter results of its Quarterly Mortgage Bankers Performance Report. The results showed that independent mortgage banks and bank subsidiaries reported a pre-tax net loss of $1,015 on each loan they originated in the third quarter of 2023, an increase from the reported loss of $534 per loan in the second quarter of 2023.