MISMO, the real estate finance industry’s standards organization, announced that it is seeking public comment on the updated MISMO Engineering Guideline (MEG) 7. The 30-day public comment period runs through Dec. 8, 2023.
Category: News and Trends
Quote: Nov. 9, 2023
“[Commercial real estate] has consistently outperformed relative to target returns over the long term. Despite short- to medium-term macroeconomic disruption, investor conviction in the asset class remains near its high, and the asset class continues to play an important role in institutional portfolios alongside other alternative allocations including private equity, private credit and venture capital.”
–Douglas Weill, Managing Partner at Hodes Weill & Associates
TRUE’s Ari Gross: Inside the AI Eye: How Machines Accurately Read Borrower Documents
We continually hear about advances in artificial intelligence (AI) the changes to how we live and work. The technology has evolved so much it’s now used for highly complex, more “human” tasks: writing, illustrating, driving a car, even delicate surgery.
MBA Issues Statement on FHFA’s Review of the Federal Home Loan Bank System
Pete Mills, Senior Vice President of Residential Policy and Strategic Industry Engagement at MBA, issued the following statement regarding the release of the Federal Housing Finance Agency’s review of the Federal Home Loan Bank System.
Redfin: Record Share of Home Sellers Drop Asking Prices
Nearly 7% of for-sale homes posted a price drop during the four weeks ending October 29, on average, the highest portion on record, according to Redfin, Seattle.
Nov. 13-14: Build Your MISMO Muscles and Accelerate the Industry’s Digital Future at Boot Camp
MISMO’s popular Boot Camp streamlines the education process for understanding and using the MISMO standard, covering core concepts related to MISMO, including the XML reference model, information on MISMO’s new logical data model, information on how to create specifications for a MISMO implementations, and more.
CBRE: Multifamily Rental Growth Slows in Q3
CBRE, Dallas, found that average multifamily rent growth slowed to 0.7% year-over-year in the third quarter amid an influx of deliveries of new units.
MBA Weekly Survey Nov. 8: Mortgage Applications Increase
Mortgage applications increased 2.5 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending November 3, 2023.
Quote: Nov. 8, 2023
“MBA is disappointed that the report fails to engage in a more meaningful examination of the potential benefits of diversifying the FHLB system through the expansion of membership to other critical providers of mortgage origination, servicing, and investment activities,” –Pete Mills, Senior Vice President of Residential Policy and Strategic Industry Engagement at MBA
Industry Briefs Nov. 8, 2023
Industry news from FHA, CoreLogic, LenderLogix, Down Payment Resource, Ncontracts, findCRA and FormFree.