The monthly cost burden of purchasing a new home, as interest rates and house prices rose precipitously in 2022, has continued into 2023. Indeed, the most recent Weekly Applications Survey release noted that the 30-year fixed mortgage rate is at 7.67% – the highest level since 2000, and the Federal Housing Finance Agency’s House Price Index shows that house prices continue to appreciate even as interest rates have eclipsed 7%.
Category: News and Trends
Sponsored Content from SWBC: Transforming Your Contact Center for Customer Delight
Empathy is the key to creating meaningful experiences for your members. Here’s why it’s important and what you can try.
Industry Briefs Oct. 13, 2023
Industry news from Valligent, titleLOOK, nCino, FundingShield and Mortgage Cadence.
MISMO Seeks Public Comment on New Engineering Guideline for Extending a Standard MISMO XML Schema
MISMO, the real estate finance industry’s standards organization, today announced that it is seeking public comment on a new MISMO Engineering Guideline (MEG) for Extending a Standard MISMO XML Schema (MEG 0025). The 30-day public comment period runs through November 9, 2023.
Quote: Oct. 13, 2023
“Foreclosure starts are nearly back to where they were two years ago when the federal government lifted a pandemic-related moratorium on most foreclosure filings.”
–ATTOM CEO Rob Barber
MBA NewsLink Q&A with Selene Holdings’ John Vella
MBA NewsLink interviewed John Vella, Chief Revenue Officer for Selene Holdings and its subsidiaries.
MISMO Seeks Public Comment on eVault Standards and SMART Doc Validation Rules
MISMO, the real estate finance industry’s standards organization, yesterday announced that it is seeking public comment on the new eVault Standards and SMART Doc Validation Rules documents created to help provide clarity to eVault interoperability for all parties in a real estate transaction. The 30-day public comment period runs through Nov. 7, 2023.
ConcertMBA Presents: Tim McGraw
Fresh off his announcement that Tim McGraw is headlining his 2024 “Standing Room Only Tour,” the three-time Grammy Award-winning star will take the Concert MBA stage at MBA’s Annual Convention & Expo (MBA Annual23) in Philadelphia on Tuesday, October 17.
Sponsored Content from QC Ally: Ditch Perfection: Embrace Your Flaws to Strengthen Your QC Processes
The risk – and cost – associated with repurchases is a heavy burden to bear, and quality control (QC) professionals carry that weight daily. Because of this, QC teams strive for perfection, which can be a slippery slope.
Cenlar’s Lori Pinto, CMB: Delivering the Best Homeowner Experience
The only constant in the mortgage marketplace has been a lot of change – and that change is happening fast. As a result, there’s been an ever-increasing demand that those of us who service home mortgages need to pivot quickly to adapt and, as always, remain committed to putting the homeowner first.