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.
Category: News and Trends
Quote: Oct. 12, 2023
“A noteworthy trend is that a full third of all home purchases transpire through all-cash transactions, underscoring the persistence of home-buying activity.”
–Reena Agrawal, research economist at Veros Real Estate Solutions.
MBA Weekly Survey Oct. 11: Mortgage Applications Increase
Mortgage applications increased 0.6 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending October 6, 2023.
Trepp: Special Servicing Rate Climbs in September
Trepp, New York, reported the CMBS Special Servicing Rate increased by 20 basis points in September, up to 6.87%.
KBRA: Older Office Buildings Struggling
KBRA, New York, said in the current office environment, older buildings are seeing particular challenges.
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.
Rents Largely Flat in September, RealPage, Redfin Find
According to RealPage Analytics, Richardson, Texas, and Redfin, Seattle, rents were fairly flat in September.
Trepp: Special Servicing Rate Climbs in September
Trepp, New York, reported the CMBS Special Servicing Rate increased by 20 basis points in September, up to 6.87%.
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.
MBA’s CONVERGENCE Initiative Expands Into Philadelphia
Housing in Philadelphia is increasingly expensive and out-of-reach for many minority homebuyers – but MBA and its partners are working to change that dynamic.