The Residential CMB Online Prep Course is a seven-week instructor-guided web-based course designed to prepare Residential CMB candidates for the written exam. The course is taught by CMB designees and is offered in a blend of self-study and webinar format. A kick-off call plus six additional weekly webinar meetings, held on Friday afternoons, allow for the participants to interact with the instructors and each other.
Category: News and Trends
MBA’s Broeksmit: Why Mortgage Rates Continue to Rise and What Can Be Done
As mortgage rates reached 23-year highs in MBA’s latest Weekly Applications Survey and application activity fell to a low last seen in 1996, MBA President and CEO Robert Broeksmit, CMB, issued the following statement.
People in the News, Oct. 6, 2023
Jacky Salazar, Director for Commercial/Multifamily Finance at the Mortgage Bankers Association, has been selected to join the Latinas In The Boardroom National Steering Committee.
Mississippi Has the Most Single Homeowners, Study Shows
All Star Home, Raleigh, N.C., analyzed U.S. Census Bureau data to determine which states have the largest percentage of single homeowners–with Mississippi coming in on top and Utah with the fewest.
Fannie Mae: Mortgage Lenders Cite Operational Efficiency as Primary AI Motivation
Mortgage lenders overwhelmingly cited improving operational efficiency as their primary motivation for adopting Artificial Intelligence/Machine Learning, reported Fannie Mae, Washington, D.C.
Fitch Ratings: Life Insurers Can Withstand Commercial Real Estate Deterioration
Fitch Ratings, New York, said U.S. life insurers’ ratings are not currently at risk from commercial real estate exposure, due to insurers’ stable investment portfolios, conservative underwriting, strong liquidity and effective asset-liability management.
MISMO Releases Standardized Dataset for Efficient Exchange of VA Verification of Benefits Information
MISMO®, the real estate finance industry’s standards organization, announced that the industry standard dataset mapping for the U.S. Department of Veterans Affairs (VA) Verification of VA Benefits (Form 26-8937) has reached “Candidate Recommendation” status, which means it has been thoroughly reviewed by a wide range of organizations and industry participants and is available for use across the industry.
Veros Projects 2.2% Home Value Appreciation
Veros Real Estate Solutions, Santa Ana, Calif., projects home values will appreciate 2.2% over the next 12 months.
Modex’s Dale Larson III: Beyond CRA–Five Reasons the Mortgage Industry Should Leverage Data on Population Diversity, Minorities and Underserved Communities
While compliance with CRA regulations continues to be a major priority, financial institutions must recognize the importance of diversity, minority inclusion and support for underserved communities as a critical component of their overarching strategy.
High Rates, Low Supply Drag Down Mortgage Volume in MCT October Indices Report
Mortgage Capital Trading, San Diego, found a significant 13.2% dip in mortgage lock volume in September.