“The dynamics influencing the U.S. housing market appear to continuously work against everyday Americans, potentially to the point where they could start to have a significant impact on home prices.”
–ATTOM CEO Rob Barber
Category: News and Trends
MBA’s RIHA Commemorates 10-Year Anniversary of RIHA’s Special Report on the History of Mortgage Banking
The Mortgage Bankers Association’s (MBA) Research Institute for Housing America (RIHA) is re-releasing Mortgage Banking in the United States, 1870-1940, to commemorate the 10-year anniversary of the renowned white paper.
Allegion Finds Young Multifamily Residents Value Tech, Post-COVID Lifestyle Changes
Allegion U.S., Carmel, Ind., a security products company, released a survey identifying trends for young multifamily renters and owners, revealing an increased adoption of smart home technology and data on which amenities are valued.
ClearValue Consulting’s Don Juhl on the Latest in Appraisal Automation
MBA NewsLink spoke with Don Juhl, the CEO of ClearValue Consulting about the current status of automated appraisal technology.
Demystifying eMortgage Myths with MISMO’s eMortgage Community of Practice Oct. 24
There are truths and falsehoods about eMortgages. Join the MISMO eMortgage Community of Practice for a webinar that will discuss the common misunderstandings about eMortgages and what is being done in the industry to overcome them.
Snapdocs Survey: eClosing Tech Investment Outpaces Adoption
Digital closing provider Snapdocs, San Francisco, conducted a survey on lenders’ use of eClosing technology. It found that 74% of lenders have invested in the tech, but only 28% of those offering such services have achieved an adoption rate over 60%.
ServiceMac’s Bob Caruso: Take Advantage of a Heightened MSR Purchase/Transfer Market
As interest rates remain high and the long-term market outlook is uncertain, lenders are evaluating strategies to strategically grow their mortgage portfolios. As a result, many organizations are selling off portfolios to aggregators, which has led to a heightened level of mortgage servicing rights (MSR) purchases and transfers. For lenders looking to purposefully grow their mortgage portfolios, the increase in MSR activity presents a unique opportunity.
MBA: Mortgage Application Payments Increased Slightly to $2,170 in August
Homebuyer affordability declined in August with the national median payment applied for by purchase applicants increasing to $2,170 from 2,162 in July according to the Mortgage Bankers Association’s Purchase Applications Payment Index.
Dealmaker: JLL Arranges $96.5M Construction Loan in Arizona
JLL Capital Markets, Chicago, originated a $96.5 million construction loan for a logistics development in Glendale, Ariz., near Phoenix.
CFPB: Overall Mortgage Lending Falls Amid Rising Interest Rates, Discount Points
Mortgage applications and originations declined markedly in 2022 from the prior year, while rates, fees, discount points and other costs increased, the Consumer Financial Protection Bureau reported.