New single-family home sales for July hit a seasonally adjusted annual rate of 714,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development said in a release.
Category: News and Trends
Sponsored Content: PCV Murcor Offering Property Data Collection
PCV Murcor, a nationwide real estate valuations management company, is pleased to announce its addition as an approved service provider for data collection field services to support Fannie Mae’s value acceptance + property data.
MBA: Mortgage Application Payments Flat in July
Homebuyer affordability in July was challenging but mostly unchanged from June, with the national median payment applied for by purchase applicants remaining at $2,162, the Mortgage Bankers Association reported.
Quote: Aug. 25, 2023
“The new version of the SMART Doc 1.02 Standardization Mapping and Implementation Guide will provide helpful guidance to mortgage service providers who are looking to streamline the creation of home equity first lien eNotes.”–MISMO President David Coleman
Opportunity Zone Housing Markets Rebound: ATTOM
Median single-family home and condo prices increased from the first quarter to the second in 61 percent of Opportunity Zones around the country, according to ATTOM, Irvine, Calif.
Sept. 7: Recent LO Comp Enforcement and Supervisory Activity
The Consumer Financial Protection Bureau recently published its Summer 2023 Supervisory Highlights and maybe most importantly for mortgage lenders, there are potential significant changes to how the LO Comp rule is interpreted. Join MBA and industry experts as we walk through the current understanding of the LO Comp guidance and what it means for your policies and procedures.
MBA: Mortgage Application Payments Flat in July
Homebuyer affordability in July was challenging but mostly unchanged from June, with the national median payment applied for by purchase applicants remaining at $2,162, the Mortgage Bankers Association reported.
CBRE Reduces Near-Term Hotel Outlook Due to Softer Summer Demand
CBRE, Dallas, reduced its forecast for hotel performance this year as weaker-than-expected summer demand resulted in a shortfall in Q2 2023 revenue per available room.
New Home Sales Rise in July
New single-family home sales for July hit a seasonally adjusted annual rate of 714,000, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development said in a release.
Existing Home Sales Slip in July
Existing-home sales fell 2.2% in July to a seasonally adjusted annual rate of 4.07 million, the National Association of Realtors reported Tuesday.