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.
Category: News and Trends
MISMO Releases Updated Reference Model Version 3.5 YAML Files
MISMO, the real estate finance industry’s standards organization, today announced that an updated set of Reference Model Version 3.5 YAML Files has reached “Candidate Recommendation” status, which means that it has been thoroughly reviewed by a wide range of organizations and industry participants and is available for use across the industry.
Industry Briefs Aug. 23, 2023
Industry briefs include a notice from federal agencies that aid for those affected by the Hawaii wildfires is ongoing, as well as releases from Asurity Partners, Cenlar and Firstline Compliance.
MBA Weekly Survey Aug. 23: Mortgage Applications Decrease
Mortgage applications decreased 4.2 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending August 18, 2023.
MBA Annual: American Leadership Session Oct. 16
Hear from top leaders of distinctly American institutions, foundational to our economy and housing ecosystem during this session, Monday, Oct. 16 from 10:30 AM-11:45 AM.
Freedom Mortgage, Radian Group Inc. Commit $1.1 Million to MBA Opens Doors Foundation
The MBA Opens Doors Foundation announced that Freedom Mortgage and Radian Group Inc. have each extended their four-year commitment of support to the MBA Opens Doors Foundation, cementing the Foundation’s alliance with Children’s Hospital of Philadelphia (CHOP).
MBA: Share of Mortgage Loans in Forbearance Decreases to 0.39% in July
The Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed the total number of loans now in forbearance decreased by 5 basis points from 0.44% of servicers’ portfolio volume in the prior month to 0.39% as of July 31.
Quote: Aug. 24, 2023
“Prospective homebuyers continued to face challenging conditions in July, with elevated and volatile mortgage rates and low housing inventory serving as a formidable one-two punch that suppressed mortgage applications and sales activity.”
–Edward Seiler, MBA’s Associate Vice President, Housing Economics, and Executive Director of the Research Institute for Housing America.
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.
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.