MISMO, the real estate finance industry’s standards organization, published the Data Governance and Management Program Implementation Resource Package, which includes a series of templates, guides and educational resources that can be used to establish a Data Governance and Management program within an organization.
Category: News and Trends
Boxwood Means Finds Promising Results for Small-Cap Retail in Q2
Boxwood Means, Stamford, Conn., found small-cap retail in Q2 flourished, per an analysis of CoStar occupancy data involving small retail buildings under 50,000 square feet.
MBA: Home Equity Lending Volume Rose in 2022 as Home Renovations Drive Demand
Originations of open-ended Home Equity Lines of Credit and closed-end home equity loans increased 50% in 2022 compared to two years earlier. This is according to the Mortgage Bankers Association’s Home Equity Lending Study, released for the first time since 2020.
Dealmaker: Northmarq Announces Deals in Minneapolis, Memphis
Northmarq, Minneapolis, closed deals to refinance properties in Minneapolis and Memphis, Tenn.
MBA Weekly Survey July 26: Mortgage Applications Decrease
Mortgage applications decreased 1.8 percent from one week earlier, per the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending July 21, 2023.
Industry Briefs July 26, 2023
Industry briefs from Freddie Mac, Down Payment Resource, Experian and Floify.
Today and Tomorrow: Credit Score Changes Webinar Series: FICO 10T Model and VantageScore 4.0
MBA Education’s Credit Score Changes Webinar Series includes webinars about FICO 10T Model on July 26 and VantageScore 4.0 on July 27.
Devin Daly of TRUE: AI is Changing Quality Control and Transforming the Mortgage Industry
MBA NewsLink interviewed Devin Daly, Chief Revenue Officer with TRUE, about how AI is transforming the mortgage industry.
Quote: July 26, 2023
“Home renovations and remodeling drove demand for home equity products in 2022, with roughly two-thirds of borrowers citing it as a reason for applying for a home equity loan.”
–Marina Walsh, CMB, MBA Vice President of Industry Analysis.
Tavant’s Shannon Johnson on Rethinking HELOCs: Embracing Innovation in the Evolving Mortgage Industry
The mortgage industry has witnessed significant changes in recent years, challenging lenders and servicers to adapt to new market dynamics. As interest rates shifted, offering unique opportunities and posing new challenges, the home equity line of credit has emerged as a thought-provoking tool in the mortgage space.