MISMO, the real estate finance industry’s standards organization, announced that it is seeking public comment on the updated Reference Model Version 3 XML General Information Guide.
Category: News and Trends
Incenter’s Piercy, Dowell and Hamrick: Optimizing MSR Trades While Minimizing Risks
Mortgage servicing rights trading has remained brisk thus far in 2023. To help buyers and sellers capitalize on this important strategy while minimizing their risks, MBA NewsLink interviewed Tom Piercy, Managing Director, and Bob Dowell, Managing Director, Analytics, with Incenter Mortgage Advisors and Pamela Hamrick, President of Incenter Diligence Solutions.
MBA Research Roundup June 2023
Each month, MBA Research releases a roundup of recent data, activities and other pertinent developments crucial to the real estate finance industry.
Quote: July 6, 2023
“Mortgage applications fell to their lowest level in a month last week as rates for most loan types
increased.”
–MBA Vice President and Deputy Chief Economist Joel Kan.
Construction Spending Increases for Fifth Consecutive Month
The Census Bureau on Monday reported construction spending increased in May to a seasonally adjusted annual rate of $1,925 billion, 0.9 percent above the bureau’s revised April estimate.
Veterans Optimistic About Homebuying, Survey Finds
Veterans United Home Loans, Columbia, Mo., found 55% of veterans and service members surveyed feel homebuying is within reach.
Construction Spending Increases for Fifth Consecutive Month
The Census Bureau on Monday reported construction spending increased in May to a seasonally adjusted annual rate of $1,925 billion, 0.9 percent above the bureau’s revised April estimate.
Mark P. Dangelo: In an AI Reimagined Financial World, It Begins with the Consumer (Part 3)
Sustainable customer-centric AI for BFSI industry operations requires not just quality data and system interoperability—it demands shifts in mindsets. AI’s implementation must be preceded by a quantum shift of design thinking lead by altered strategy approaches, which move beyond FinTech and RegTech traditional solutions.
Early Registration Deadline August 1: MBA Annual Convention and Expo in Philadelphia
Join thousands of your peers for the original industry event of the year. The MBA Annual Convention & Expo is headed to Philadelphia, October 15-18, and everyone who’s anyone in real estate finance will be there. Will you?
Redfin Finds Relocating Homebuyers Look Far Afield
More than one-quarter of homebuyers nationwide are looking to move to a different metro area, reported Redfin, Seattle.