Pending home sales shrunk 2.7% in May the National Association of Realtors reported Thursday.
Category: News and Trends
Quote: July 3, 2023
“Warehouse lending is an essential and irreplaceable form of liquidity for the mortgage market – connecting Wall Street to Main Street to provide broad mortgage credit access for borrowers across the country.”
–MBA President & CEO Robert Broeksmit, CMB, in “To The Point With Bob” last week
CoreLogic: Mortgage Performance Still Strong in April
CoreLogic, Irvine, Calif., released its Loan Performance Insights Report for April, showing that despite some small upticks in certain areas, mortgage delinquencies remain near record lows
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.
Yardi Matrix: Multifamily Rents See Small Growth in First Half of 2023
Yardi Matrix, Santa Barbara, Calif., found multifamily asking rents grew $17, or 0.9%, with year-over-year growth decelerating to 2.6% through the first five months of 2023.
ServiceMac’s Bob Caruso: How Technology is Rapidly Transforming Mortgage Servicing
The servicing industry continues to evolve and adapt as market conditions change. Given the market shifts, servicers can focus on technology advancements to maximize operational efficiency, manage risk and remain compliant, while providing superior customer service. In fact, the latest advancements in servicing technology are changing the way mortgages are serviced.
MISMO Seeks Public Comment on Updated Version 3 XML Reference Model General Information Guide
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.
April Indexes Show Solid but Mixed Results for Home Prices
The Federal Housing Finance Agency’s seasonally adjusted House Price Index for April showed a 3.1% increase in home prices year-over-year, and a 0.7% increase from March.
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.
Pending Home Sales Shrink
Pending home sales shrunk 2.7% in May the National Association of Realtors reported Thursday.