MISMO, the real estate finance industry’s standards organization, announced the availability of the new MISMO Engineering Guideline (MEG) 24, which outlines the MISMO architecture development and interoperability principles for XML technologies and service requirements as identified by the MISMO constituency.
Category: News and Trends
U.S. Foreclosure Activity Spikes in May
Foreclosure filings–default notices, scheduled auctions or bank repossessions–increased 7% in May from April and 14% from a year ago, reported ATTOM, Irvine, Calif.
Housing Has Affordability, Supply Challenges, Harvard Finds
Housing is currently prohibitively costly for millions of American households, per the Joint Center for Housing Studies of Harvard University’s State of the Nation’s Housing 2023 report
Quote: June 23, 2023
“The recent increase in foreclosure filings nationwide indicates a trend that has been observed throughout the year, and what we have expected to occur.”
–ATTOM CEO Rob Barber.
Deadline July 3: Apply for MBA Education’s Residential Educator of the Year
Applications have opened for MBA Education’s Residential Educator of the Year Award.
Equifax Workforce Solutions’ Chad Whittenberg: Utilizing Instant Verifications Earlier in Mortgage Lending Cycle Provides Value to Lenders, Consumers
If lenders want to stay competitive, they must take a holistic approach that leverages relevant data at every stage of the lending process.
MAA Call to Action: MBA-Supported ‘Trigger Leads’ Bill Introduced; Act Today
Late last week, Rep. John Rose, R-Tenn., introduced H.R. 4198, the Protecting Consumers from Abusive Mortgage Leads Act, which would eliminate abusive trigger leads while preserving their use in appropriately limited circumstances – such as communicating with existing customers.
MBA: Share of Mortgage Loans in Forbearance Drops to 0.49% in May
The total number of loans now in forbearance decreased to 0.49% for May from 0.51% of servicers’ portfolio volume in April, the Mortgage Bankers Association’s monthly Loan Monitoring Survey reported.
People in the News June 23, 2023: Enterprise Community Partners Announces Shaun Donovan as CEO
Enterprise Community Partners, Columbia, Md., named Shaun Donovan its new CEO and President, effective Sept. 1.
Jon Maynell from iEmergent: Think Your Market Is a Barren Desert? Look Again
Sure, you could acquire more companies or recruit hotshot producers to grow-but those strategies take a lot of resources, and their success is far from guaranteed. What if, instead, you found a hidden opportunity within your existing footprint?