“Rates are still elevated, affordability remains a challenge, and yet we’re seeing steady demand.”
–MCT’s Andrew Rhodes
Category: News and Trends
MISMO Issues New Specification to Support Appraisal Ordering Ahead of Upcoming Appraisal Changes
MISMO, the real estate finance industry’s standards organization, announced the publication of a new Appraisal Procurement Dataset Specification designed to facilitate and standardize the ordering of property services including appraisals.
MISMO Boston Spring Summit Livestream and Virtual Access to Workgroup Meetings
If you could not make it to Boston this week, join us virtually at the MISMO Summit and learn what’s hot in mortgage standards.
Commercial Property Pricing Holding Firm, Green Street Finds
Green Street, Newport Beach, Calif., reported commercial property prices increased 0.6% in May.
Upcoming MBA Education Webinars
All MBA Education webinars are free for MBA members. Use this valuable member benefit to get up to speed on the latest in mortgage banking.
Quote of the Day
“Credit supply increased to its highest level since August 2022, driven by growth in the supply of both conventional and government loans, as lenders offered a greater variety of loan types to support the spring homebuying season,”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist.
MBA: Mortgage Credit Availability Increased in May
Mortgage credit availability increased in May according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology.
About the Accredited Mortgage Professional (AMP) Designation
When you graduate from MBA Education’s School of Mortgage Banking (SOMB), you become an Accredited Mortgage Professional (AMP). This designation recognizes the achievements of individuals in the single-family real estate finance industry for their pursuit of educational excellence, high ethical standards, and commitment to professionalism.
KBRA Says CMBS 2.0 Office Exposure Rising
Kroll Bond Rating Agency, New York, reported the five-year trend of conduit office exposure declining reversed in first quarter, with exposure rising to 16.3% from 13.9% in Q1 2024 and 15.4% for the full-year 2024.
ATTOM: Mortgage Originations Fall in Q1
ATTOM, Irvine, Calif., released its Q1 2025 U.S. Residential Property Mortgage Origination Report, highlighting that there were 1.4 million mortgages secured by residential property in the period. That’s a 14% drop from Q4 2024.