Mortgage applications decreased 13.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending February 17, 2023.
Category: News and Trends
Mark Walser of Incenter Appraisal Management on Maximizing the Integrity of Remote Appraisals
Mark Walser is President of Incenter Appraisal Management, a national firm providing professional appraisal services and the RemoteVal mobile appraisal inspection technology.
MISMO Introduces New API Toolkit Updates
MISMO, the real estate finance industry standards organization, released MISMO API Toolkit Version 1.1, which includes updates to enhance efficiency in the development of new technologies to benefit the mortgage finance industry.
Dealmaker: Newmark Secures $26M Sale of Cambridge, Mass. Retail Asset
Newmark, New York, sold 330-340 River Street, a 54,226-square-foot retail asset comprising a two-story Whole Foods Market and an adjacent Walgreens in Cambridge, Mass., for $26.4 million.
Existing Home Sales Down 12th Straight Month
Existing home sales fell for the 12th straight month in January, the National Association of Realtors reported Tuesday.
#MBACREF23: Solving America’s Affordable Housing Supply Challenge
SAN DIEGO–The persistent affordable rental housing shortage is growing worse as rents rise faster than incomes in many places, industry practitioners said here at the MBA Commercial/Multifamily Finance Convention & Expo.
Housing Market Roundup: Feb. 22, 2023
Here’s a summary of recent housing industry articles that have come across the MBA NewsLink desk:
Tim Nguyen of BeSmartee: Customer for Life–Think Beyond Customer Service
Today, we’ll redefine what “for life” means in a new way, and in particular focus on the mortgage technology stack that follows your borrower each month for years, and that which will maximize your opportunity to serve again
MBA Advocacy Update Feb. 21, 2023
Last week, MBA joined 10 other trade associations in a letter to the Securities and Exchange Commission requesting an extension to the recently re-proposed Securitization Conflicts of Interest Rule.
MBA Chart of the Week Feb. 17, 2023: Warehouse Lending
According to MBA’s latest Warehouse Lending Survey, warehouse lenders – as of the end of fourth-quarter 2022 – reported an average outstanding balance of $15.4 million per active client on their warehouse lines for first mortgages held for sale. This marks the fifth consecutive quarterly decline in per-client outstandings