The Federal Housing Administration on Friday published Mortgagee Letter 2023-01, Updated Instructions for Single Family Forward Mortgage Model Documents for Government Sponsored Enterprises Security Instrument and Note Updates.
Category: News and Trends
Brian Webster of NotaryCam: A Longer Closing Process Can Save Time and Money, Huh?
An easy way to increase eClosing efficiency would be to increase the length of the closing process.
The Week Ahead, Jan. 23, 2023: IMB23; MBA Loan Monitoring Survey; PAPI
SAN DIEGO—Good morning and happy Monday; we have a busy week ahead of us, so let’s plunge right in:
Dealmaker: Marcus & Millichap Closes $46M Retail, Office Portfolio Sale
Marcus & Millichap, Calabasas, Calif., sold a 10-property, 310,000-square-foot retail and office portfolio in Ocean County, N.J., for $46 million.
Call for Speakers: MBA Secondary & Capital Markets Conference & Expo; Deadline Feb. 2
Speaking opportunities for breakout sessions are now being accepted for MBA’s Secondary & Capital Markets Conference & Expo 2023, taking place May 21–24 at the Marriott Marquis in Times Square.
Ed Austin of SingleSource Property Solutions: The State of Home Equity Lending
Ed Austin is chief operating officer of SingleSource Property Solutions, a provider of property services supporting the U.S. housing industry, where he is responsible for the company’s overall operations and growth.
Quote: Jan. 23, 2023
“While housing demand remains relatively depressed, lower mortgage rates and softer home price appreciation are likely starting to bring buyers off the sidelines. The leg down in financing costs looks to have boosted mortgage demand.”
–Charlie Dougherty, Economist with Wells Fargo Economics, Charlotte, N.C.
MISMO Introduces Loan Limit API Specification
MISMO®, the real estate finance industry standards organization, released the FIPS Code Lending Limit API Specification, which illustrates how to define an API for searching lending limits based on a property’s postal code and county name.
Rodney Moss of LoanCare on the New Servicing Environment
Rodney Moss is Executive Vice President of Strategy and Business Development with LoanCare, Virginia Beach, Va.
FHFA Increases Fannie Mae, Freddie Mac Multifamily Radon Standards
The Federal Housing Finance Agency announced enhancements to Fannie Mae and Freddie Mac’s multifamily radon standards. The Mortgage Bankers Association commended the announcement.