MISMO®, the real estate finance industry’s standards organization, is calling for participants for a new development workgroup focused on defining the standard loan data fields and delivery format that lenders must provide state regulators for the loan portfolio review portion of state examinations.
Category: News and Trends
Few Mortgage Innovations Actually Save Lenders Money. eClosing is One of Them.
Joe Garrett is Principal with Garrett, McAuley & Co., a banking and mortgage banking consulting firm that helps lenders increase revenues, control costs and better manage risk.
MBA Premier Member Profile: Salesforce
Salesforce is the #1 CRM, bringing companies and customers together in the digital age.
MBA Home For All Pledge Partner: United Community Bank
(One in a series of profiles of MBA member companies that have signed the MBA Home For All Pledge, an initiative to promote inclusion in housing.)
S&P: Self-Service Residential Mortgage Servicing Increasing
The number of calls per loan to mortgage servicers has decreased as self-service options become more widespread and borrowers can resolve basic requests on their own, reported S&P Global Market Intelligence.
Home Price Appreciation Slows
House prices rose nationwide in May, but at a slower pace than in April, two home price indices reported on Tuesday.
Industry Briefs From DataVerify, Sales Boomerang, Realfinity
DataVerify, St. Louis, a provider of data verification, risk mitigation and workflow automation services, announced its AI lending automation solution, DataVerify Assist.
Apartment Asking Rents Rise at Slowest Annual Rate Since October
Rent increases tapered off in June, with the national median asking rent rising 14% from a year earlier–the smallest annual increase since October–reported Redfin, Seattle.
MBA Weekly Survey July 27, 2022: Mortgage Applications Decrease Again
Mortgage applications decreased 1.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending July 22, 2022.
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“Mortgage applications declined for the fourth consecutive week to the lowest level of activity since February 2000.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.