MBA Education presents its popular School of Mortgage Banking I online Oct. 3-25.
Category: News and Trends
MBA Annual22: ConcertMBA Presents Darius Rucker
Singer-songwriter Darius Rucker takes the Concert MBA stage at the MBA Annual Convention & Expo in Nashville.
MISMO Issues Two New Resources: Latest Version of the Life of Loan Business Process Model and New Business Glossary User Guide
MISMO®, the real estate finance industry standards organization, launched two industry resources designed to help lenders and other mortgage organizations better leverage MISMO standards, products and collateral.
Pending Home Sales Dropped 2.0% in August
The National Association of Realtors reported pending home sales waned for the third consecutive month in August, falling 2.0% from July.
A New Framework for Managing Climate Risk
Real estate practitioners can better manage climate risk in their portfolios by incorporating climate change threats including wildfires, hurricanes and excessive heat into their business models, the Urban Land Institute and LaSalle Investment Management reported.
MBA Weekly Survey Sept. 28, 2022: Applications Decrease
Mortgage applications decreased 3.7 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending September 23, 2022.
Quote
“Homeownership remains largely unaffordable for the majority of homebuyers in the majority of markets across the country. While home prices have declined a bit quarter-over-quarter, they’re still higher than they were a year ago, and interest rates have essentially doubled. Many prospective homebuyers simply can’t afford the home they hoped to buy, and in many cases no longer qualify for the mortgage they’d need.”
–Rick Sharga, Executive Vice President of Market Intelligence at ATTOM.
House Prices Fall in July
Two home price indices released Tuesday showed home prices fell nationwide in July but remain above year-ago figures.
MISMO Issues Updated Engineering Guideline to Enhance Clarity on Version Compatibility
MISMO®, the real estate finance industry standards organization, today announced the availability of updated MISMO Engineering Guideline (MEG) 27, which provides guidance to help determine if a new version of the MISMO Reference Model is compatible with a previously implemented solution.
In an Evolving Market, Tech Strategies Must Evolve, Too
Without question, loan originators are finding themselves in a more hostile market environment. Demand for mortgages has fallen to the lowest level in decades and lenders are laying off employees in order to curb costs. Yet many lenders fail to examine an area that represents a significant operating cost: their technology.