VantageScore, San Francisco, released its CreditGauge report for January, finding average overall credit account balances rose by more than $1,000 from December 2024.
Category: News and Trends
MISMO Introduces SMART Doc V3 Sample Package Resource to Facilitate Enhanced Data Exchange Methods
MISMO, the real estate finance industry’s standards organization, published the SMART Doc V3 Sample Package. This resource is part of MISMO’s larger effort to modernize the industry’s data exchange methods by facilitating broad adoption of SMART Docs beyond the eNote.
Single-Family Construction Ends 2024 with Growth; Greater Uncertainty for 2025
A lack of existing home inventory boosted single-family construction growth in all geographic regions to end 2024, according to the National Association of Home Builders Home Building Geography Index for fourth-quarter 2024.
Quote of the Day
“We appreciate the importance being placed on William Pulte’s and Jonathan McKernan’s nominations to lead the FHFA and CFPB, respectively, and urge Senate leadership to schedule floor votes on their confirmations as soon as possible.”
–MBA President and CEO Bob Broeksmit, CMB, urging the Senate to confirm William Pulte as FHFA Director and Jonathan McKernan as CFPB Director
Tavant’s Sandeep Shivam: How Gen AI-Powered Coaching Revolutionizes Mortgage Servicing
As a result of the increasing costs and negative customer experiences reported, mortgage servicing companies are seeking technology solutions that leverage artificial intelligence to more effectively answer customer questions and resolve incoming customer inquiries.
CoreLogic Reports Largely Flat Home Price Growth in January
U.S. home price growth was largely flat in January at 3.3% year over year, according to CoreLogic, Irvine, Calif.
Dealmaker: Newmark Arranges $275M to Refinance N.Y. Luxury Residential Property
Newmark, New York, arranged a $275 million loan to refinance a multifamily asset in New York City.
Quote of the Day
“ICE loan-level data shows that a record 11.4% of borrowers switched insurance providers in 2024, up from 9.4% in 2023 and less than 8% historically.”
–Andy Walden, Head of Mortgage and Housing Market Research for Intercontinental Exchange
Trepp: CMBS Delinquency Rate Decreases in February
Trepp, New York, found the CMBS Delinquency Rate fell in February, with the overall rate decreasing 26 basis points to 6.3%.
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 20.4% from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending February 28, 2025.