MISMO®, the real estate finance industry standards organization, announced availability of its Commercial Green Borrower Questionnaire.
Category: News and Trends
Dale Larson III of Modex: The Data-Driven Evolution of Loan Officer Hiring
According to a 2019 McKinsey study, lack of production data is the number one cause of poor hiring decisions across the mortgage industry.
Marvin Chang of Mortgage Hippo: Three Reasons Lenders Must Lean Into Innovation
Lenders that hunkered down during the last two major industry downturns are no longer in the business, while those that leaned in and innovated during the same period emerged as industry leaders. Now is not the time for timidity. In fact, leading lenders are leaning into innovation now. There are at least three good reasons to do so.
Mark P. Dangelo: In Perspective, the Fragmentation of the Mortgage Industry
Reimaging of the mortgage markets has begun—driven by shrinking margins, rising rates, and inflationary pressures. Yet, for all the actions since 2010 involving data standards, digital transformations, and customer experiences, what is missing? Who will be left standing as the next cycle takes form and the mortgage industry is digitally reimaged?
MBA Letter to Agencies Targets Topline CRA Issues
The Mortgage Bankers Association last week sent a letter to federal regulatory agencies, discussing several topline issues it says are crucial to improving the current Community Reinvestment Act framework.
Black Knight: Mortgage Production Continues to Decline; Purchase Demand Now Falling Below Pre-Pandemic Levels
Black Knight, Jacksonville, Fla., said mortgage production pulled back at the end of July, falling by 49 basis points from June to 5.30%.
Ginnie Mae Revises Capital Requirements for Credit Unions, Housing Finance Agencies
Ginnie Mae amended its capital requirements for federally insured credit unions and state housing finance agencies.
Fannie Mae: Consumer Sentiment Toward Housing at 11-Year Low
Fannie Mae, Washington, D.C., said its Home Purchase Sentiment Index fell by two points in July to 62.8, its lowest level since 2011 and well below the record high set in 2019.
Commercial Real Estate Prices Climb Nearly 19% Y0Y
U.S. commercial real estate property prices grew at a double-digit rate in June amid sustained demand, reported Real Capital Analytics, New York.
July Mortgage Credit Availability at 9-Year Low
Mortgage credit availability fell for the fifth straight month in July to its lowest level in nine years, the Mortgage Bankers Association reported Tuesday.