(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.)
Category: News and Trends
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.
Quote
“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.
Sales Boomerang: Surge in Credit Improvement Alerts Suggests Opportunity for Lenders to Revisit Turndowns
Sharp increases in cash-out, credit-improvement and new-listing alerts quarter-over-quarter point to opportunity for lenders in a contracting mortgage market, reported Sales Boomerang, Owings Mills, Md.
Mortgage Action Alliance Issues Immediate ‘Call to Action’: Support Nationwide Use of RON
The Mortgage Bankers Association’s grassroots advocacy arm, the Mortgage Action Alliance, issued a Call to Action Monday supporting bipartisan legislation that would allow notaries in all states to perform Remote Online Notarization transactions.
MISMO Issues Call for Participants for New Workgroup Focused on Standardizing Regulatory Compliance Examination File
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.