RIHA Study: More than 6 Million Renters and Homeowners and 26 Million Student Debt Borrowers Missed September Payment
More than six million households did not make their rent or mortgage payments, and 26 million individuals missed their student loan payment in September, according to third quarter research released today by the Mortgage Bankers Association's Research Institute for Housing America.
MISMO®, the mortgage industry's standards organization, today announced that its widely adopted MISMO 3.4 Reference Model has been upgraded to “Recommendation” status. This status is the highest possible maturity level that can be bestowed on a MISMO standard.
The labor market remains under stress, as evidenced by yesterday’s initial claims report from the Labor Department, which showed claims rising for the second straight week to its highest level since August.
The pandemic is accelerating many existing real estate trends and spawning some new ones, PwC and The Urban Land Institute said in their Emerging Trends in Real Estate 2021 report.
MBA: September New Home Purchase Mortgage Applications Down 5% from August; Up 38.2 Percent from Year Ago
The Mortgage Bankers Association’s Builder Applications Survey data for September shows mortgage applications for new home purchases increased by 38.2 percent from a year ago, unadjusted, but fell by 5 percent from August.