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MBA Annual20: What 2020 Has Taught Us About Technology
Higher volume, lower interest rates and social distancing are changing customer expectations and mortgage industry technology.
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September Existing Home Sales Soar to 14-Year High
Existing home sales jumped for the fourth consecutive month in September, the National Association of Realtors reported yesterday, reaching their highest level since 2006.
MISMO Issues Next-Gen Logical Data Model
MISMO®, the mortgage industry standards organization, announced availability of its new MISMO logical data model as the next generation of the MISMO data exchange.
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Jobless Claims ‘Back on Track,’ Remain Elevated
After several weeks of increased numbers, initial claims for unemployment insurance fell significantly last week, suggesting a bit of stabilization for an extremely volatile economic metric.
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MBA Forecast: 2020 Best Year For Industry Since 2003; 2021 Purchase Originations to Increase to Record $1.54 Trillion
In its latest forecast, the Mortgage Bankers Association said purchase originations are expected to grow by 8.5% to a record $1.54 trillion in 2021. And after a substantial 70.9% jump in activity in 2020, MBA anticipates refinance originations to slow next year, decreasing by 46.3% to $946 billion.