BREAKING NEWS
Applications Fall in MBA Weekly Survey
Mortgage applications fell by nearly 3 percent from one week earlier as interest rates crept higher, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending November 12.
The Consumer Financial Protection Bureau on Tuesday issued a Request for Information seeking input on rules implementing the Home Mortgage Disclosure Act.
Ginnie Mae, Washington, D.C., issued an All-Participants Memorandum (APM 21-07) expanding use of certain features found in its digital collateral program to paper mortgages, a move expected to make it more efficient for Issuers to modify paper mortgages.
Low inventories and strong buyer demand helped push builder confidence higher for the third consecutive month even as supply-side challenges – including building material bottlenecks and lot and labor shortages – remain stubbornly persistent, the National Association of Home Builders reported Tuesday.
CoreLogic, Irvine, Calif., said single-family rent growth reached 10.2 percent year-over-year in September, up dramatically from a 2.6 percent rate a year ago.
The Ohio State University is a key leader in CONVERGENCE Columbus; Dr. Stephanie Moulton is the co-lead of the Evaluation Framework Working Group for CONVERGENCE Columbus.
The Mortgage Bankers Association’s Builder Application Survey data for October show mortgage applications for new home purchases increased by 6 percent from September, but decreased by 15.2 percent from a year ago.
Mesa West Capital, Los Angeles, provided The Green Cities Co. and American Realty Advisors with $100 million in floating-rate first mortgage debt to refinance 5 MLK, a recently completed Portland, Ore. mixed-use development.
Commercial real estate lending markets are on a tear heading into the last months of 2021. Life insurance companies are one of many capital sources benefiting from improved transaction volumes and economic fundamentals.
There can be no debate that bias must be eradicated from the collateral valuation process. While some may question the cause or amount of bias, the fact is we need to eliminate any bias from the system.
Both Fannie Mae and Freddie Mac have updated their selling guides to state that lenders must retain the audio-video recording of the RON transaction for the greater of either (a) the minimum period required by the state in which the notary is licensed or (b) 10 years. This guideline has left a lot of lenders wondering just how to store all that audio-video footage…and spurred a new crop of vendors ready to meet this “need.”
The time to effectively transform our analysis of all things digital is being reduced from months to days. The revolution and rapid embrace of low-code/no-code solutions by giant Walmart will set off multiple tangential strategies to influence the consumer—all in the hands of newly empowered, front-line domain experts.
The MISMO Winter Summit takes place Jan. 10-13 at the Hyatt Regency Clearwater Resort and Spa.
