MISMO Releases Bids Wanted in Competition (BWIC) Template for Public Comment
MISMO®, the real estate finance industry standards organization, seeks public comment on a standardized template to facilitate the bidding process for mortgage-backed securities between mortgage originators and dealers for Bids Wanted in Competition (BWIC).
CoreLogic: 30 Years After Hurricane Andrew, Problems Persist for Insurance, Mortgage Industries
CoreLogic, Irvine, Calif., said in the 30 years since Hurricane Andrew devastated much of South Florida, the risk management landscape has evolved “tremendously.” But many questions remain—and with South Florida still a popular place to live, many of the risks from 1992 still exist today.
GDP: 2Q Pace of Slowing Decreases
The U.S. economy continued to slow in the second quarter, the Bureau of Economic Analysis reported Thursday, although not at a pace as dramatically earlier this summer.
Commercial Property Price Growth Cools Off
Real Capital Analytics, New York, said commercial real estate price growth faded in July, though most indexes still showed double-digit gains.
Initial Claims Dip for 2nd Week
Initial claims for unemployment insurance fell for the second straight week, the Labor Department reported Thursday.