Last week, the House Financial Services Committee once again considered down payment assistance legislation targeted toward first generation, first-time homebuyers. On Tuesday, MBA and the National Fair Housing Alliance announced a new online toolkit for mortgage lenders interested in developing Special Purpose Credit Programs.

Northmarq, Minneapolis, refinanced four retail properties for a combined $12.8 million.

MISMO®, the real estate finance industry standards organization, released its updated MISMO Engineering Guideline (MEG) 7, which establishes class words that enable consistency in naming and structure of data point names.

Mortgage servicers must provide language resources for borrowers with limited English proficiency. The 2020 Census confirmed what mortgage professionals have experienced over the past decade - America’s diversity increases every year with minority homeownership growing rapidly.

They’re now legal almost nationwide and they were boosted by the pandemic. But they’re still not the mainstream of closings. Here’s why they should be.

To many mortgage business owners, the cost of employees can be a significant portion of their business budget. It can also make a significant impact on the success or failure of their business. It's in this area that experts within the mortgage industry can help you make better decisions by providing you with expertise and services that can streamline your financial management.

The Mortgage Bankers Association and Winnow Solutions LLC, Anaheim, Calif., announced a partnership that will provide MBA member subscribers – at a 10% discount rate – a comprehensive database of state and federal regulations to help control costs and better manage the growing complexity of mortgage regulations.

The Mortgage Bankers Association's annual Risk Management, QA and Fraud Prevention Forum takes place Sept. 11-13 at the Grand Hyatt Nashville.