MISMO Seeks Public Comment on MI Activation API That Streamlines, Facilitates Exchange of Closing Date Data
MISMO®, the real estate finance industry standards organization, seeks public comment on its new Mortgage Insurance (MI) Activation API specification, designed to facilitate activation of a MI Commitment to Certificate Status.
CoreLogic: Homeowners in Negative Equity at Lowest Level in 12 Years
CoreLogic, Irvine, Calif., said just 2.1% of U.S. homeowners with a mortgage were underwater as of the fourth quarter, the lowest level since 2010, as borrowers gained more than $3.2 trillion in equity in 2021.
CBRE: Cap Rates Down Across Real Estate Spectrum in 2021
Commercial real estate capitalization rates declined across the real estate spectrum last year, reported CBRE, Dallas.
Inflation Jumps to Fastest Rate Since 1982
The Consumer Price Index jumped by 0.8 percent in February from January and roared ahead by 7.9 percent to its fastest annual pace in 40 years, the Bureau of Labor Statistics reported Thursday.
Unemployment Insurance Claims Edge Up
Initial claims for unemployment insurance crept back up last week, the Labor Department reported Thursday, perhaps signaling that the post-pandemic jobs recovery isn’t quite there, yet.
February Mortgage Credit Availability Rises to 9-Month High
Mortgage credit availability increased in February to its highest level in nine months, the Mortgage Bankers Association reported Thursday.
