Mortgage interest rates fell for the second straight week, and borrowers took advantage as mortgage application activity put together a modest two-week winning streak, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending November 18.
MISMO®, the real estate finance industry's standards organization, released the Bids Wanted in Competition standard template to facilitate the bidding process for mortgage-backed securities between mortgage originators and dealers.
We’ve had a flurry of reports ahead of the Thanksgiving holidays; here’s a quick summary of what’s happening:
RCLCO Real Estate Consulting, Bethesda, Md., announced its annual index measuring strongest metro areas for growth in STEM job growth (Science, Technology, Engineering and Math), showing Austin, Texas as the top-ranked market.
NewPoint Real Estate Capital LLC, Plano, Texas, provided a $105 million bridge loan for the acquisition and lease-up of SeventyOne15 McDowell, a new-build mid-rise apartment community in Scottsdale, Ariz.
The Mortgage Bankers Association’s monthly Loan Monitoring Survey reported loans in forbearance increased by 1 basis point to 0.70% of servicers’ portfolio volume from 0.69% in the prior month as of October 31.