"Prospective homebuyers continued to face challenging conditions in July, with elevated and volatile mortgage rates and low housing inventory serving as a formidable one-two punch that suppressed mortgage applications and sales activity." --Edward Seiler, MBA’s Associate Vice President, Housing Economics, and Executive Director of the Research Institute for Housing America.

MISMO, the real estate finance industry's standards organization, today announced that an updated set of Reference Model Version 3.5 YAML Files has reached “Candidate Recommendation” status, which means that it has been thoroughly reviewed by a wide range of organizations and industry participants and is available for use across the industry.