Loans in forbearance decreased by 6 basis points in January to 0.64% of servicers’ portfolio volume as of January 31, the Mortgage Bankers Association reported Tuesday.
Mortgage applications decreased 13.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending February 17, 2023.
MISMO, the real estate finance industry standards organization, released MISMO API Toolkit Version 1.1, which includes updates to enhance efficiency in the development of new technologies to benefit the mortgage finance industry.
Existing home sales fell for the 12th straight month in January, the National Association of Realtors reported Tuesday.
Newmark, New York, sold 330-340 River Street, a 54,226-square-foot retail asset comprising a two-story Whole Foods Market and an adjacent Walgreens in Cambridge, Mass., for $26.4 million.
Last week, MBA joined 10 other trade associations in a letter to the Securities and Exchange Commission requesting an extension to the recently re-proposed Securitization Conflicts of Interest Rule.