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MBA Advocacy Update June 26, 2023
This week’s top legislative and policy news from the Mortgage Bankers Association.
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MBA Chart of the Week June 26, 2023: Annual Origination Counts
2020 and 2021 were record setting years with $4.11 trillion and $4.44 trillion in originations respectively, as the industry experienced record low mortgage rates and home price appreciation soared across the country.
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FHFA: More Than 6.7M Troubled Homeowners Helped During Conservatorships
Fannie Mae and Freddie Mac completed 58,268 foreclosure prevention actions in the first quarter, the Federal Housing Finance Agency reported Friday.
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MISMO Launches Private Label RMBS Specification, Implementation Guide
MISMO, the real estate finance industry's standards organization, announced that the Private Label Residential Mortgage-Backed Securities (PL RMBS) Specification 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.