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(One in a continuing series of profiles of Premier Members of the Mortgage Bankers Association.)

MISMO is hosting the first meeting of its new Lender Forum on Tuesday, August 27 at 1:30 PM ET in Reston, Va. or online via Zoom.

Single-family existing-home sales prices rose in 89% of metro areas – 199 of 223 studied – in the second quarter, down from 93% in the previous quarter, the National Association of Realtors reported Wednesday.

Optimal Blue, Plano, Texas, released its Optimal Blue Market Advantage report for July, finding that the overall rate lock volume was up 3.5% month-over-month.

High valuations and interest rates are not the only factors that have negatively impacted the mortgage industry. Added to these major hurdles, spiking escrows due to rising property tax assessments and homeowners insurance costs are pushing some borrowers to the brink of default.