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Industry news from Blue Sage Solutions, ICE and Vice Capital Markets.

This week’s top legislative and policy news from the Mortgage Bankers Association.

Northmarq, Bloomington, Minn., completed the $54 million sale of a build-to-rent community in Laurel, Md., about 20 miles from Baltimore.

The Consumer Financial Protection Bureau, Washington, D.C., found a significant decline in mortgage lending activities during 2023. Loan applications and originations dropped by nearly one-third from 2022.

Fed officials have pointed to their “data dependence” regarding decisions about future rate cuts. These November employment data support a cut at the December meeting and MBA forecasts that the Fed will continue to reduce short-term rates in 2025, although they are likely to slow the pace of cuts.