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Volume 23 Issue 8

Thursday, January 11, 2024

FHFA TechSprint Spotlights Themes Related to Mortgage Technology

The Federal Housing Finance Agency last summer held its “Velocity” TechSprint, bringing people together to ponder how data digitization could drive transparency and increase access, fairness, affordability and sustainability in mortgage lending. FHFA briefed MISMO Winter Summit attendees about the program Monday.

MISMO Honors Annual Award Recipients at 2024 Winter Summit

MISMO, the real estate finance industry's standards organization, announced the recipients of its MISMO Awards program during its 2024 Winter Summit. The MISMO Awards program recognizes the volunteer contributors for their efforts to advance MISMO standards, increase participation and support the organization.

Dodge Momentum Index Improves 3% in December

The Dodge Momentum Index rose 3% in December to 186.6 from November’s 181.5 reading, indicating more nonresidential buildings going into the planning stage.

MBA VIDEOS

MBA Research Minute

MBA Research Minute

mPower Moments: Hard Work and Limitless Opportunities with Fannie Mae’s Priscilla Almodovar

mPower Moments: Hard Work and Limitless Opportunities with Fannie Mae’s Priscilla Almodovar

MBA Eye on Washington

MBA Eye on Washington

Attendees made HERstory at mPowering You 2023!

Attendees made HERstory at mPowering You 2023!

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TOP NATIONAL NEWS

Mortgage Demand Jumps Nearly 10% to Start the Year, Even as Interest Rates Tick Up Again
Commercial Real Estate Outlook Brightens for 2024
Mortgage Credit Availability Hits Lowest Level Since 2012
Budget Fight Threatens Poor Families With Cuts to Housing Aid, Evictions
Mortgage Rates and Inflation Could Draw Attention to the Fed This Election
U.S. Saw Record-Breaking Thunderstorm Damage in 2023
Hotel Conversions Appeal Grows Amid Sluggish Housing Market

MBA NEWS

Deadline Jan. 12: Apply for MBA Education’s Future Leaders Program
Today: Residential mPact Presents PHEAR Advantage
MBA Servicing Solutions Conference & Expo in Orlando Feb. 20-23
School of Mortgage Banking I: February 13-16 in Washington, D.C.

Quote: Jan. 11, 2024

“We had a big, audacious goal of bringing together the mortgage industry to collaborate with each other and with the regulator to iterate on big ideas toward solving some of the industry’s most intractable problems in the use and adoption of responsible tech and innovation in mortgage processes today.”--FHFA's Anne Marie Pippin, speaking about a recent TechSprint at the MISMO Winter Summit

MBA: Mortgage Credit Availability Decreased in December

Mortgage credit availability decreased in December according to the Mortgage Credit Availability Index, a report from the Mortgage Bankers Association that analyzes data from ICE Mortgage Technology.

January 11, 2024

Industry Briefs, Jan. 12, 2024

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Industry news from Blue Sage Solutions, FundingShield, FICO and CrossCountry Mortgage.

January 10, 2024

BeSmartee’s Tim Nguyen: 2024 Strategies for Mortgage Executives–Breaking Down Expenses, Technology and the 20% Volume Surge

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For most mortgage lenders, 2024 will be a better year, but not a great year due to too many chasing a finite market. 2024 is what I call a “foundational year,” where you rebuild the very structure your business sits upon.

January 10, 2024

FormFree’s Martin Prescher on Balancing Fairness, Innovation With AI in Mortgage Lending

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While many industries have been quick to integrate AI into products and operations, the mortgage industry has approached it with caution. And that’s a good thing.

January 10, 2024

MBA Weekly Survey: Mortgage Applications Increase

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Mortgage applications increased 9.9% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Jan. 5, 2024.

January 10, 2024

A.I. in Commercial/Multifamily Finance: an MBA NewsLink Q&A with Greystone’s Niraj Patel

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Given the impacts of artificial intelligence likely to be felt across real estate finance, MBA Newslink interviewed Greystone’s Chief Information Officer Niraj Patel to get his insights on where we are and what we can expect going forward.

January 10, 2024

Redfin: Median Asking Rent Continues to Decline

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Redfin, Seattle, reported the median U.S. asking rent fell 0.8% year-over-year in December, marking the third consecutive decline.

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