The Mortgage Bankers Association Builder Application Survey data for January 2025 shows mortgage applications for new home purchases decreased 6% compared with a year ago.

MISMO, the real estate finance industry's standards organization, announced that it is seeking public comment on the new Version 3.6.1 MISMO Reference Model, which includes new data points, containers, and enumerations to support regulatory requirements and other mortgage industry business content. The 60-day public comment period will run through April 20, 2025.   

Veterans United Home Loans, Columbia, Mo., conducted a recent survey to shed light on the use of Artificial Intelligence in homebuying. Thirty-two percent of prospective buyers reported using such tools as part of their process.