MISMO, the real estate finance industry’s standards organization, yesterday announced that it is seeking public comment on the new eVault Standards and SMART Doc Validation Rules documents created to help provide clarity to eVault interoperability for all parties in a real estate transaction. The 30-day public comment period runs through Nov. 7, 2023.
Category: Top National News
Nearly 5.5 Million Homes are Vacant Across The Largest Metro Areas
Weekly Real Estate News, Oct. 4, 2023–Phil HallWhile housing inventory remains close to historic lows, nearly 5.5 million homes across the nation’s largest metro areas remain vacant, according to new …
Private Payrolls Rose 89,000 in September, Far Below Expectations, ADP Says
CNBC, Oct. 5, 2023–Jeff CoxADP reported that private job growth totaled just 89,000 for the month, down from an upwardly revised 180,000 in August and below the 160,000 estimate from …
Federal Court Rules Against Servicers in Pay-to-Pay Lawsuit
National Mortgage News, Oct. 2, 2023–Spencer LeeA federal district court in Houston ruled in favor of a class-action plaintiff last week in a three-year-old case involving pay-to-pay fees, approving a …
FHFA Outlines Challenges for the Year Ahead
MPA, Oct. 9, 2023-Tony CantuThe inspector general’s office of the Federal Housing Finance Agency has released its report on management and performance challenges for the upcoming year, key among them …
MBA Education Advantage: Learn for Less
MBA Education Advantage is an annual subscription-based training that provides your organization with unlimited access to 200-plus self-studies, complimentary seats in specific courses, discounts on designations and much more. MBA …
Bank Holdings of Mortgages for Sale Increase
Inside Mortgage Finance, Oct. 5, 2023–Brandon IveyBanks and thrifts held $44.06 billion of mortgages for sale as of the end of June, up 8.1% from the end of March.Click here …
As Mortgage Rates Normalize It Will Help Both Supply and Demand: Mortgage Bankers Association CEO
CNBC, Oct. 4, 2023Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, joined CNBC’s ‘Closing Bell Overtime’ to talk climbing mortgage rates and what the Federal Reserve can do to …
Mortgage Banks: Don’t Overlook Value in Low-Dollar Loans
The M Report, Oct. 3, 2023–Kyle G. HorstConventional wisdom dictates that originating and servicing higher loan balances equals higher profits. However, according to a new white paper released by the …
Blockchain Technology Merits Further Exploration
Scotsman Guide, Oct. 2, 2023–Neil PiersonFinding ways to shorten the lending process is a worthwhile endeavor that benefits the borrower, broker and lender. One of these paths is through greater …