Intercontinental Exchange, Atlanta, released its mortgage monitor for October, finding that the average monthly payment hit a record of $2,070 in August, up $140 from 2023 and $399 since the start of 2020.
Category: News and Trends
RCN Capital: Real Estate Investor Optimism Grows
RCN Capital, South Windsor, Conn., released its Fall 2024 RCN Capital/CJ Patrick Co. Investor Sentiment Index, finding that 68% of real estate investors view today’s market as better or much better than it was a year ago.
MISMO Introduces New Platform for Building Standards: MISMO Link
MISMO, the real estate finance industry’s standards organization, partnered with Viant Eye to introduce MISMO Link, a new platform that will allow users to build and ultimately implement industry standards in a collaborative environment.
Radian Launches Annual Opens Doors Opens Hearts Fundraiser
Each year in the lead up to the Mortgage Bankers Association Annual Convention, Radian Group, Philadelphia, launches its Radian Opens Doors Opens Hearts campaign benefiting the MBA Opens Doors Foundation, which provides mortgage and rental assistance grants to families caring for critically ill or injured children.
Continuing the Momentum: CCMS Philanthropic Committee’s Efforts for the Opens Doors Foundation Grow
Leadership of the CCMS Philanthropic Committee sat down with MBA NewsLink to discuss its changes and efforts.
BLS: 254,000 Jobs Added in September
The Bureau of Labor Statistics announced 254,000 jobs were added in September, with the unemployment level still relatively flat at 4.1%.
Mortgage Industry Steps Up to Assist Homeowners Affected by Hurricane Helene
(Updated Oct. 7) This is a developing story that will be updated regularly. If you are aware of an effort by a mortgage company to provide relief or help to areas affected by Hurricane Helene, either directly or via fundraisers or donations, please contact us.
Servicing Quote Tuesday, Oct. 1, 2024
“The passage of this three-month CR would keep essential housing programs at the Department of Housing and Urban Development, Veterans Affairs, and the Department of Agriculture running without interruption and would also avoid a lapse of the NFIP, which would leave millions of Americans at risk by disrupting the purchase of flood insurance in communities across our country.”
–MBA’s President and CEO Bob Broeksmit, CMB, on the CR before it was passed
MBA Statement on FHFA’s Suspended Counterparty Program Re-Proposal
MBA President and CEO Bob Broeksmit, CMB, issued a statement regarding the Federal Housing Finance Agency’s announced re-proposal of amendments to its Suspended Counterparty Program (SCP) regulation.
Fraud Panel: Watch Out for ‘Low-Hanging Fruit,’ Synthetic Identities, Business Email Compromises
WASHINGTON, D.C.–Experts took to the stage at the Mortgage Bankers Association’s Compliance and Risk Management Conference Sept. 23, to highlight the importance of being vigilant in all aspects of digital life and provide insights into fraud trends that could be seen by those working in the mortgage industry.