MISMO, the real estate finance industry’s standards organization, announced the publication of updates to the Mortgage Insurance (MI) Estimated Rate Quote API Implementation Guide (iGuide) and Sample Files.
Category: News and Trends
MBA Recognizes Premier, Select Members
MBA is proud to recognize its Premier and Select Members and to thank them for their continued support of MBA and the real estate finance industry.
Servicing Quote Tuesday, July 23, 2024
“The number of loans in forbearance increased in June for the first time since October of 2022.”
–Marina Walsh, CMB, MBA’s Vice President of Industry Analysis
MISMO Calls for Participants to Join New Work Group Focusing on AVM Standardization
MISMO, the real estate finance industry’s standards organization, announced a call for industry professionals to join a new development work group that focuses on Automated Valuation Model (AVM) standardization.
Mortgage Servicers Embrace Technology to Drive Better Homeowner Experiences: Cenlar’s Shanth Ananthuni
The mortgage industry has undergone significant transformation in recent years. Consumer behavior is rapidly evolving to the ever-changing tech landscape. Because we live in a world where we are increasingly dependent on technology, as servicers, we need to strike a balance between staying competitive in the marketplace while also providing the best possible homeowner experience.
RCN Capital: Real Estate Investor Sentiment Increases
RCN Capital, South Windsor, Conn., released its latest RCN Capital/CJ Patrick Co. Investor Sentiment Index, finding 60% of real estate investors view today’s market as better or much better than it was a year ago.
Harvard JCHS: Remodeling Spending to Increase Slightly
After a modest downturn, homeowner expenditures for improvements and repairs are expected to trend up through the first half of 2025, the Joint Center for Housing Studies of Harvard University reported.
Chart of the Week: 2023 HELOC and Home Equity Origination Volume by Valuation Method
MBA recently completed its 2024 Home Equity Lending Study (covering 2023 data) tracking trends in origination and servicing operations for home equity lines of credit (HELOCs) and home equity loans.
FundingShield: Fraud Risk Still High in Q2
FundingShield, Newport Beach, Calif., released its second-quarter report, finding that 47.08% of transactions in a $74 billion portfolio including residential, commercial and business purpose loans presented some risk.
MBA: Share of Mortgage Loans in Forbearance Increases to 0.23% in June
The Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance increased to 0.23% as of June 30, 2024.