MISMO, the real estate finance industry’s standards organization, announced the release of the Artificial Intelligence (AI) Glossary, a resource designed to establish a shared vocabulary for AI across mortgage finance.
Category: News and Trends
MISMO Releases Loan Boarding Dataset to Solve for Costly Errors Occurring Servicing Transfer
MISMO, the real estate finance industry’s standards organization, today announced the release of its new Loan Boarding Dataset, a standard for boarding newly originated residential mortgage loans into servicing.
Property Insurance Makes Up 7% of Housing Costs in Big Metros, ValuePenguin Reports
Homeowners in the 50 largest U.S. metros now spend an average of 7% of their monthly housing costs insuring their homes, according to the latest ValuePenguin by LendingTree study.
ICE: Homebuying Affordability Sees Best Conditions in 2.5 Years
ICE Mortgage Technology, Atlanta, released its October Mortgage Monitor report, highlighting that conditions have pushed home affordability for buyers into its best spot in 2.5 years.
MBA’s Bob Broeksmit Provides Updates on GSE Reform, Bevy of Regulatory Issues
WASHINGTON–Perhaps the biggest issue on the horizon for the U.S. mortgage market is the future of the GSEs, said Mortgage Bankers Association President and CEO Bob Broeksmit, CMB, at the MBA Compliance and Risk Management Conference Sept. 29.
Servicing Quote of the Week
“We need two–or at least two–GSEs. Competition is a basic feature of our highly successful housing finance system.”
–MBA President and CEO Bob Broeksmit, CMB, speaking at MBA’s Compliance and Risk Management Conference
MBA Honors Constanza Krause of Space Coast Credit Union with 2025 Ken Markison Legacy Achievement Award
WASHINGTON–The Mortgage Bankers Association presented its annual Ken Markison Legacy Achievement Award to Constanza (Cony) Krause, CMB, CMCP, CRU, Manager, Learning & Development at Space Coast Credit Union.
Mortgage Application Payments Decrease in August
Homebuyer affordability improved in August, with the national median payment applied for by purchase applicants decreasing to $2,100 from $2,127 in August, according to the Mortgage Bankers Association’s Purchase Applications Payment Index.
Realtor.com: Buyers Show Increased Interest in Fixer-Uppers
Realtor.com, Santa Clara, Calif., found that properties marketed as fixer-uppers are garnering more interest from prospective buyers.
ICE First Look: Delinquencies Up; Foreclosure Activity Slowly Trending Higher
The national mortgage delinquency rate rose in August–largely driven by a calendar anomaly–while foreclosure activity continued its slow upward trend, ICE Mortgage Technology reported.