MISMO Fall Summit: Ginnie Mae Puts Foot on Gas Pedal
WASHINGTON, D.C.—Ginnie Mae President Alanna McCargo will be the first to tell you that “speed” and “innovation” rarely appear in the same sentence with “federal agencies.” But she’d also be the first to tell you that it is possible.
MISMO Releases Bids Wanted in Competition (BWIC) Template for Public Comment
MISMO®, the real estate finance industry standards organization, seeks public comment on a standardized template to facilitate the bidding process for mortgage-backed securities between mortgage originators and dealers for Bids Wanted in Competition (BWIC).
CoreLogic: 30 Years After Hurricane Andrew, Problems Persist for Insurance, Mortgage Industries
CoreLogic, Irvine, Calif., said in the 30 years since Hurricane Andrew devastated much of South Florida, the risk management landscape has evolved “tremendously.” But many questions remain—and with South Florida still a popular place to live, many of the risks from 1992 still exist today.
Sellers Increasingly Reluctant to List Homes; Investors Stepping Up
Redfin, Seattle, said would-be sellers are reluctant to list their homes as they have begun to see prices come down. With few new listings, buyers’ newfound bargaining power is reaching its limit, especially now that demand has stabilized.
CMBS Special Servicing, Delinquency Rates Dip
Commercial mortgage-backed securities special servicing and delinquency rates both dipped in July, according to Trepp LLC and Fitch Ratings.
