MISMO Seeks Member Comment on Bids Wanted in Competition Dataset
MISMO®, the real estate finance industry standards organization, seeks public comment on a new Bids Wanted in Competition dataset, which allows mortgage originators and dealers to automate the bidding process for mortgage-backed-securities.
Homeowner Equity Keeps Rising
ATTOM, Irvine, Calif., released its third-quarter 2022 U.S. Home Equity & Underwater Report, showing 48.5 percent of mortgaged residential properties in the United States were considered equity-rich in the third quarter, up from 48.1 percent in the second quarter and 39.5 percent a year ago.
Homebuyers, Sellers Have Plenty of Market Misconceptions
Amid a volatile and rapidly changing housing market, many homebuyers and home sellers have unrealistic expectations about their prospects, according to a Zillow survey of real estate agents.
Fannie Mae Consumer Survey Falls to Record Low
Fannie Mae, Washington, D.C., said its monthly Home Purchase Sentiment Index fell by 4.1 points in October to 56.7, its eighth consecutive monthly decline and lowest reading since inception of the index in 2011.
CMBS Delinquency Rate Rises
DBRS Morningstar, New York, said the delinquency rate for loans packaged in commercial mortgage-backed securities rose in September for just the third time since mid-2020.