ATTOM released its Q2 2025 U.S. Residential Property Mortgage Origination Report, which shows that 1.76 million mortgages secured by residential property (1 to 4 units) were issued in the second quarter of 2025. That marked a 19.4 percent increase from the prior quarter and a 6.3 percent uptick from the same period last year.
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Mortgage applications decreased 0.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending August 22, 2025.
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MISMO ®, the real estate finance industry’s standards organization, is seeking public comment on the new Version 3.6.2 MISMO Reference Model, which includes new data points, containers, and enumerations to support MISMO work products and broader mortgage industry needs. The 30-day public comment period will remain open through September 27, 2025.
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Homebuyer affordability improved in July, with the national median payment applied for by purchase applicants decreasing to $2,127 from $2,172 in June. This is according to the Mortgage Bankers Association’s (MBA) Purchase Applications Payment Index (PAPI), which measures how new monthly mortgage payments vary across time – relative to income – using data from MBA’s Weekly Applications Survey (WAS).
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ABBYY, a multinational company specializing in artificial intelligence, and IBM, one of the world’s leading providers of hybrid cloud and AI, announced the strengthening of their strategic partnership aimed at transforming the KYC (Know Your Customer) process within large enterprises.
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Lender Toolkit, a mortgage efficiency cooperative, reaffirmed its strategic advantage for lenders facing growing compliance complexity, as federal regulators consider nationwide lending standards to replace fragmented state-level rules.
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Cloudvirga, a Stewart-owned provider of digital point-of-sale platforms for lenders, announced the general availability of an admin portal for its Tropos borrower platform, giving lenders greater control over how it works for their business and borrowers. With the new functionality, lenders can adjust organizational settings, manage their brand experience across the business structure, customize loan applications and adapt operational workflows—all without developer assistance.
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MISMO has issued a call for industry professionals to join the Commercial eNotes Development Workgroup (DWG), an effort to develop a glossary of common terms that will be used in the generation of commercial, home equity line of credit, agriculture, and multi-family digital mortgages.
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Summer started sluggish for the housing market. Persistently high mortgage rates, historically low inventory, and broader macroeconomic uncertainty weighed on both buyers and sellers. Sellers remain hesitant to list due to elevated interest rates while buyers are cautious amid concerns over job security.
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nCino (NASDAQ: NCNO) has introduced Doc Validation, an AI-powered tool that tackles one of the biggest pain points in mortgage origination: document processing. The typical bank, credit union or IMB loan officer today spends an average of 13.5 hours per loan just collecting and handling documents—time that adds cost, slows down closings, and frustrates borrowers.
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