MISMO®, the real estate finance industry’s standards organization, is calling for industry professionals to join a new development work group that focuses on Automated Valuation Model (AVM) standardization.
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The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for June 2024 shows mortgage applications for new home purchases increased 0.7 percent compared from a year ago. Compared to May 2024, applications decreased by 16 percent. This change does not include any adjustment for typical seasonal patterns.
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Mortgage applications increased 3.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending July 12, 2024.
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The Housing Solutions Coalition (HSC), a broad coalition of housing groups, today issued a statement regarding President Biden’s proposed 5% corporate rent cap:
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Corporate Settlement Solutions (CSS), a full-suite provider of commercial and residential real estate settlement solutions, released results from an analysis across 10 states that shows home appraisals were higher than sale prices 51% of the time in the first half of 2024.
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Embrace Home Loans, a national mortgage lender, announced that loan officer Patrick Holland surpassed $1 billion in career loan originations earlier this month. Holland, who has been with Embrace since 2010, manages the Fairfax, Virginia branch and also serves as a company vice president.
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Mortgage applications decreased 0.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending July 5, 2024. Last week’s results included an adjustment for the July 4th holiday.
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LenderLogix, a provider of mortgage point-of-sale and automation software for banks, credit unions, independent mortgage banks, and brokers, released the latest Homebuyer Intelligence Report, a quarterly summary of insights into borrower behavior during the home buying process based on data collected by the LenderLogix suite of tools. The latest report covers data collected during the pre-approval and borrower application process during the second quarter (Q2) of 2024. Here’s what they found:
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Kiavi, one of the largest lenders to private real estate investors, has successfully implemented the AppraisalWorks appraisal management technology platform to streamline appraisal operations and improve profitability.
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Candor Technology, a platform that uses artificial intelligence technology to automate loan underwriting and quality control for mortgage lenders, announces the appointment of Eric Rawlings as its Chief Technology Officer(CTO). Rawlings brings a wealth of experience and a proven track record of driving technological excellence across diverse industries.
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