MISMO, the real estate finance industry’s standards organization, issued a call for industry professionals to join a new development workgroup (DWG) focused on creating an enhanced replacement for the existing EDI (Electronic Data Interchange) 260 Application for Mortgage Insurance Benefits.
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Down Payment Resource (DPR) released its Q4 2023 Homeownership Program Index (HPI) report. During a year when home affordability hit a nearly four-decade low, housing agencies introduced 135 homebuyer assistance programs and expanded eligible inventory to make homeownership more accessible.
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Mortgage applications increased 3.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 19, 2024. The results include an adjustment to account for the MLK holiday.
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AryMing Asset Management, a forward-thinking minority-owned fund manager with a focus on non-performing distressed mortgages, proudly welcomes Ari Zweig as its Managing Director, bolstering its executive team with over 20 years of financial industry expertise. Ari’s extensive background in analyzing distressed mortgage credit, honed during his tenure at MBIA Insurance Corporation, positions him as a key player in AryMing’s strategic growth.
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ATTOM released its Year-End 2023 U.S. Home Sales Report, which shows that home sellers made a $121,000 profit on the typical sale in 2023, generating a 56.5 percent return on investment. But even as both gross profits and profit margins remained near record levels, they decreased from 2022, marking the first declines in either category since 2011.
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Alanna.ai, the creator of a conversational AI-powered virtual assistant for title agents, has named Bob Grohol as Executive Sales Director.
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Homebuyer affordability improved in December, with the national median payment applied for by purchase applicants decreasing to $2,055 from $2,137 in November.
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In STRATMOR Group’s January Insights Report, Senior Partner Jim Cameron borrows from Abraham Maslow’s famed “hierarchy of needs” theory to offer mortgage lenders a real-world approach to shaping their strategies in 2024.
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Dark Matter Technologies (Dark Matter) announced the availability of a new, automated workflow in the Empower loan origination system (LOS) that makes it easier for lenders to identify and qualify loan applicants who could benefit from evaluation of their positive rent payment history.
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Lundy, a property search engine available by voice, has announced that Jim Grady will assume the role of Chief Technology Officer. As such, Grady will be responsible for the continual advancement of Lundy’s technology, which makes property data available on the Multiple Listing Service accessible by voice on the Amazon Alexa platform.
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