Auction.com, Irvine, Calif., said average sales price for properties sold at foreclosure auction in the first quarter rose to $147,115, up 8 percent from the previous quarter and up 7 percent from a year ago to the highest level as far back as data is available.
U.S. Homeowner Vacancy Rates at Lowest Level Since 1981
World Property Journal, July 29, 2019--Monsef Rachid
MISMO Moves Needle on Remote Notarization Laws for Mortgage Lenders
National Mortgage News, July 29, 2019--Elina Tarkazikis (subscription)
A GSE Plan Before the Election Has Risks--But So Does Doing Nothing
National Mortgage News, July 29, 2019--Hannah Lang (subscription)
Ginnie Mae Reveals Plans to Stress-Test Non-Bankers
HousingWire, July 29, 2019--Jessica Guerin
Former CFPB Official 'May Have Abused His Authority:' Inspector General
American Banker, July 29, 2019--Kate Berry (subscription)
Boom in Refinancing Boosts Mortgage Lending
Wall Street Journal, July 29, 2019--Ben Eisen (subscription)
Mortgage Rates Were Falling Before Fed Signaled Rate Cut
Wall Street Journal, July 30, 2019--Paul Kiernan (subscription)
Ex-Seattle Tech Worker Arrested for Capital One Hack
Reuters, July 29, 2019--Mohammad Zargham
Here's Some Good News If You're Buying a Home: Cash is No Longer King
USA Today, July 29, 2019--Paul Davidson
To the Point with Bob: Bipartisan Effort Helps Protect Affordable Mortgages for Veterans
In the latest edition of To the Point with Bob, MBA President and CEO Robert Broeksmit, CMB, discusses how MBA advocacy resulted in a bipartisan effort on Capitol Hill to assist the nation's veterans.
CoreLogic: Fraud Risk Index Down Sharply in 2Q
CoreLogic, Irvine, Calif., said its National Mortgage Application Fraud Risk Index decreased significantly, from 152 in first quarter to 132 in the second quarter.
SimpleNexus, Lehi, Utah, launched an application program interface and webhooks that enable mortgage lenders to establish real-time data syncing between SimpleNexus and non-integrated third-party systems, including customer relationship management platforms and loan origination systems.
Office Investment Regaining Consistency
Real Capital Markets, Carlsbad, Calif., said the office investment market is back on track and buoyed by significant capital for deal-making following some political and economic uncertainty over the past year.
Dealmaker: Sonnenblick-Eichner Secures $29M Hotel Construction Financing
Sonnenblick-Eichner Co., Beverly Hills, Calif., arranged $29 million in construction financing for the Cambria Hotel Calabasas in Calabasas, Calif.
MBA Annual19 Comes to Austin, Texas Oct. 27-30; Early Registration Deadline This Thursday, Aug. 1
The Mortgage Bankers Association's Annual Convention & Expo takes place Oct. 27-30 at the Austin Convention Center in Austin, Texas. Early registration deadline is this Thursday, Aug. 1--save $200.
MISMO Approves New Remote Online Notarization Standards
MISMO®, the mortgage industry's standards organization, announced release of its Remote Online Notarization standards, which include an update to draft standards issued earlier this year.
mPact: MBA's Network for Young Professionals
mPact is MBA's network for young professionals in the real estate finance industry. Join a community of your peers, share your experiences with others online, network with industry insiders, hone your skills or have a voice in the future of real estate finance.