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Author name: Ricky Vasquez

New MISMO reference model includes reverse mortgages

HECM, HWmember, MISMO, Mortgage Bankers Association, Mortgage Cadence, Reverse, Technology, Underwriting /

After embarking on an ambitious project designed to ease the technological processes and interfaces of the reverse mortgage industry compared to traditional mortgage workflows, the Mortgage Industry Standards Maintenance Organization (MISMO) announced this week that the latest version of its reference model includes reverse mortgage features. On Tuesday, MISMO announced that the new version has […]

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Washington state church completes affordable housing conversion

Affordable housing, Homelessness, Housing Market, HWmember, Washington /

A lack of affordable housing units in one of Washington state’s largest cities has pushed a community church into action as it seeks to convert some of its property holdings into as many as 60 affordable housing units. Shiloh Baptist Church in Tacoma’s Hilltop neighborhood is taking steps to convert two of its properties into

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Condos losing appeal among real estate investors

Condos and HOAs, Housing markets, MARKETING TO BORROWERS, Originations, Real estate investments /

While real estate investment purchases are falling into more stable patterns following wild pandemic-era swings, condo activity is lagging, falling to a 10-year low, according to Redfin. U.S. investors bought a total of 46,726 units in the first quarter, up 2% year over year, the real estate brokerage reported. Early 2025 activity recovered from the

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Tariff fears drive April auto, mortgage borrowing

Consumer banking, Economic indicators, LOAN PRODUCTS, Originations, Servicing /

The anticipated impact of tariffs pushed consumers toward big-ticket items in April, but overall borrowing levels also show them becoming more discerning in light of political developments, according to Vantagescore. Researchers noted earlier this year the likelihood of a bump in certain types of purchases before the implementation of various tariff measures proposed by President

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FOMC minutes reveal disagreement on possible tariff impacts

FOMC minutes reveal disagreement on possible tariff impacts

Federal Reserve, Monetary policy, Politics and policy /

Federal Reserve Federal Reserve officials were split about the potential inflationary impact of higher tariff rates during the central bank’s monetary policy meeting last month. Some members of the Federal Open Market Committee voiced concern that elevated import taxes could result in supply chain disruptions that lead to “persistent effects on inflation, reminiscent of such

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US treasuries pare losses as investors snap up five-year notes

Mortgage Rates, Treasury bonds /

US Treasuries trimmed early losses after a $70 billion auction of new five-year securities lured solid investor demand. The yield on 10-year benchmark Treasuries was up about three basis points following Wednesday’s sale, after earlier climbing more than five basis points.  READ MORE: Home-refinancing gauge falls to three-month low as rates near 7% The shift

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MISMO releases new reference model, updates existing one

Mortgage technology, Secondary markets, Underwriting /

The Mortgage Industry Standards Maintenance Organization has made two editions of its reference model, one an update and the other a new version, available for industry use. Its Version 3.6 Reference Model was released in 2023, and in a statement contained in MISMO’s 2022 annual report, then-President Seth Appleton called it “foundational to the way

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Fannie Mae partners with Palantir to weed out fraud

Capital markets, Fannie Mae, Fraud, Mortgage technology, Secondary markets /

Influential government-related mortgage investor Fannie Mae will be partnering with Palantir, a company involved in introducing more artificial intelligence to financial services, as its regulator and conservator steps up its fight against fraud. Peter Thiel, who owns stakes in Trump administration ally Elon Musk’s companies, founded the AI firm that will be helping identify patterns

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