News
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MISMO Seeks Public Comment on Enhanced Version of Industry Loan Application Dataset
MISMO®, the real estate finance industry's standards organization, is seeking public comment on an enhancement to the Industry Loan Application Dataset (iLAD), an industry standard for the exchange of loan application information. The 30-day public comment period runs through April 3, 2025.
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MISMO Seeks Public Comment on New Housing Counseling Dataset Specification
MISMO®, the real estate finance industry's standards organization, today announced that it is seeking public comment on a new Housing Counseling Dataset Specification (HCDS). The 60-day public comment period runs through April 19, 2025.
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Mortgage Application Payments Increased 3.7 Percent to $2,205 in January
Homebuyer affordability declined in January, with the national median payment applied for by purchase applicants increasing to $2,205 from $2,127 in December. 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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Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 1.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 21, 2025.
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MISMO Seeks Comment on New Appraisal Procurement Dataset Specification
MISMO®, the real estate finance industry's standards organization, today announced that it is seeking comment on its new Appraisal Procurement Dataset Specification. The 30-day comment period for this implementation guide runs through March 27, 2025.
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MISMO Calls for Industry Input on New Version 3.6 Package
MISMO®, the real estate finance industry's standards organization, today announced that it is seeking public comment on an updated MISMO Version 3.6 Reference Model package. The 60-day public comment period will run through April 12, 2025.
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January New Home Purchase Mortgage Applications Decreased 6 Percent
The Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for January 2025 shows mortgage applications for new home purchases decreased 6 percent compared from a year ago. Compared to December 2024, applications increased by 19 percent. This change does not include any adjustment for typical seasonal patterns.
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MISMO Calls for Industry Input in Development of New Tool to Simplify Standards Adoption
MISMO®, the real estate finance industry's standards organization, today announced that it is seeking public comment on artifacts introduced or updated to support creation of Unique Identifiers (Unique ID) for the MISMO Reference Model. The 60-day public comment period will run through April 21, 2025.
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Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 6.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 14, 2025.
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MISMO Calls for Industry Input on New Version 3.6.1 Reference Model
MISMO®, the real estate finance industry's standards organization, today announced that it is seeking public comment on the new Version 3.6.1 MISMO Reference Model, which includes new data points, containers, and enumerations to support regulatory requirements and other mortgage industry business content. The 60-day public comment period will run through April 20, 2025.
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Share of Mortgage Loans in Forbearance Decreases to 0.40% in JanuaryThe Mortgage Bankers Association’s (MBA) monthly Loan Monitoring Survey revealed that the total number of loans now in forbearance decreased by 7 basis points from 0.47% of servicers’ portfolio volume in the prior month to 0.40% as of January 31, 2025. According to MBA’s estimate, 200,000 homeowners are in forbearance plans.
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MBA Welcomes National Van Lines and NationalExpress Move as a Member Advantage Partner
The Mortgage Bankers Association (MBA) announced today that National Van Lines has joined the association’s Member Advantage Program. MBA members can earn commissions on booked and completed long-distance moving referrals through the NationalExpress Move (NEX) affiliate program.
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MISMO Announces 2025 Board of Directors
MISMO®, the real estate finance industry's standards organization, today, announced its Board of Directors for 2025.
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MBA Statement on the Nomination of Jonathan McKernan as CFPB Director
MBA's President and CEO Bob Broeksmit, CMB, released the following statement on Jonathan McKernan's nomination to serve as Director of the Consumer Financial Protection Bureau (CFPB).
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Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 2.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 7, 2025.
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Mortgage Credit Availability Increased in January
Mortgage credit availability increased in January according to the Mortgage Credit Availability Index (MCAI), a report from the Mortgage Bankers Association (MBA) that analyzes data from ICE Mortgage Technology.
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MBA Presents Smriti L. Popenoe, with the 2025 CREF Distinguished Service Award
The Mortgage Bankers Association (MBA) today awarded Smriti L. Popenoe, Co-CEO, President, and Chief Investment Officer at Dynex Capital, with the 2025 Commercial Real Estate Finance (CREF) Distinguished Service Award here at its Commercial/Multifamily Finance Convention and Expo.
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CREF Forecast: Commercial/Multifamily Borrowing and Lending Expected to Increase 16 Percent to $583 Billion in 2025
Total commercial and multifamily mortgage borrowing and lending is expected to rise to $583 billion in 2025, which is a 16 percent increase from 2024’s estimated total of $503 billion. This is according to an updated baseline forecast released today by the Mortgage Bankers Association (MBA) here at its 2025 Commercial/Multifamily Finance Convention and Expo.
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20 Percent of Commercial and Multifamily Mortgage Balances Mature in 2025
Twenty percent ($957 billion) of $4.8 trillion of outstanding commercial mortgages held by lenders and investors will mature in 2025, a 3 percent increase from the $929 billion that matured in 2024, according to the Mortgage Bankers Association’s 2024 Commercial Real Estate Survey of Loan Maturity Volumes, released today at the 2025 Commercial/Multifamily Finance Convention and Expo.
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Commercial/Multifamily Borrowing Up in the Fourth Quarter of 2024
Commercial and multifamily mortgage loan originations were 84 percent higher in the fourth quarter of 2024 compared to a year earlier, and increased 30 percent from the third quarter of 2024, according to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, released today at the 2025 Commercial/Multifamily Finance Convention and Expo.