The first MISMO Staff Appreciation Award has been presented to Ted Adams, director of industry standards at Freddie Mac and chair of the Core Data MISMO Workgroup.Gabe Minton, vice president of industry technology at the Mortgage Bankers Association, lavished praise on people like Mr. Adams during the presentation at the 92nd annual MBA convention. "We would not be where we are today without these heroes," he declared. The award is hand-picked and ratified by the board of MISMO -- the Mortgage Industry Standards Maintenance Organization -- to recognize a member that has contributed to the standards effort above and beyond the call of duty. Next year, two staff appreciation awards will be given out, one for residential and the other for commercial. MISMO can be found online at http://www.mismo.org.
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President Biden had issued a rule in 2024 requiring newly constructed homes to abide by an energy mandate to be eligible for FHA- or USDA-backed mortgages.
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Eligible purchases with the Better Home Equity Card, which lets homeowners instantly spend funds drawn from a home equity line of credit, earn 1% cashback.
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Kevin Warsh's nomination to be the next chair of the Federal Reserve passed through the Senate Banking committee in a party-line vote.
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Using a non-GAAP measurement, the real estate investment trust, preparing to be bought by CrossCountry, reported a $25 million loss for the first quarter.
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The government-sponsored enterprise recorded $98.7 billion in single-family loan acquisitions to begin the year, including over $43 billion in refinances.
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Check out the next set of names in the 28th edition of National Mortgage News' Top Producers survey, including on how they approach purchase business.
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