The Mortgage Industry Standards Maintenance Organization has announced the approval of a new property dataset.Specifically, the Core Data Workgroup with MISMO has given the green light to the Property Reporting Specifications, version 2.32. The approval of the Property Standard is the first step toward establishing a standard for describing a real estate property from its inception at origination through the entire financial process, ending with county recorders, according to MISMO. The specifications are available on the Web at http://www.mismo.org/mismo/specs_232.cfm. MISMO can be found at http://www.mismo.org.
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More than a third of listings are below their original ask, with entry-level homes seeing frequent cuts in several metros, Movoto data shows.
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For the first time in six weeks, the 30-year fixed rate mortgage dropped, with observers expecting a steady but challenging housing market for the rest of 2026.
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The fintech posted its strongest quarter since going public last year and reported major consumer loan marketplace volume approaching $4.3 billion.
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Nonbank mortgage firm Pennymac said having an in-house system gave it a leg up on implementation, while a vendor also reported progress in its systems testing.
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United Bank and Five Points Bank, both ranked among the top-performing banks by Capital Performance Group, said they have stayed in the mortgage business because they see it as a way to build strong relationships in the communities they serve.
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The servicer will pay $4.5 million in remediation to affected homeowners for incorrectly imposing force-placed insurance on thousands of borrowers.
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