MISMO’s recent Winter Summit in Clearwater, FL attracted a like number of in-person and virtual attendees: 154 vs. 154. (Full disclosure: I was scheduled to go but at the last minute tested positive and had to go virtually)

Based on the sessions I attended, the overall mood of the conference was upbeat. There was a fair amount of discussion about new people coming into the digital mortgage sector and generally positive outlooks of increased adoption in the new year. For the first time since the pandemic began, representatives from the GSEs were able to attend in person, and they reiterated their goal of keeping everyone focused on the digital mortgage initiatives.

In terms of new technology, the community saw a demo of a new eVault validation tool for eNotes. The project, which was funded by MISMO, was well received by the attendees who felt it will help address interoperability issues.

An update was given on the status of the approval of MISMO version 3, the expectation among the MISMO community was that the doc form would be fully approved by Q2 and most likely would initially be used on other document types besides eNote: for example, closing estimates, appraisal forms, HELOC agreements.

From a government news perspective, Lynne Chandler of Ginnie Mae discussed the investors new APM on eModifications of paper notes.


Explore More

2022 Year in Review

02/21/2023

Take a look back at some of the biggest developments in the digital mortgage space in 2022.

10.26.21 – Update: New Date for HUD-Held Vacant Loan Sale 2022-1 (“HVLS 2022-1”) – Now December 1, 2021.

09/21/2021

The U.S. Department of Housing and Urban Development (“HUD”) has announced an update to the date for the upcoming HUD-Held Vacant Loan Sale (“HVLS 2022-1”). The new date for this sale is now December 1, 2021, which replaces the previous sale date of November 10, 2021.

The sale will consist of due and payable Secretary-Held loans. The loans are first liens secured by 1 to 4-unit, vacant residential properties where the last surviving borrower is deceased. This sale will include increased bidding opportunities for non-profit and state & local government purchasers.

Entities interested in participating can contact the Office of Asset Sales Single Family Transaction Specialist at 1-844-709-0763 or email [email protected] for more information.

For prospective bidders to this sale, please refer to the section on this webpage entitled, For Prospective HUD Asset Sale Bidders, to become a qualified bidder and receive the Bidder Information Package for HVLS 2022-1.

Falcon Wins Research Grant to Study CDFI Mortgage Lending

10/25/2023

Falcon Capital Advisors is pleased to share that it won a research grant from The Center for Impact Finance, with funding provided by the Citi Foundation’s Community Finance Innovation Fund, to support research on Community Development Financial Institutions (CDFI) activity in the single-family mortgage space. The study will be the first to examine how CDFIs […]