Industry personnel news from MBA, Dovenmuehle, Optimal Blue and Nationwide Property & Appraisal Services.

iBorrow, Los Angeles, closed a $5.55 million bridge loan on a 59,250-square-foot, fully leased industrial building in Tampa, Fla.

In this time of low volumes and tight margins, many lenders are scrutinizing expenses more closely and seeking innovative ways to enhance efficiencies and gain greater control over their operations. One area that is ripe for improvement is vendor management – particularly within a mortgage lender’s branch network.

Industry news from Heartland Multiple Listing Service, Down Payment Resource, Total Expert, Floify, A&D Mortgage and FICO.

Delinquency rates overall for mortgages backed by commercial properties were unchanged during the first quarter of 2024, but loans backed by office properties continued to see a rise in delinquencies. This is according to the Mortgage Bankers Association's (MBA) latest commercial real estate finance (CREF) Loan Performance Survey.

The Federal Housing Finance Agency on Tuesday proposed a new product from Freddie Mac to begin purchasing certain single-family closed-end second mortgages.