(Updated Oct. 7) This is a developing story that will be updated regularly. If you are aware of an effort by a mortgage company to provide relief or help to areas affected by Hurricane Helene, either directly or via fundraisers or donations, please contact us.
Category: News and Trends
Apartment Absorption Down From Year-Ago Rate, Redfin Finds
Just over half of U.S. apartments that delivered in the first quarter rented within three months, the second-lowest seasonally adjusted share since mid-2020, according to Redfin, Seattle.
A.I. & Commercial Real Estate: A Q&A with Greystone’s Niraj Patel
As with any transformative technology, AI’s true potential remains largely untapped. To shed light on this critical juncture, MBA NewsLink sat down with Niraj Patel, AI and Digital Transformation Executive at Greystone.
Apartment Absorption Down From Year-Ago Rate, Redfin Finds
Just over half of U.S. apartments that delivered in the first quarter rented within three months, the second-lowest seasonally adjusted share since mid-2020, according to Redfin, Seattle.
Commercial/Multifamily Briefs, Oct. 3, 2024
Commercial/multifamily industry news from Gantry, FHFA and Peachtree Group.
CMF Quote of the Week
“We hope the entire industry gets behind this. It’s time for unity–if we are really here to help and serve others, why not come together when it is needed?”
— Fairway CEO and Founder Steve Jacobson on efforts across the industry to help areas affected by Hurricane Helene
FHA Releases New Draft ML on Cyber Incident Reporting; Letter Includes Adjustments Closer to MBA Suggestions
The Federal Housing Administration posted a new draft Mortgagee Letter: Revised Cyber Incident Reporting Requirements on its Single-Family Housing Drafting Table. It provides updated requirements for when FHA-approved mortgagees must notify the Department of Housing and Urban Development when a reportable cyber incident occurs.
MISMO Seeks Nominations for Standards Governance Committee Members–Deadline Oct. 7
MISMO is calling for nominations for qualified industry professionals to serve on MISMO’s Standards Governance Committees for a two-year term beginning in January 2025. Positions are available on both the Residential and Commercial Standards Governance Committees.
Continuing the Momentum: CCMS Philanthropic Committee’s Efforts for the Opens Doors Foundation Grow
Leadership of the CCMS Philanthropic Committee sat down with MBA NewsLink to discuss its changes and efforts.
Dealmaker: Calmwater Capital Funds $21M for California Acquisition
Calmwater Capital, El Segundo, Calif., announced it provided Rhino Investment Group with $20.86 million in short-term, first mortgage debt for its acquisition of a grocery-anchored retail center in Cathedral City, Calif.