MBA DEI Leadership Awards: Nomination Deadline Aug. 13

Inspire change; share success. The Mortgage Bankers Association recognizes residential and commercial/multifamily members who show leadership in the areas of Diversity, Equity and Inclusion (DEI) internally through market outreach efforts with its annual DEI Leadership Awards.

Why a Multifamily Foreclosure Tsunami is Unlikely

National Mortgage News, June 21, 2021–Brad Finkelstein (subscription)Analysts expect only a small uptick in distressed mortgages, either through default or inability to refinance, which will create some opportunity for debt …

For Many Bank Employees, Remote Work is Here to Stay

American Banker, June 18, 2021–Laura Alix (subscription)More than 70% of U.S. bank workers expect their employers to allow some flexibility about where and when they do their jobs, according to …

Lumber Prices Nosedive from Record Highs

Mortgage Professional America, June 18, 2021–Candyd MendozaSherwood Lumber chief operating officer Kyle Little said lumber price levels were pushed to an“unsustainable price point and now we’re seeing a little bit …

FHFA Beats Drum for Conservatorship Exit

HousingWire, June 17, 2021–Georgia KromreiThe Federal Housing Finance Agency still wants to beef up its capital reserves and end conservatorship, but don’t count on that happening anytime soon.https://www.housingwire.com/articles/fhfa-beats-drum-for-conservatorship-exit/

Commercial and Multifamily Debt Grows Throughout 2021

National Mortgage Professional, June 16, 2021–Katie JensenMortgage debt for commercial and multifamily property rose by $44.6 billion (11%) in the first quarter of 2021, according to a Mortgage Bankers Association …