National Mortgage News, Feb. 10, 2021–Brad Finkelstein (subscription)Commercial and multifamily mortgage origination volume should recover somewhat in 2021, the Mortgage Bankers Association said.https://www.nationalmortgagenews.com/news/commercial-mortgage-lending-expected-to-see-slight-recovery-in-2021
Category: Top National News
America Went on a Borrowing Binge, but Banks Were Left Out
Wall Street Journal, Feb. 10, 2021–Ben Eisen (subscription)Large U.S. lenders saw their loan books shrink in 2020 for the first time in more than a decade, according to an analysis …
Mortgage Demand Drops as Interest Rates Hit a Three-Month High
CNBC, Feb. 10, 2021–Diana OlickOverall mortgage application volume fell 4.1% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index.https://www.cnbc.com/2021/02/10/mortgage-demand-drops-as-interest-rates-hit-a-three-month-high.html
Policies & Predictions: Forecast for CRE Finance with Jamie Woodwell & Mike Flood of MBA
TreppWire (podcast), Feb. 9, 2021The Mortgage Bankers Association recently hosted the CREF21 conference and released their quarterly originations index. In a special episode of The TreppWire Podcast, MBA VP of …
America Went on a Borrowing Binge, but Banks Were Left Out
Wall Street Journal, Feb. 10, 2021–Ben EisenLast year was a banner one for debt, but it didn’t look that way for America’s big banks. Large U.S. lenders saw their loan …
CU Mortgage Delinquencies Ebb, but Worries Remain
Credit Union Times, Feb. 09, 2021–Jim DuPlessisThe chasm between those who have thrived and those who are struggling to survive in the pandemic recession persisted through the end of the …
U.S. Job Openings Rise in December; Small Businesses Desperate for Workers
Reuters, Feb. 9, 2021–Lucia MutikaniU.S. layoffs eased in December and job openings increased modestly, suggesting the decline in employment that month was largely due to companies cutting back on hiring …
Mega Capital Funding Returns to Non-QM Lending Space
HousingWire, Feb. 9, 2021–Kelsey RamirezMega Capital Funding just became the latest company to re-enter the non-Qualified Mortgage space with launch of several new product lines.https://www.housingwire.com/articles/mega-capital-funding-returns-to-non-qm-lending-space/
How Lenders Plan to Shrink Loan Timelines for Spring Buyers
National Mortgage News, Feb. 9, 2021–Bonnie Sinnock (subscription)The mortgage industry’s technology emphasizes speed, but a surge in volume has elongated the closing process for many, which is problematic ahead of …
MBA’s CREF21: What’s Changing in Multifamily
Multi-Housing News, Feb. 9, 2021–Therese FitzgeraldThe apartment sector has been less impacted by the pandemic than other property types. Despite a bump up in occupancies and a dip in rents, …