Initial claims for unemployment insurance edged back toward pre-pandemic levels after hitting a five-month high earlier this spring, the Labor Department reported Thursday.
Category: News and Trends
Dealmaker: Fantini & Gorga Arranges $44M
Fantini & Gorga, Needham, Mass., placed $38 million in permanent financing on Country Glen Apartments, a 324-unit multifamily community on 30 acres in Groton, Conn.
Carolyn Thomas of KHA Alpine Advisor: Business Volumes Demand Efficient Solutions to Your Accounting and Compliance Needs
To many mortgage business owners, the cost of employees can be a significant portion of their business budget. It can also make a significant impact on the success or failure of their business. It’s in this area that experts within the mortgage industry can help you make better decisions by providing you with expertise and services that can streamline your financial management.
MBA Annual Convention & Expo in Nashville Oct. 23-26; Early Registration Ends Aug. 1
Meet industry innovators and experts at the Mortgage Bankers Association’s Annual Convention & Expo 2022, taking place Oct. 23-26 at Music City Center in Nashville.
May Mortgage Application Payments Rise to $1,897
Homebuyer affordability was largely unchanged in May, with the national median payment applied for by applicants up slightly to $1,897 from $1,889 in April, according to the Mortgage Bankers Association’s monthly Purchase Applications Payment Index.
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“The increase in monthly payments means many house hunters now need to consider smaller homes—perhaps farther from their ideal neighborhood—or stick to renting if they’re priced out of the market altogether. And for sellers, smaller homebuyer budgets mean they can no longer expect to get top dollar for their home.”
–Redfin Chief Economist Daryl Fairweather.
People in the News June 24, 2022: VA Loan Guaranty Service Taps John Bell III as Executive Director
Loan Guaranty Service of the Department of Veterans Affairs appointed John E. Bell III as Executive Director, effective immediately.
Sponsored Content from WFG: When it Comes to Operational Efficiency, Don’t Let ‘Perfect’ Get in the Way of ‘Better’
With refinances plummeting, it’s more important than ever for lenders to optimize profitability by finding ways to take time and cost out of the origination process.
Aaron Davis and Jonathan Kearns: Making the Case for Universal eClosings
They’re now legal almost nationwide and they were boosted by the pandemic. But they’re still not the mainstream of closings. Here’s why they should be.
Sponsored Content from SWBC: 2022 Property Appraisal Challenges; an Interview with Chuck Mureddu
Mortgage lenders are having a hard time sourcing affordable, prompt property appraisals. We discuss this challenge with SWBC’s Chief Valuation Officer, Chuck Mureddu.