Walker & Dunlop, Bethesda, Md., structured $47 million in financing to develop The Line, a 219-unit Class A multifamily property in Savannah, Ga.
Category: News and Trends
Home Builder Confidence Falls to 1-Year Low
Rising inflation and higher mortgage rates are slowing traffic of prospective home buyers and putting a damper on builder sentiment, the National Association of Home Builders said Wednesday.
MBA Nominates Laura Escobar of Lennar Mortgage as 2023 Vice Chair
The Mortgage Bankers Association nominated Laura Escobar, President of Lennar Mortgage, Miami, to serve as its Vice Chair for the 2023 membership year. She is expected to be installed at the association’s 109th Annual Convention in Nashville, Tenn., this October.
MBA’s Steve O’Connor Named Chair of National Housing Conference Board
The National Housing Conference announced its 2022-23 Board of Governors, led by longtime member and first-time Chair Steve O’Connor, Senior Vice President for Affordable Housing Initiatives with the Mortgage Bankers Association.
Dealmaker of the Week: Dwight Capital Finances $262M
Dwight Capital, New York, closed $261.9 million in transactions.
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“It is my pleasure to welcome Laura to MBA’s leadership ladder. She is a tireless advocate for mortgage lenders and their customers and is an inspired choice to lead MBA and its members. Her strategic mind, energetic personality, and deep compassion for others will ensure we continue to succeed in our members’ commitment to advancing homeownership and affordable rental housing opportunities nationwide.”
–MBA Chair Kristy W. Fercho.
MBA Nominates Laura Escobar of Lennar Mortgage as 2023 Vice Chair
The Mortgage Bankers Association nominated Laura Escobar, President of Lennar Mortgage, Miami, to serve as its Vice Chair for the 2023 membership year. She is expected to be installed at the association’s 109th Annual Convention in Nashville, Tenn., this October.
Quote
“It is my pleasure to welcome Laura to MBA’s leadership ladder. She is a tireless advocate for mortgage lenders and their customers and is an inspired choice to lead MBA and its members. Her strategic mind, energetic personality, and deep compassion for others will ensure we continue to succeed in our members’ commitment to advancing homeownership and affordable rental housing opportunities nationwide.”
–MBA Chair Kristy W. Fercho.
Bruno Pasceri of Incenter LLC on Changing Mortgage Market Conditions
Bruno Pasceri is President of Incenter LLC, Fort Washington, Pa., which helps mortgage bankers optimize processes and improve performance.
MBA CONVERGENCE Webinar June 23: Understanding and Serving Today’s Buyer
MBA CONVERGENCE presents a timely webinar, Understanding and Serving Today’s Buyer, on Thursday, June 23 from 3:00-4:00 p.m. ET.