Data has always been valuable, but it has taken on new imperatives as an implication of continuous digital transformation. While cloud computing passes $500 billion in 2022, it will pale in comparison to the rise of digital fabrics where applications and platforms are merely a means to innovation adaptability. Digital fabrics may signal the first stage of failure for FinTech silos.
Category: News and Trends
Clint Salisbury of Wolters Kluwer: Improving the Lender Experience with Digital Mortgage Innovation
First impressions are important, but last impressions can have a bigger impact. The closing ceremony is often one of the borrower’s last interactions with the lender, making it one of the most important steps in the mortgage process in relation to the borrower’s experience.
FHFA Releases GSE 2021 Mission Report
The Federal Housing Finance Agency released its annual Mission Report that describes Fannie Mae, Freddie Mac and Federal Home Loan Bank activities to increase access to financing for economic development and affordable, equitable and sustainable housing.
Dealmaker: Laguna Point Properties Acquires Las Vegas Apartments for $126M
Laguna Point Properties, Mission Viejo, Calif., acquired the 996-unit The Harmon at 370, the largest multifamily community in Las Vegas, for $126 million.
Decarbonizing Cities and Real Estate
City governments are setting rules to move to a net-zero economy. But their ambitious sustainability targets won’t be achieved without an active program to significantly reduce emissions from buildings, said JLL, Chicago.
Housing Market Roundup June 7, 2022
Here’s a summary of recent housing reports that have come across the MBA NewsLink desk:
Redfin: Homes with High Fire Risk Sell for More as Americans Flock to Fire-Prone Areas
Redfin, Seattle, said its analysis of homes for sale in high fire-risk areas found the median sale price of U.S. homes with high fire risk was $550,500 in April, compared with $431,300 for homes with low fire risk—a difference of nearly $120,000.
Mortgage Holders Gain $1.2 Trillion in 1Q Tappable Equity
The least-affordable housing market in nearly two decades provides at least one windfall—the average home has gained nearly 9 percent in value since just the start of 2022, with homeowners gaining more than $1.2 trillion in equity in the first quarter, said Black Knight, Jacksonville, Fla.
Tony Thompson, CMB of NAMMBA: We’ll See You at Connect 2022
The biggest Strategic Networking + Exposition + Thought Leadership Convention in the real estate and mortgage industry is kicking off in Orlando, Fla., this September 15-17, and I couldn’t be more excited to share it with you.
MBA CREF Market Intelligence Symposium June 15-16
The Mortgage Bankers Association’s annual CREF Market Intelligence Symposium takes place June 15-16.