The virtually untapped and growing market of Limited English Proficiency borrowers deserves consideration and investment, and promises real potential for lenders which do.
Category: News and Trends
Howard Lin of Cielway: How to Manage Mortgage Servicing Rights in This Fast Market
Mortgage servicing rights are a natural hedge to those who primarily focus on the origination side of the business. However, retaining servicing rights is not an easy business, not to mention properly valuing them, especially when the current volatile interest rate movement makes hedging a task only to the most sophisticated mind.
Tony Thompson, CMB: CCL Coaching Program Launches at NAMMBA
The secret to success in the CRA/LMI marketplace isn’t a formula. It isn’t banging your head on the proverbial brick wall hoping for a breakthrough. And it isn’t trying the same old tactics in the hope that something sticks. It’s a combination of knowledge and becoming a part of the community you serve.
The Office of the Future, Revisited: 3 New Realities Shape Hybrid Workplace
Cushman & Wakefield issued a follow-up to its Office of the Future report last year, identifying three trends shaping workplace strategies. There’s good news; and interesting news.
Initial Claims Show Flattening Pattern
Initial claims for unemployment insurance rose slightly last week and haven’t shown much movement for several months now as employers continue to have difficulty filling jobs, the Labor Department reported Thursday.
Majority of Real Estate Investors Describe Local Markets as ‘Overvalued’
Auction.com, Irvine, Calif., said 55 percent of buyers purchasing distressed properties on Auction.com described their local market as “overvalued” with a correction possible, up from 40 percent a year ago.
Senate Confirms Julia Gordon as FHA Commissioner
It took nearly a year, and by the slimmest of margins, the Senate late Wednesday finally confirmed Julia Gordon, as FHA Commissioner.
People in the News May 13, 2022: PGIM Real Estate Names Christy Lockridge Chief DEI Officer
PGIM Real Estate appointed Christy Lockridge as its chief diversity, equity and inclusion officer, based in Chicago. She will build upon the firm’s expanded commitment to advancing diversity, equity and inclusion and will lead the business’s first formal DEI office.
MISMO Seeks Public Comment on Phase Two of Commercial Appraisal Dataset
MISMO®, the real estate finance industry standards organization, seeks public comment on phase two of proposed data standards for the Commercial Appraisal Dataset. The 60-day comment period runs through July 12.
Dealmaker: JLL Finances $373M for 10-Property Portfolio
JLL Capital Markets, Chicago, secured more than $538 million in financing for multifamily and industrial properties, including a 10-property multi-housing portfolio.