Institutional Property Advisors, Ontario, Calif., brokered $201.75 million portfolio for sale of three multifamily properties in Arizona and New Mexico.
Category: News and Trends
MBA Presents Burton C. Wood Award to Owen Lee of Success Mortgage Partners
WASHINGTON–The Mortgage Bankers Association presented its annual Burton C. Wood Legislative Service Award to Owen Lee, CEO of Success Mortgage Partners, Plymouth, Mich.
Rising Construction Tide Lifts Office-To-Lab Conversions
CBRE, Dallas, reported a sharp increase in construction of life sciences labs includes big gains in a premium category: conversions of office buildings to labs.
MISMO Spring Summit in Charleston June 6-9
The MISMO Spring Summit takes place June 6-9 in Charleston, S.C.
MBA Sends FHFA Recommendations on GSE Seller/Servicer Eligibility Requirements
The Mortgage Bankers Association on Monday sent a letter to the Federal Housing Finance Agency, offering detailed recommendations on the agency’s re-proposal of eligibility requirements for seller/servicers of single-family loans backed by Fannie Mae and Freddie Mac.
Home Price Indices Flirt with 20% Annual Rate
The S&P CoreLogic Case-Shiller Indices showed annual home price appreciation at 19.8 percent; the Federal Housing Finance Agency House Price Index reported annual appreciation at 19.4 percent.
April Consumer Confidence Ticks Down
The Conference Board, New York, reported its Consumer Confidence Index decreased slightly in April, following an increase in March.
Carlos Sa of MILOS on Implementing New Technologies
Carlos Sa, founder and CEO of MILOS, Danvers, Mass., has more than 25 years of IT experience and an extensive track record of designing, building and implementing mortgage technologies.
Quote
“With mortgage rates increasing last week to the highest level since 2009, applications continued to decline. Overall application activity fell to the lowest level since 2018, with both purchase and refinance applications posting declines.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
A Look at Lodging with JLL Senior Vice President Christopher Exler
Christopher Exler is Senior Vice President with JLL’s Miami Hotel and Hospitality team, responsible for shaping and executing disposal and origination strategies. He specializes in maintaining investor relationships, monitoring international capital flows, investment advisory and managing the marketing and due diligence process.