The Conference Board, New York, said its Consumer Confidence Index fell for the second straight month in February to its lowest level since October, as expectations continued to weaken.
Category: News and Trends
Home Prices Finish Year at Highest Rate of Increase in 34 Years
The S&P CoreLogic Case-Shiller Home Price Indexes finished 2021 with the single-highest rate of increase in 34 years of data-keeping. In a separate report, the Federal Housing Finance Agency said 2021 home prices rose by 17.5 percent.
MBA Technology Solutions Conference & Expo in Las Vegas Apr. 11-14
The Mortgage Bankers Association’s annual Technology Solutions Conference & Expo takes place Apr. 11-14 at the Bellagio Las Vegas.
Dealmaker: Merchants Capital Secures $110M for Washington, D.C. Mixed-Use Workforce Housing
Merchants Capital, Carmel, Ill., secured $110 million in financing for Parkside 8 and Parkside 10, two mixed-use workforce housing developments in Washington, D.C.
MBA: Share of Mortgage Loans in Forbearance Drops to 1.30%
Loans in forbearance fell again in January to pre-pandemic lows, the Mortgage Bankers Association reported on Monday.
CBRE: Flex-Office Sector Positioned to Adapt
CBRE, Dallas, said the flex-office sector has grown more sophisticated during the pandemic and is helping employers accommodate changing office-use patterns.
People in the News Feb. 23, 2022: Shelley Duffy Joins Incenter LLC as SVP
Incenter LLC, Philadelphia, named Shelley Duffy Senior Vice President of Enterprise Sales.
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“The percentage of borrowers who were current on their mortgage payments increased from December. However, there was some deterioration in the performance of borrowers with existing loan workouts. Borrowers in loan workouts may have experienced new life events unrelated to the pandemic, or alternatively, the omicron variant may have triggered or re-triggered employment, health or other stresses.”
–MBA Vice President of Industry Analysis Marina Walsh, CMB.
MBA Advocacy Update Feb. 22 2022
Last Monday, MBA submitted comments to the OCC on draft principles for large banks’ management of climate-related financial risk. On Tuesday, the FHA announced it is extending the mandatory implementation deadline for mortgagees to begin delivering appraisals through the FHA Catalyst: Electronic Appraisal Delivery Module.
Scott Roller: Turning Vendor Management into a Profit Center
Author Robert H. Schuller is credited for the saying, “Tough times never last, but tough people do.” As the historic refinancing boom has ended and flips to a purchase market, lenders need to be thinking it is time to get tough.