Policymakers have gone to great lengths to provide servicers and borrowers the tools they need to bring about a successful resolution in the vast majority of cases. I hope that policymakers will continue to allow servicers to do what they do best – help their customers.
Category: News and Trends
October Leading Economic Indicators Up Nearly 1%
The Conference Board, New York, said its Leading Economic Index for the U.S. increased by 0.9 percent in October to 118.3, following an 0.1 percent increase in September and an 0.7 percent increase in August.
Initial Claims Slow, But Maintain Post-Pandemic Low
Sometime very soon, initial claims for unemployment insurance are going to fall below 256,000—the figure from March 2020, just before the full effects of the coronavirus pandemic blindsided the U.S. economy. It’s just not happening this week.
MBA Promotes Bruce Oliver, Laura Hopkins
The Mortgage Bankers Association promoted Bruce Oliver to Vice President of Commercial and Multifamily Policy and Laura Hopkins to Vice President of Member Relations.
Dealmaker: Dwight Capital Finances $110M
Dwight Capital, New York, closed $109.6 million for multifamily properties in three states.
Brian Hale of Mortgage Advisory Partners on the Current Market for Consultants
Brian Hale, a mortgage industry executive with more than 40 years of experience, recently launched a new consultancy business, Mortgage Advisory Partners, Newport Coast, Calif.
MBA Independent Mortgage Bankers Conference in Nashville Jan. 24-27
The Mortgage Bankers Association’s Independent Mortgage Bankers Conference 2022 takes place Jan. 24-27 in Nashville, Tenn.
People in the News Nov. 18, 2021: BlackFin Taps Wendy Peel to Lead Reverse Mortgage Practice
BlackFin Group, Englewood, Colo., hired Wendy Peel to serve as Managing Director and Partner – Reverse Mortgage Practice.
FHFA Releases 2022 Scorecard for GSEs, CSS
The Federal Housing Finance Agency on Wednesday released its 2022 Scorecard for Fannie Mae, Freddie Mac and Common Securitization Solutions LLC.
COMBOG Corner: Interview with StanCorp’s Amy Frazey
Commercial real estate lending markets are on a tear heading into the last months of 2021. Life insurance companies are one of many capital sources benefiting from improved transaction volumes and economic fundamentals.