Initial claims for unemployment insurance fell to their lowest level in nearly 53 years, the Labor Department reported Thursday.
Category: News and Trends
Dealmaker: SB Real Estate Partners Acquires Arizona Apartments for $58M
SB Real Estate Partners, Irvine, Calif., acquired Cantamar Apartments, a 180-unit garden-style multifamily community in Glendale, Ariz., for $58.1 million.
Industry Briefs Mar. 25, 2022: CFPB Targets ‘Unfair Discrimination’ in Consumer Finance
The Consumer Financial Protection Bureau announced changes to its supervisory operations it says will better protect families and communities from illegal discrimination, including in situations where fair lending laws may not apply.
MBA: February Median Mortgage Application Payment Jumps 8.3% to $1,653
Homebuyer affordability decreased in February, with the national median payment applied for by applicants jumping 8.3 percent to $1,653 from $1,526 in January, the Mortgage Bankers Association reported Thursday.
Administration Launches Reforms on Equity in Appraisals
The Biden Administration on Wednesday released an action plan targeting racial bias in the home lending and appraisal process and promoting wealth creation through homeownership.
MISMO Creates ESG Initiative Focused on Standardizing Disclosure of Flood Risks; Seeks Comment on New Adverse Action Notice Dataset
MISMO®, the real estate finance industry standards organization, seeks participants for an initiative focused on standardizing disclosure of flood risks. Separately, MISMO seeks public comment on a proposed Adverse Action Notice Dataset.
Building Your Personal Brand to Promote Me, Myself and I: An mPact Webinar March 30
Join Nimi Pasricha, Associate Director of Learning and Development with SS&C, and other mPact members to learn more about creating, building and promoting a personal brand. Learn how to take your unique combination of skills, experience and personality to create a personal brand that sets you up for success.
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“With so much uncertainty in the world and economy, it makes sense that homeowners are staying put. High prices and rising mortgage rates are a strong impediment even for homeowners who would ideally like to move to a better home. First-time homebuyers, on the other hand, are still seeking the security of homeownership despite the chaos of this market.”
–Redfin Chief Economist Daryl Fairweather.
Tai Christensen of CBC Mortgage Agency: Solutions to Appraisal Bias
Tai Christensen is Diversity, Equity and Inclusion Officer and Director of Government Affairs for CBC Mortgage Agency, South Jordan, Utah, a national down payment assistance provider, and has 17 years’ experience in the mortgage industry.
Market Musings with M&T Realty Capital Corp.’s Christine Chandler
Christine R. Chandler is Chief Credit Officer and Chief Operating Officer for M&T Realty Capital Corp., Baltimore. She joined M&T in 1991 and has more than 30 years of commercial real estate experience.