Fitch Ratings, New York, said it sees limited risks to real estate investment trust credit fundamentals from a transitory inflation-rate increase, but noted prolonged elevated inflation could pressure REITs.
Category: News and Trends
People in the News Nov. 10, 2021
Wipro Opus Risk Solutions LLC, Lincolnshire, Ill., appointed Kebra Rhedrick as Chief Compliance Counsel.
Dealmaker: Machine Investment Group Acquires San Jose R&D Building for $33M
Machine Investment Group, New York, acquired 1010 Rincon Circle in Silicon Valley’s North San Jose submarket for $32.6 million.
MBA Offices Closed Thursday
Offices of the Mortgage Bankers Association will be closed on Thursday, Nov. 11 in observance of the Veterans Day holiday.
Mark P. Dangelo: Coming to a Store Near YOU, the Low-Code/No-Code Revolution
The time to effectively transform our analysis of all things digital is being reduced from months to days. The revolution and rapid embrace of low-code/no-code solutions by giant Walmart will set off multiple tangential strategies to influence the consumer—all in the hands of newly empowered, front-line domain experts.
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.
Regina Braga of Res/Title: Margin Compression Doesn’t Have to Be Inevitable in a Competitive Market
Lenders should consider examining existing or new service providers for critical services (title, appraisal or other elements of the mortgage process that would be difficult to produce in-house, but without which, a purchase mortgage transaction simply cannot take place) much as they would their own, internal cost centers.
October Mortgage Credit Inches Up
Mortgage credit availability increased for the fourth straight month in October, albeit ever so slightly, the Mortgage Bankers Association reported Tuesday.
Quote
“The dip in rates might have helped to bring some buyers back into the market, but housing inventory is still extremely low and price growth remains elevated.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
Final MBA Forbearance & Call Volume Survey: Mortgage Loans in Forbearance Drops to 2.06%
The Mortgage Bankers Association issued its final Forbearance and Call Volume Survey on Monday; 77 weeks after its first survey, MBA reported one million homeowners in forbearance plans, down from more than six million in mid-2020.