The Mortgage Bankers Association released its 2021 Rankings of Commercial/Multifamily Mortgage Firms by origination volumes. Top commercial/multifamily mortgage originators in 2021 included the following:
Category: News and Trends
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“First-time homebuyers, who rely on these government programs, are increasingly challenged by both the rapid increase in home prices and higher mortgage rates. Repeat homebuyers, who are more likely to use conventional loans, benefit from the gains in home equity realized on a sale which can be used to fuel their next purchase, even with rates moving higher.”
–MBA Chief Economist Mike Fratantoni.
MBA: Share of Mortgage Loans in Forbearance Drops to 1.18%
The Mortgage Bankers Association’s monthly Loan Monitoring Survey reported loans now in forbearance decreased by 12 basis points to 1.18% of servicers’ portfolio volume as of Feb. 28 from 1.30% in January. MBA estimates 590,000 homeowners are in forbearance plans.
People in the News Mar. 23, 2022: Chrysalis Holdings Name Anita Kwan, Katherine Le to Board of Advisors
Chrysalis Holdings LLC, Fulton, Md., appointed Anita Kwan and Katherine Le to its Board of Advisors as chairwoman and vice chairwoman, respectively.
Joe Camerieri of Mortgage Cadence: The High Cost of Loan Origination Inefficiency
Efficiency is the first key to cost cutting in any process. In our business, we also must consider staffing and streamlining the tech stack, but efficiency is always a top priority
MBA Home For All Pledge Partner: BlackFin Group
BlackFin Group is a management consulting firm that specializes in innovation, technology and business optimization in the banking and mortgage banking industry.
Rick Triola of NotaryCam: It’s Time for a New Definition of Equity
The mortgage industry more aptly seemed to agree to assign the word “historic” to 2021, specifically when referencing the mortgage industry and its production and growth during the year. So, what word will define 2022 in the mortgage industry? Equity.
Tom Lamalfa: 1Q22 Industry Update
The steep run-up in interest rates, especially mortgage rates, since the start of the year prompted the mini survey I conducted in early March. It consisted of 10 questions that were put to 17 senior mortgage banking experts.
Cushman & Wakefield: Considerable Scope for Commercial Real Estate to Absorb Rate Increases
Changes in interest rates and changes in commercial real estate cap rates have a weak relationship historically, said Cushman & Wakefield, Chicago.
CREF Policy Update: SEC Issues Notice of Proposed Rulemaking on Climate Risks
The Securities and Exchange Commission on Monday voted 3-1 to release a Notice of Proposed Rulemaking that includes amendments requiring a domestic or foreign registrant to include certain climate-related information in its registration statements and periodic reports.