Mesa West Capital, Los Angeles, provided a joint venture led by SRM Development, Spokane, Wash., with $67 million for Westmont of Milpitas, a recently opened senior housing community in Milpitas, Calif.
Category: News and Trends
Housing Market Roundup Mar. 15, 2022
Here’s a quick recap of housing market stories that have recently come across the MBA NewsLink desk:
MBA Letter Addresses Concerns About FHFA Strategic Plan
The Mortgage Bankers Association, in comments to the Federal Housing Finance Agency, expressed support for many elements of the proposed FHFA five-year strategic plan while raising concerns on several issues.
People in the News Mar. 15, 2022: Lisa Heitzmann, CMB Named Deephaven Mortgage COO
Deephaven Mortgage, Charlotte, N.C., appointed Lisa Heitzmann, CMB, as Chief Operating Officer. She will oversee operations of Deephaven’s internal underwriting, wholesale and correspondent teams.
Mark P. Dangelo: The Rapid Phase Shift of Organizational Competencies and Operational Mindsets
As technologies and their principles pushed forth by digital transformation initiatives employing such as cloud, Web 3.0, decentralized finance (DeFi), and blockchain mortgage, the enterprise transactional mindsets and systems of record must evolve into stackable solutions—or risk stranding investments and customers on vendor platforms that cannot adapt to future requirements.
MBA Advocacy Update Mar. 14, 2022
Last week, both the House and Senate passed a $1.5 trillion Fiscal Year 2022 “omnibus” appropriations bill, which includes robust funding for HUD – and several wins for the industry. Also last week, MBA submitted comments to FHFA regarding its new strategic plan.
Quote
“With respect to the Enterprises, MBA firmly believes they should be released from conservatorship only when they have the financial strength to do so and after important market conduct reforms are made sufficiently durable.”
–From an MBA letter to the Federal Housing Finance Agency on its 2022-2026 Strategic Plan.
(Mortgage M&A Trends) Garth Graham of STRATMOR Group: Matching Buyers and Sellers
Whether you plan to buy or sell a company in 2021, these factors can greatly increase your chances of success.
Sponsored Content from CreditXpert: Maximize Credit Potential for All
The Mortgage Credit Potential Index™ (MCPI) is a monthly reporting of mortgage credit inquiries analyzed by CreditXpert’s predictive analytics platform.
MBA Chart of the Week Mar. 11, 2022: MBA Weekly Applications Survey Purchase Loan Size
With increasing home prices, it is instructive to understand how home purchase mortgage origination amounts have increased. In this week’s MBA Chart of the Week, we examine how the loan size for fixed-rate 30-year purchase mortgage applications has changed since 2015 using MBA’s Weekly Applications Survey data.