Commercial mortgage-backed securities defeasance volume soared during late 2021 and into January, but that trend could be ending, said Fitch Ratings, New York.
Category: News and Trends
Dealmaker: George Smith Partners Secures $65M for Multifamily, Industrial
George Smith Partners, Los Angeles, arranged $64.7 million in financing for a California apartment building and a Texas industrial park.
Employment Data Positive Ahead of Friday’s Jobs Report
Two key indicators of U.S. employment—the ADP National Employment Report and the Labor Department’s Initial Claims report—showed improvement ahead of this morning’s Employment report from the Bureau of Labor Statistics.
Mark Walser of Incenter Appraisal Management on Desktop Appraisal Developments
Mark Walser is President of Incenter Appraisal Management, Charlotte, N.C., a national AMC and creator of the RemoteVal remote/desktop appraisal technology platform.
MISMO Wins 2022 HousingWire Tech100 Award
MISMO®, the real estate finance industry standards organization, is a winner of the 2022 HousingWire Tech100 award.
The MBA Home for All Pledge
The MBA Home for All Pledge represents our industry’s long-term commitment on a sustained and holistic approach to address racial inequities in housing.
Quote
“Remote virtual appraisal technology, where an appraiser can see a property rather than the person, provides a basis for a quality valuation while eliminating some of the misunderstandings or personality conflicts that may come from physically being there. In addition, minority communities that are underserved, or rural communities that experience the same appraiser availability issues, can benefit from faster and less expensive appraisal processes enabled by these remote virtual technologies.”
–Mark Walser, President of Incenter Appraisal Management, Horsham, Pa.
Regulators, MBA Urge Cybersecurity Vigilance as Worldwide Tensions Escalate
As the Russian invasion of Ukraine escalates and governments worldwide impose economic sanctions, financial regulators have begun to issue guidance in anticipation of potentially heightened cybersecurity attacks and virtual currency disruptions.
Tester, Tillis Introduce LIBOR ‘Tough Legacy’ Bill; MBA, Trade Groups Urge Senate Support
Sens. Jon Tester, D-Mont., and Thom Tillis, R-N.C., yesterday introduced a bill that addresses “tough legacy” contracts that currently reference LIBOR. The Mortgage Bankers Association and more than two dozen industry trade groups sent a letter to Senate leadership in support of the bill.
People in the News Mar. 4, 2022: Kelli Yarbrough Joins BSI as SVP
BSI Financial Services, Irving, Texas named Kelli Yarbrough as senior vice president and chief lending officer. She will be responsible for all lending operations, growing the firm’s loan portfolio and managing a team of dedicated loan officers and underwriters.