Our recent acquisition was the exception: Pacific Western Bank provided us with the capital base to take us to new levels without “bankifying” us, and our business has had 12 straight record-breaking months since. It’s been a tremendous success. Given the likelihood there will be many more acquisitions in the industry’s near future, it seems useful to look back and understand why.
Category: News and Trends
mPower Your Career Webinar Series Feb. 28: Being You is Your Superpower!
mPower presents the next in its Career Webinar series, Being You is Your Superpower! on Monday, Feb. 28 from 2:00-3:00 p.m. ET.
MBA Chart of the Week: Warehouse Lines for First Mortgages
The average usage level of first-mortgage warehouse lines – the percentage of outstanding borrowings to warehouse facility limits – fell for the sixth consecutive quarter to 38% as of the end of the fourth quarter, according to MBA’s quarterly Warehouse Lending Survey.
CREF22: ESG, CRE and Green Lending
SAN DIEGO — As climate change intensifies, investors, owners and lenders increasingly demand environmental, social and governance reporting, panelists said here at the Mortgage Bankers Association’s 2022 Commercial/Multifamily Finance Convention and Expo.
MBA Advocacy Update Feb. 22 2022
Last Monday, MBA submitted comments to the OCC on draft principles for large banks’ management of climate-related financial risk. On Tuesday, the FHA announced it is extending the mandatory implementation deadline for mortgagees to begin delivering appraisals through the FHA Catalyst: Electronic Appraisal Delivery Module.
Existing Home Sales Fire Up as Rates Rise
Ahead of rapidly rising interest rates and a dearth of new housing, the National Association of Realtors on Friday said January existing home sales jumped by nearly 7 percent from December.
Dealmaker: Northmarq Arranges $34M for Retail Properties
Northmarq, Minneapolis, secured $34 million for retail assets in Minnesota and Texas.
People in the News Feb. 22, 2022: Shelley Duffy Joins Incenter LLC as SVP
Incenter LLC, Philadelphia, named Shelley Duffy Senior Vice President of Enterprise Sales.
MBA State & Local Workshop in Washington Apr. 25-26
The Mortgage Bankers Association’s State and Local Workshop 2022 takes place Apr. 25-26 at the Renaissance Downtown Hotel in Washington, D.C., just ahead of the MBA National Advocacy Conference.
MBA Chart of the Week: Warehouse Lines for First Mortgages
The average usage level of first-mortgage warehouse lines – the percentage of outstanding borrowings to warehouse facility limits – fell for the sixth consecutive quarter to 38% as of the end of the fourth quarter, according to MBA’s quarterly Warehouse Lending Survey.