Housing starts stumbled out the gate in January amid ongoing supply chain issues and labor shortages, HUD and the Census Bureau reported Thursday.
Category: News and Trends
CoreLogic: 1 in 10 U.S. Residential Properties Affected by Natural Disasters in 2021
CoreLogic, Irvine, Calif., said nearly 14.5 million single-family and multifamily homes—nearly 10 percent of all U.S. residential properties—were directly affected by natural disaster events in 2021.
Dealmaker: JLL Secures $56M for Boston Construction Financing
JLL Capital Markets, Chicago, arranged $56 million in construction financing to develop 149 Newbury Street, a 43,500-square-foot retail and office development in Boston’s Back Bay neighborhood.
MBA Offices Closed Monday
Offices of the Mortgage Bankers Association will be closed on Monday, Feb. 21 in observance of the Presidents Day holiday.
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.
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“COVID definitely accelerated the trend, but the office won’t be the same. In our industry, people learn the business via an apprenticeship model, not through Zoom meetings. Maybe this will sound like ‘2010 called and asked for its business model back,’ but we have to keep talent growing in a changed business environment.”
–Justin Wheeler, CEO of Berkadia, New York.
January Builder Applications Up from December; Down from Year Ago
Mortgage applications for new home purchases rose in January from a month ago but fell year over year, the Mortgage Bankers Association reported Friday.
(Mortgage M&A Trends) Bill Tessar of CIVIC: When an Acquisition Works—And What Lies Ahead for the Industry
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.
CREF22: As Issuance Rebounds, Securitization Products Adapt
SAN DIEGO–Commercial mortgage-backed securities are evolving as issuance bounces back, analysts said here at the 2022 MBA Commercial/Multifamily Finance Convention and Expo.
Scott Roller: Turning Vendor Management into a Profit Center
Author Robert H. Schuller is credited for the saying, “Tough times never last, but tough people do.” As the historic refinancing boom has ended and flips to a purchase market, lenders need to be thinking it is time to get tough.