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Category: News and Trends
MBA Weekly Applications Survey Feb. 16, 2022: 30-Year Rates Push Above 4%
Mortgage interest rates pushed above 4 percent for the first time since 2019 and sent mortgage applications tumbling for the second straight week, the Mortgage Bankers Association reported Wednesday.
MISMO Seeks Comment on Reporting Guide to Facilitate Exchange of Forbearance Data
MISMO®, the real estate finance industry standards organization, seeks public comment on a new guide and sample credit response designed to help industry professionals using MISMO Reference Models v3.4 and v3.5 better report on loans that have been in or are in forbearance.
‘Magic’ Real Estate Investment
SAN DIEGO–Earvin “Magic” Johnson says he always thinks ahead.
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.
MBA Submits Comments to OCC on Draft Principles for Climate-Related Financial Risk Management
The Mortgage Bankers Association this week submitted comments to the Office of the Comptroller of the Currency on its draft principles for climate-related financial risk management for large banks.
CoreLogic: Single-Family Rent Growth Triples Year Over Year
CoreLogic, Irvine, Calif., said single-family rent prices experienced extensive growth during 2021, increasing an average of 7.8% compared to 2.6% in 2020.
Dealmaker: Gantry Secures $19M for Idaho Industrial Assets
Gantry, San Francisco, secured $18.7 million in permanent financing for a four-building Idaho Falls warehouse portfolio, 100 percent leased at loan closing in a mixed-tenant format.
Quote
“When I look at what we’ve been able to do, I see that our community now has quality retail and housing options. Now we need to make sure that we can get the loans.”
–Earvin “Magic” Johnson, speaking Tuesday at CREF22 in San Diego.
MBA Forecast: 2022 Commercial/Multifamily Lending to Hit Record $1 Trillion
SAN DIEGO — Total commercial and multifamily mortgage borrowing and lending is expected to break $1 trillion for the first time in 2022, the Mortgage Bankers Association reported Monday at its 2022 Commercial/Multifamily Finance Convention and Expo.