Demand for apartments continues to soar. RealPage, Richardson, Texas, reported the nation’s occupied apartment count jumped by more than a quarter-million units during the third quarter.
Category: News and Trends

Dealmaker: Mesa West Capital Provides $77M for Florida Apartment Community
Mesa West Capital, Los Angeles, provided $77 million in first mortgage debt for Alta Congress, a 369-unit multifamily property in Delray Beach in Palm Beach County, Fla.

MBA Chart of the Week Oct. 4, 2021
This week’s MBA Chart of the Week lists risks that will likely increase or change because of climate change along with an indication of impacted stakeholders.

MBA, Trade Groups Urge Retention of ‘Unlocking Possibilities’ Program
As Congress continues to consider fiscal year 2022 budget packages, the Mortgage Bankers Association and more than a dozen industry advocacy groups urged support of a widely documented program supporting housing supply and affordability.

Erika Martin of Enact: How the Customer Experience Has Changed Throughout the Pandemic
Customer interactions in every industry saw significant transitions to digital interactions, but this was an especially large adjustment within the mortgage industry; an industry that still relied heavily on in-person interactions and paper documentation. Let’s discuss just how much the industry has changed in the past year and a half.

Authors Malcolm Gladwell, Brad Meltzer Keynote MBA Annual Convention & Expo
Registration for the Mortgage Bankers Association’s Annual Convention & Expo, taking place Oct. 17-20 at the San Diego Convention Center, is open. Join MBA in San Diego as New York Times best-selling authors Malcolm Gladwell and Brad Meltzer keynote General Sessions.

The Week Ahead Oct. 4, 2021: Five Things to Watch
Good morning and Happy October—or, as they say in the classic rock world, Happy “Rocktober!” This month is always insanely busy for the Mortgage Bankers Association and the real estate finance industry, so let’s get started: here are five things to watch for this week:

MBA Education School of Mortgage Servicing Oct. 5-15
MBA Education’s School of Mortgage Servicing presents an overview of the basic servicing functions and the potential compliance risks of not applying appropriate processes.

RMQA21 Fraud Update: ‘Be Alert For Red Flags’
WASHINGTON, D.C.–The mortgage industry needs to be prepared for increased fraud activity as the pandemic and the recession fade, law enforcement, legal and mortgage servicing analysts said at the recent Mortgage Bankers Association’s Risk Management, QA and Fraud Prevention Forum 2021.

Quote
“If five people are doing something bad, you don’t necessarily need to catch all five, but you’d better catch at least one of them and use that case to send a message to the other four.”
–Kip Mendrygal, Partner with Locke Lord LLP, Chicago.