Sue Woodard is a director of AXIS Lending Academy. She is also the chief customer officer at Total Expert, a CRM and customer engagement platform built specifically for the financial services industry.
Category: News and Trends
Office Market Recovery Pauses In August Amid COVID Flareups
The large-market office sector recovery lost momentum in August amid renewed concerns about COVID-19 variants, reported CBRE, Dallas.
Dealmaker: Walker & Dunlop Arranges $30M for 110 Build-for-Rent Homes
Walker & Dunlop, Bethesda, Md., arranged $30.3 million in construction financing for The Clublands of Antioch by Moda Homes, a 110-unit single-family rental community in Antioch, Ill.
Broeksmit: MBA ‘Working Hard for You’
Mortgage Bankers Association President & CEO Robert Broeksmit, CMB, kicked off the MBA Risk Management, QA and Fraud Prevention Forum with a tacit acknowledgement that the past year has been the busiest for the real estate finance industry in years.
Consumer Confidence Falls to 7-Month Low
Consumer confidence took another hit in September, The Conference Board reported Tuesday, as the lingering Delta variant and concerns over the economy interrupted momentum sent the index to a seven-month low.
CoreLogic Report Finds Idaho, Wyoming at Disproportionate Economic Risk for Wildfire
You’d think that when analyzing wildfire risk, California would be at the top. But a CoreLogic analysis of additional factors, such as reconstruction resources and economic recovery potential, found that Idaho and Wyoming are the states at most risk.
Home Price Index Reports Record-High 19.7% Annual Gain
Annual home price growth of 20 percent—once considered as unrealistic as, say, the Cleveland Browns winning a Super Bowl—is suddenly, like the Browns, a very distinct possibility.
MBA: 2Q Commercial/Multifamily Mortgage Debt Outstanding Up 1.5%
Commercial/multifamily mortgage debt outstanding increased by $60.7 billion (1.5 percent) in the second quarter, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Mortgage Debt Outstanding report.
Quote
“COVID-19 put risk management, quality assurance and fraud prevention at the forefront of real estate finance. From the moment the pandemic hit, you were called into action to an unprecedented extent. Not only did you quickly adopt new standards and practices, but you also did so at a time of record-breaking volume.”
–MBA President & CEO Robert Broeksmit, CMB, opening the MBA Risk Management, QA and Fraud Prevention Summit on Tuesday.
MBA: Loans in Forbearance Fall Under 3%
Loans in forbearance fell to under 3 percent for the first time since March 2020, the Mortgage Bankers Association reported Monday.