Commercial real estate lending markets are on a tear heading into the last months of 2021. Life insurance companies are one of many capital sources benefiting from improved transaction volumes and economic fundamentals.
Category: News and Trends
People in the News Nov. 22, 2021: BlackFin Taps Wendy Peel to Lead Reverse Mortgage Practice
BlackFin Group, Englewood, Colo., hired Wendy Peel to serve as Managing Director and Partner – Reverse Mortgage Practice.
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“The tremendous work that independent mortgage companies, banks, and credit unions have done to help borrowers stay in their homes despite the severe disruption in employment and income should not be overlooked. A reason for the success thus far has been the lessons we all learned from the last financial crisis, not the least of which is the importance of clear, honest communications between borrower and servicer.”
–MBA President & CEO Robert Broeksmit, CMB.
Commercial Property Price Growth Breaks Records as Demand Swells
Real Capital Analytics, New York, reported most commercial real estate types posted double-digit annual price growth in October.
STRATMOR Group Report Investigates Methods for Ensuring Better Technology Implementations
In its November Insights Report, mortgage advisory firm STRATMOR Group, Greenwood Village, Colo., said lenders who choose the right tools to empower their teams to best serve customers, and who implement these new technologies effectively, can win a significant competitive advantage via a speed-to-market strategy.
Redfin: More Balanced Housing Market in 2022
It’s mid-November, which means it’s also time for 2022 forecasts. Redfin, Seattle, never shy, says the new year will bring more balance to the housing market. However, don’t expect a buyer’s market—just more selection, less frenzy and slower price growth.
To the Point with Bob: Servicers are Helping Borrowers Through the Pandemic
Policymakers have gone to great lengths to provide servicers and borrowers the tools they need to bring about a successful resolution in the vast majority of cases. I hope that policymakers will continue to allow servicers to do what they do best – help their customers.
October Leading Economic Indicators Up Nearly 1%
The Conference Board, New York, said its Leading Economic Index for the U.S. increased by 0.9 percent in October to 118.3, following an 0.1 percent increase in September and an 0.7 percent increase in August.
Initial Claims Slow, But Maintain Post-Pandemic Low
Sometime very soon, initial claims for unemployment insurance are going to fall below 256,000—the figure from March 2020, just before the full effects of the coronavirus pandemic blindsided the U.S. economy. It’s just not happening this week.
MBA Promotes Bruce Oliver, Laura Hopkins
The Mortgage Bankers Association promoted Bruce Oliver to Vice President of Commercial and Multifamily Policy and Laura Hopkins to Vice President of Member Relations.