Pending home sales dipped modestly in July, the National Association of Realtors said Monday, marking the second straight monthly downturn.
Category: News and Trends
Commercial and Multifamily Briefs from KKR, JLL
KKR, New York, formed Strategic Lease Partners, a new platform to invest in triple-net lease real estate.
Dealmaker: Phillips Realty Capital Structures $58M for Florida Industrial Portfolio
Phillips Realty Capital, Bethesda, Md., closed a $57.5 million bridge loan for a four-property, 740,400-square-foot industrial portfolio in Miami and Tampa, Fla.
MBA Live – Risk Management, QA and Fraud Prevention Forum Sept. 28-29; Early Registration Deadline TODAY
The Mortgage Bankers Association’s Risk Management, QA and Fraud Prevention Forum, taking place through MBA Live Sept. 28-29, is the largest annual event for mortgage professionals in the risk, quality control, underwriting and fraud prevention divisions of residential mortgage firms across the country.
MBA Advocacy Update Monday Aug. 30 2021
On Tuesday, the House voted to adopt a $3.5 trillion budget resolution framework for Fiscal Year 2022. Also on Tuesday, MBA submitted a joint coalition letter to HUD on its disparate impact rule.
Quote
“The share of loans in forbearance changed little once again this week, as both new requests and exits remained at a slow pace. We expect a sharp increase in forbearance exits over the next month as many borrowers reach the 18-month mark and see their forbearance plans end. For those borrowers who have exited in August, the majority either enter deferral plans or obtain modifications.”
–Mike Fratantoni, MBA Senior Vice President and Chief Economist.
MBA Chart of the Week Aug. 30 2021: IMB Net Production Profit & Purchase Share
In this week’s MBA Chart of the Week, we look at net production profit in basis points, relative to the purchase share of total first mortgage originations by dollar volume over a five-year time span – second quarter 2016 through second quarter 2021.
Call for Speakers: MBA Servicing Solutions Conference & Expo 2022—Deadline Sept. 13
Speaking proposals are now being accepted for the Mortgage Bankers Association’s Servicing Solutions Conference & Expo 2022, taking place February 22-25 in Orlando, Fla.
Greer Allgood of Wipro Opus Risk Solutions: Managing Mortgage Underwriters Remotely
For years, mortgage underwriters have been accustomed to working from home a few days a week; consequently, during the pandemic, it was not much of a challenge to transition to a 100% remote working scenario. What has been a challenge is managing these highly-skilled employees and maintaining their morale at the same time. The great news is that it can be done.
Tim Anderson of Evolve Mortgage Services: Wide eMortgage Adoption Remains Elusive
Tim Anderson is EVP and Director of eMortgage Strategy for Evolve Mortgage Services, where he is responsible for overseeing deployment of the company’s end-to-end digital closing platform and developing strategic partner relationships.