Fitch Ratings, New York, said the commercial mortgage-backed securities delinquency rate dipped nine basis points in December to 2.67 percent, driven by robust new issuance, continued loan resolutions and fewer new delinquencies.
Category: News and Trends
The Week Ahead Jan. 10, 2022: Six Things to Know
Good morning and Happy Monday! Here are six things to know this week:
Dealmaker: Jair Lynch Acquires Plaza Towers for $66M
Jair Lynch Real Estate Partners, Washington, D.C., acquired 288-unit high-rise Plaza Towers in Hyattsville, Md. for $65.8 million, or $228,929 per unit.
MBA Chart of the Week Jan. 7 2022: Insured Employment 2020-2021
This week’s MBA Chart of the Week highlights the steep rise in insured unemployment at the start of the pandemic (March 2020) and its steady decline through the fall of 2021 as the labor market improved (and related government financial support to households waned).
Quote
“Although waxing and waning of the pandemic and unusual seasonal patterns led to some month-to-month volatility in job growth, the pace of recovery overall in the job market has been remarkable. The unemployment rate is now at 3.9%; the economy is at full employment.”
–MBA Chief Economist Mike Fratantoni.
Call for Nominations: MBA NewsLink 2022 Tech All-Star Awards; Deadline Jan. 21
The nomination period for the MBA NewsLink 2022 Tech All-Star Awards is underway with a new, simplified entry form. Nominations will be accepted through Friday, Jan. 21.
Bruce Schultz of Gateway First Bank: Promoting Affordable Homeownership in the Age of COVID
The COVID-19 pandemic presents residential mortgage lenders with an opportunity to expand their role in a critically needed area of community development – advancing affordable homeownership.
MBA Servicing Solutions Conference & Expo in Orlando Feb. 22-25; Early Registration Deadline Jan. 11
The Mortgage Bankers Association’s Servicing Solutions Conference & Expo 2022 takes place Feb. 22-25 at the Hyatt Regency Orlando. Early registration deadline is this Tuesday, Jan. 11–save more than $200 by registering now.
Fred Gooch of First American Docutech: National RON Standard Will Boost Lender, Borrower Adoption of Digital Closings
Importantly, the SECURE Notarization Act does not replace traditional in-person notarization, which will remain an option for anyone who chooses it. Rather, it simply allows RON as an additional alternative for lenders and consumers. The SECURE Notarization Act preserves and expands consumer choice.
Tara Dugan of Tavant: Collectively Digitizing Housing Gap Solutions
Are new housing policies focused on making homeownership affordable and sustainable enough? Decades of continued discrimination due to lack of equal access for minorities responsible for the ever-growing housing gap would suggest not.