Registration for the Mortgage Bankers Association’s Annual Convention & Expo, taking place Oct. 17-20 at the San Diego Convention Center, is officially open. Join MBA in San Diego as Academy Award- and Presidential Medal of Freedom Award-winning actress Rita Moreno keynotes the mPower Luncheon on Tuesday, Oct. 19.
Category: News and Trends
Industry Briefs Aug. 24, 2021: LRES Acquires Keystone Asset Management
LRES Corp., Orange, Calif., signed a definitive agreement to acquire Keystone Asset Management Inc., a Pennsylvania corporation. The deal is expected to be completed September 1, and the joined companies will operate under the LRES Corporation name.
CMBS Delinquency, Special Servicing Rates Dip Again
“More of the same” was the commercial mortgage-backed securities delinquency rate headline in July, according to Trepp Senior Managing Director Manus Clancy.
July New Home Sales Post 1% Increase
New single‐family home sales posted a modest 1 percent increase in July amid more signs of a stabilizing housing market, HUD and the Census Bureau reported Tuesday.
Dealmaker: Landmark Properties, Blackstone Announce $784M Student Housing Venture
Landmark Properties, Athens, Ga., and Blackstone Real Estate Income Trust, New York, launched a joint-venture partnership to recapitalize eight student housing assets totaling 5,416 beds across the U.S.
MBA: IMB Profits Slow in 2nd Quarter
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $2,023 on each loan they originated in the second quarter, down from $3,361 per loan in the first quarter, the Mortgage Bankers Association reported Tuesday in its Quarterly Mortgage Bankers Performance Report.
Josh Lehr of Total Expert on How Data-Driven Communication Transcends Channels and Drives Lifetime Value
Josh Lehr is Director of Technology Alliances with Total Expert, Minneapolis, a fintech software company that built the first customer experience platform purpose-built for financial institutions.
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“The purchase index was at its highest level since early July, despite still continuing to lag 2020’s pace. There was also some easing in average loan sizes, which is potentially a sign that more first-time buyers looking for lower-priced homes are being helped by the recent uptick in for-sale inventory for both newly built homes and existing homes.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
Sponsored Content from Finastra: Consumers Are Buying, But Are You Providing the Mortgage?
Financial institutions are losing ground in the battle for mortgages. Learn what FIs could do to take back market share.
Joe Camerieri of Mortgage Cadence: How Analytics will Drive Success in Mortgage
Dealing effectively with a fast-changing market is only possible when data analysts can pull real business insight out of big pools of data. Fortunately, we have access to the technologies to help lenders get this job done.