ATTOM, Irvine, Calif., released its fourth-quarter Vacant Property and Zombie Foreclosure Report, showing 1.3 million residential properties in the United States sit vacant, representing 1.3 percent, or one in 75 homes, in the U.S.
Category: News and Trends
STRATMOR Group Finds Disconnect Between Tech Spending, Lender Productivity
Mortgage advisory firm STRATMOR Group, Greenwood Village, Colo., thinks it knows why lenders have found it difficult to achieve suitable returns on their technology investments.
Dealmaker: NorthMarq Secures $60M
NorthMarq, Minneapolis, secured $60 million for industrial, multifamily and retail properties in three states.
Sam Verna of Peoples Processing: Automation–A Critical Element for the Emerging Non-QM Sector
Against the background of plummeting refinance activity, there has been a growing level of competition to service limited loan volume. Coupled with the tighter business conditions, market norms have rapidly changed, and so have the borrower profile. These changes have been encouraging lenders to consider getting into the Non-QM space to ensure smooth business continuity.
MBA Offers Recommendations on FHFA GSE Equitable Housing Finance Plans
The Mortgage Bankers Association this week sent a letter to the Federal Housing Finance Agency, offering recommendation to improve Fannie Mae and Freddie Mac’s efforts to address long-standing challenges related to housing equity and the racial homeownership gap.
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“MBA is concerned that the Treasury Department’s new tax information reporting plan, if enacted into law as part of the proposed reconciliation package under discussion, would capture many routine mortgage-related transactions, result in significantly increased tax compliance costs for individuals, families and small businesses, and present privacy concerns regarding potential data breaches.”
–MBA Senior Vice President of Legislative and Political Affairs Bill Killmer, writing in support of S.3056, introduced by Sen. Tim Scott, R-S.C.
MBA Weekly Applications Survey Oct. 27, 2021: Applications, Rates Up 2nd Straight Week
Mortgage applications rose for the second straight week—but so did interest rates, which reached a nine-month high, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending October 22.
Mark P. Dangelo: 2022 C-Suite Agendas Meet New Realities
The challenges of the executing against traditional business prescriptions are many—at a minimum due to changes in strategy, personnel, convention, ecosystems, innovations, and cloud (maturity). The accepted top-down agenda setting management theory of academics and consultants constructed in silos of efficiency are being called into question.
Worried about Tapering? Chris Bennett Says ‘Relax’
It’s not often the mortgage industry plays coy when it comes to certain topics, but currently, there are rumblings about the T-word – tapering. There’s a couple of misconceptions about tapering and what that might mean, especially for mortgages and mortgage-backed securities. Let’s clear those up.
Wuthering Heights: Rent Control Proposals Make the Rounds
Many would agree that commercial real estate has not had a classic economic downturn since the Great Recession. That is important to consider in business planning generally, and specifically as apartment rents increase across the country.