Mortgage applications, led by renewed interest in purchases, increased by nearly 3 percent from one week earlier, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending August 6.
Category: News and Trends
July Foreclosure Activity Dips Slightly
ATTOM, Irvine, Calif., released its July U.S. Foreclosure Market Report, showing 12,483 U.S. properties with foreclosure filings, down 4 percent from a month ago but up 40 percent from a year ago.
CFPB: Mortgage Servicers’ Pandemic Response Varies Significantly
The Consumer Financial Protection Bureau on Tuesday published a report detailing 16 large mortgage servicers’ COVID-19 pandemic response. The report showed a disparate response in call metrics, exit metrics and other measures.
Commercial Real Estate Construction Activity Continues to Drop
Moody’s Analytics REIS, New York, reported commercial real estate completions fell in the second quarter from an already record low first quarter.
MBA Recognizes Select Members
MBA is proud to recognize its Premier and Select Associate Members and to thank them for their continued support of MBA and the real estate finance industry.
MBA Recognizes Premier Members
MBA is proud to recognize its Premier and Select Associate Members and to thank them for their continued support of MBA and the real estate finance industry.
Rida Sharaf: Ready…Set… Go! The Mortgage Industry’s Upcoming Obstacle Course
As yet another extension of the nationwide pandemic eviction and foreclosure restrictions is put in place (at least for federally back mortgages), the mortgage industry is bracing for formidable challenges on a number of fronts.
Dealmaker: Island Capital Group Acquires New York’s Lexington Hotel for $185M
Island Capital Group LLC, New York, acquired the Lexington Hotel in Midtown Manhattan for $185 million in a joint venture with MCR Investors LLC and Three Wall Capital LLC.
MBA DEI Leadership Awards: Nomination Deadline Aug. 13
Inspire change; share success. The Mortgage Bankers Association recognizes residential and commercial/multifamily members who show leadership in the areas of Diversity, Equity and Inclusion (DEI) internally through market outreach efforts with its annual DEI Leadership Awards.
People in the News August 11, 2021
SimpleNexus, Lehi, Utah, announced executive appointments in operations and revenue generation.