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“Multifamily borrowing and lending remained strong in 2020 despite the COVID-19 pandemic. Robust financing for properties, increased refinancing activity through government-backed loans and consistent mortgage availability from banks led the market to a level of mortgage originations that was essentially flat from the record year of 2019.”
–Jamie Woodwell, MBA Vice President of Commercial Real Estate Research.

MBA: GSE Compensation Should be Sufficient to Attract Best Talent

The most important asset Fannie Mae, Freddie Mac and the Federal Home Loan Banks have is their human capital, so their compensation must be sufficient to attract and retain top talent, the Mortgage Bankers Association said in a letter to the Federal Housing Finance Agency Tuesday.

Paul Anselmo of Evolve Mortgage Services: Defragmenting the Digital Closing Process

Paul Anselmo is CEO and founder of Evolve Mortgage Services, Frisco, Texas, a provider of outsourced mortgage platforms. He has more than 30 years of experience in the banking and mortgage industries. Previously he served as president, CEO and founder of Mortgage Resource Network (MRN), a business process outsourcer and technology provider to the mortgage industry. In 2019, he was honored as a “Lending Luminary” by the PROGRESS in Lending Association.

ATTOM: Home Profits Take Unusual 2Q Dip

ATTOM, Irvine, Calif., said profit margins for home sellers took an unusual dip in the second quarter but still were far above where were they were a year earlier.