“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.
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.
Mortgage applications decreased 1.7% from the week before, the Mortgage Bankers Association reported in its Weekly Mortgage Applications Survey for the week ending July 30, 2021.
Loans in forbearance fell for the twenty-second consecutive week, the Mortgage Bankers Association said on Monday.
The Centers for Disease Control and Prevention issued a new order temporarily halting residential evictions through October 3 in counties with “heightened levels of community [COVID-19] transmission.”
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.
Slightly under five million households did not make their rent or mortgage payments in the second quarter, updated research from the Mortgage Bankers Association’s Research Institute for Housing America reported.
Fitch Ratings, New York, said a property’s environmental impact and sustainability may influence commercial mortgage-backed securities bond ratings in single-asset single-borrower and large-loan transactions.
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.
Yesterday the Centers for Disease Control and Prevention issued a new order temporarily halting residential evictions through October 3 in counties with “heightened levels of community [COVID-19] transmission.”
