Initial claims for unemployment insurance climbed back up last week after falling to pre-pandemic levels the previous week, the Labor Department reported Thursday.
Category: News and Trends
People in the News Dec. 3, 2021: Fannie Mae Announces New Finance Leadership Structure
Fannie Mae, Washington, D.C., appointed Chryssa C. Halley to Executive Vice President and Chief Financial Officer and promoted Jim L. Holmberg to Senior Vice President and Controller.
Dealmaker: JLL Arranges $690M For 44-Property Portfolio
JLL, Chicago, arranged $690 million for a portfolio of 44 net-leased industrial, office and data center properties totaling 6.85 million square feet in 10 states.
Sneak Peak: KBRA Analysts Look to 2022 Commercial Mortgage-Backed Securities Sector
Kroll Bond Rating Agency, New York, just released its 2022 Sector Outlook—CMBS: Full Steam Ahead report. MBA NewsLink interviewed KBRA’s Larry Kay and Patrick McQuinn to get their insights on the current lending environment and property fundamentals as well as factors that may affect property performance in 2022.
MBA Servicing Solutions Conference & Expo in Orlando Feb. 22-25
The Mortgage Bankers Association’s Servicing Solutions Conference & Expo 2022 takes place Feb. 22-25 at the Hyatt Regency Orlando.
Quote
“The number of homes for sale typically declines another 15% in December. That means that by the end of the year, there will likely be 100,000 fewer homes for sale than there were in February when housing supply last hit rock bottom.”
–Redfin Chief Economist Daryl Fairweather.
RIHA Study: U.S. Household Net Worth Up 17.6% Between 2016-2019
The median net worth of U.S. households increased from $103,000 in 2016 to $127,000 in 2019 – a gain of 17.6% and the highest amount since 2007, according to The Distribution of Wealth in America Since 2016, a new report released Thursday by the Mortgage Bankers Association’s Research Institute for Housing America.
Dennis Postlewait of HCL Technologies: Next-Gen Lending Solutions for Efficiency and Cost Optimization
How has digital transformation permeated across loan and mortgage services, and how can experienced partnerships prove valuable? We shall try to examine the current state of the industry and highlight the role of transformation partners.
MISMO Seeks Public Comment on Two Engineering Guidelines
MISMO®, the real estate finance industry standards organization, seeks public comment on MISMO Engineering Guidelines (MEG) 16 and 42. The 30-day public comment period for these guidelines runs through December 30.
Arjun Raman of Wipro Opus Risk Solutions: Strapped for Time–Empower Overworked Staff with Outsourcing
The economic effects of the pandemic have placed strains on the day-to-day operations of servicers. An established relationship with a strategic outsourcing partner can streamline efficiency and productivity, resulting in improved scalability, increased cost savings and expertise at the ready.