Capital One provided a $13 million Fannie Mae loan to refinance La Corona del Mar, a 107-unit apartment community in San Pedro, Calif.
Category: News and Trends
Race for Life Sciences Lab Space Heated Up in First-Half 2021
Life-science lab space has emerged as a coveted sector as hefty increases in funding and employment fuel both demand for and construction of lab space in leading U.S. life-science markets, reported CBRE, Dallas.
People in the News July 22, 2021
Evolve Mortgage Services, Frisco, Texas, hired Tim Anderson as executive vice president and director of eMortgage strategy, to oversee further deployment of its digital closing platform.
Industry Briefs July 22, 2021
Covius, Denver, announced New American Funding implemented Covius Document Solutions for its default servicing operations. Specifically, New American will use Covius’ 50-state template library and on-demand printing services to prepare and deliver compliant pre-foreclosure/breach letters.
MBA Weekly Applications Survey July 21, 2021: Apps Decrease
Mortgage applications decreased 4.0 percent from one week earlier, the Mortgage Bankers Association reported in its Weekly Applications Survey for the week ending July 16. The previous week’s results included an adjustment for the Fourth of July holiday.
Housing Market Expected to Remain Strong Despite Supply, Price Concerns
The low mortgage rates that have supported the housing market throughout the pandemic will likely increase later this year, but just gradually, said Freddie Mac, McLean, Va.
Builder Confidence Edges Lower as Material Challenges Persist
Strong buyer demand partially offset building material supply-side challenges, regulation and labor as builder confidence in the market for newly built single-family homes inched down one point to 80 in July, the National Association of Home Builders/Wells Fargo Housing Market Index reported.
MISMO RON-Certified Platforms Increase 40%
MISMO®, the real estate finance industry’s standards organization, announced that 14 technology platforms have now successfully completed MISMO Remote Online Notarization (RON) certification.
MISMO RON-Certified Platforms Increase 40%
MISMO®, the real estate finance industry standards organization, announced 14 technology platforms have now successfully completed MISMO Remote Online Notarization (RON) certification.
Domino Effect: Single-Family Rent Growth Rate Spikes in May as Housing Economy Challenges Persist
CoreLogic, Irvine, Calif., said single-family rent growth reached 6.6% year-over-year in May, up from a 1.7% year-over-year increase in January 2020.