On Wednesday, the Mortgage Bankers Association released its first quarter Commercial/Multifamily DataBook.
Category: News and Trends
May Pending Home Sales Jump 8%
Pending home sales rose strongly to the highest reading for May since 2005, the National Association of Realtors reported Wednesday.
ADP: June Private-Sector Employment Grows by 692,000
In the first of three reports this week gauging the state of U.S. employment, ADP, Roseland, N.J., said private-sector employers added 692,000 jobs in June.
Freddie Mac: Moratoria Staved Off Eviction Crisis During Pandemic
Freddie Mac, McLean Va., said federal and local moratoria in response to the COVID-19 pandemic largely prevented an eviction crisis involving property renters—but the amount of back rent still owed is a “concerning factor” going forward.
Dealmaker: Marcus & Millichap Arranges 9-Property Hospitality Portfolio Sale
Marcus & Millichap, Encino, Calif., arranged a sale of nine hospitality properties across nine states to Lockwood Development Partners, totaling 1.55 million square feet with a value of $225 million.
MBA Weekly Applications Survey June 30, 2021: Apps Fall to Near 18-Month Low
Mortgage applications fell to their lowest level in nearly a year and a half amid volatile interest rate activity, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending June 25.
Call for Speakers: MBA Regulatory Compliance Conference, Deadline Friday
The Mortgage Bankers Association issued a Call for Speakers for its Regulatory Compliance Conference, taking place Sept. 12-14 at the Grand Hyatt in Washington, D.C. Speaker proposals are due Friday, July 1.
MISMO Seeks Public Comment on Commercial Green Utility Dataset
MISMO®, the real estate finance industry standards organization, seeks public comment on a proposed standard for Commercial Green Utility Data. The 90-day comment period begins June 30 and runs through September 30.
MBA, Trade Groups Urge Fairness on ‘Carried Interest;’ Support for ‘INVEST in America’ Bill
The Mortgage Bankers Association and more than a dozen industry trade groups warned Congress that legislation and a separate Biden Administration proposal to change longstanding tax laws on “carried interest” could have damaging implications for Americans who use partnerships to develop, own and operate real estate.
Clint Salisbury: The RON Revelation–Why a Return to Normal Shouldn’t Mean a Return to the Status Quo
With recent events leading to a massive increase in the use of RON, borrowers have seen they can close on their mortgage from the convenience of their kitchen table, and they’re wondering why that can’t always be the case.