While “The Law of Averages” may apply to a wide variety of activities, hedging isn’t one of them. For a mortgage lender to extract the most value out of their hedging strategy, that strategy must be specific to their organization and its unique make-up.
Category: News and Trends
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MBA Weekly Applications Survey June 16, 2021: After 3 Weeks, a Rebound
Mortgage applications rose for the first time in three weeks as key interest rates fell to their lowest level since May, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending June 11.
Dealmaker: NorthMarq Secures $35M to Refinance Mixed-Use, Multifamily
NorthMarq, Minneapolis, arranged $35M to refinance mixed-use and multifamily properties in Texas and Arizona.
Single-Family Rent Growth Exceeds Pre-Pandemic Rates
Rent growth in single-family rental properties now exceeds pre-pandemic rates across all price tiers, including low-end rentals for the first time, reported CoreLogic, Irvine, Calif.
Material Challenges Dampen Home Builder Sentiment
In the first of three reports this week on new home building, the National Association of Home Builders said rising material prices and supply chain shortages resulted in builder confidence dipping to its lowest level since August 2020.
ATTOM: May Foreclosure Starts Up 36% YOY
ATTOM, Irvine, Calif., reported 10,821 U.S. properties with foreclosure filings in May, down 8 percent from a month ago but up 23 percent from a year ago. Foreclosure starts, which represent the initial notice of default, grew by 36 percent year-over-year.
Jim Paolino of Mortgage Sentinel: It’s Time for Lenders to Start Planning for a Changing Market
Demographic and other changes indicate mortgage industry is at a crossroads with the way we’ve done business for years.
Former MBA Chairman Michael Young Passes Away
The Mortgage Bankers Association learned of the recent death of Michael W. Young, who founded Cenlar Federal Savings Bank, Ewing, N.J., and served as MBA Chairman in 2011-2012.
Dealmaker: NorthMarq Secures $35M to Refinance Mixed-Use, Multifamily
NorthMarq, Minneapolis, arranged $35M to refinance mixed-use and multifamily properties in Texas and Arizona.