The Mortgage Bankers Association recognizes residential and commercial/multifamily members who show leadership in the areas of Diversity, Equity and Inclusion (DEI) internally through market outreach efforts with its annual DEI Leadership Awards. Nomination deadline for this year’s awards is Aug. 13.
Category: News and Trends
May Mortgage Credit Availability Increases by 1.4%
Mortgage credit availability increased in May to its highest level since the onset of the coronavirus pandemic, but remained well below its 2019 peak levels, the Mortgage Bankers Association reported Thursday.
Dealmaker: Dwight Capital Finances $126M
Dwight Capital, New York, closed $126.2 million in financings for multifamily properties in three states.
Apartment Investment Environment Stays Steady
Freddie Mac, McLean, Va., said its Apartment Investment Market Index held steady in the first quarter as continuing low interest rates support the sector.
Despite Risk, Homes in High-Flood Areas Flying Off the (Continental) Shelves
Hurricane seasons and climate change are threatening to redraw coastal U.S. maps. But it’s not stopping homebuyers from chasing down waterfront properties.
Tom Millon, CMB, of Computershare Loan Services on Default Loan Servicing
Tom Millon, CMB, is CEO of Computershare Loan Services US, Ponte Vedra Beach, Fla.
Call for Speakers: MBA Risk Management, QA & Fraud Prevention Forum–Deadline June 29
Full session and individual speaker proposals are now being accepted for the Mortgage Bankers Association’s Risk Management, QA and Fraud Prevention Forum 2021, taking place Sept. 28–29 via MBA LIVE.
MBA CONVERGENCE Partner Profile: Cheryl Muhammad, Assured Real Estate Services
Cheryl Muhammad is owner and CEO of Assured Real Estate Services, Memphis, Tenn., which she founded in 2005. She is responsible for the company’s day-to-day operations. She has been an award-winning full-time real estate agent since 1999. She serves as Co-Chair of the CONVERGENCE Memphis Information and Trust Gap Workstream.
MBA Weekly Applications Survey June 9, 2021: Fewer Borrowers Despite Low Rates
Mortgage application activity fell again from one week earlier, despite a slight uptick in purchase applications, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending June 4.
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“A rapidly improving economy and job market has freed up jumbo credit, as banks have deposits to utilize. However, there is still plenty of restraint, as many sectors have not fully returned to pre-pandemic capacity, and there are around 2 million borrowers still in forbearance.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.