Trepp LLC, New York, reported the commercial mortgage-backed securities delinquency rate declined again in May, posting its biggest drop in three months.
Category: News and Trends
The Week Ahead—June 8, 2021
This week, it’s business as usual—at least as “usual” things can be in the pandemic era. Congress is in town, and the Mortgage Bankers Association is busy.
MBA Chart of the Week June 7, 2021: In-House Servicer Direct Servicing Costs by Function in 2020
MBA Research recently wrapped up its annual Servicing Operations Study, a deep dive analysis of servicing costs, productivity, portfolio activity and operational metrics for in-house servicers. In this week’s chart, we show 2020 direct servicing costs allocated by functional area.
Dealmaker: Walker & Dunlop Secures $38M in Bridge Financing
Walker & Dunlop, Bethesda, Md., arranged $37.6 million in bridge financing and a joint venture partnership for The Bungalows on Pine Cliff, a build-for-rent housing development in Flagstaff, Ariz.
Industry Briefs June 5, 2021
Zillow, Seattle, said Asian-headed households in the U.S. grew by 83% in the past two decades, far exceeding Latinx, Black, and white household growth. But that broad success masks major challenges to homeownership in the highly diverse community.
Rick Triola: Proven a 2020 Best-Practice, RON Poised for Standard Operating Procedure in Mortgage Closing
For all intents and purposes, RON has truly been a global solution, and given the renewed effort at the federal level for nationwide RON authorization, the shift may happen sooner rather than later for any remaining nay-sayers.
Despite Quarterly Decline, IMB Production Profits Post Record 1st Quarter
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $3,361 on each loan they originated in the first quarter, down from $3,738 per loan in the fourth quarter but still the highest first-quarter net gain in the history of the Mortgage Bankers Association’s Quarterly Mortgage Bankers Performance Report.
Mark P. Dangelo: Purging of Underperforming Innovation Firms Is Accelerating
As banking, mortgage and financial services look to remain innovatively different, the quest to “do something” that leverages their people, processes and partners is creating a dystopia during a period of profitability for many leaders unfamiliar with rapid innovations taking place across their markets and offerings.
Zaid Shariff of SLK Global Solutions: Avoiding CFPB Regulatory Actions by First Cutting Complaints
Zaid Shariff is vice president – head of solution design and product implementation for SLK Global Solutions, a provider of digital platforms and business process management solutions to the banking, mortgage and financial services industries.
Quote
“The decrease in initial claims for unemployment insurance in recent weeks, the continued robust demand for workers as shown by the high level of job openings, and other data showing increasing economic activity, point to more hiring over the summer. MBA is sticking with our forecast of a 4.5% unemployment rate by the end of the year.”
–MBA Chief Economist Mike Fratantoni.