Lument, New York, recently closed $25.7 million in Fannie Mae loans on multifamily assets in Florida and Ohio.
Category: News and Trends
MBA, Trade Groups File Amicus Brief in Fair Debt Collections Court Case
The Mortgage Bankers Association and six other industry trade groups filed an amicus brief this week in a court case that could have profound consequences on mortgage debt collection processes.
Murali Tirupati: Reducing Loan Defect Risks with Mortgage Document Automation
In this article, we will analyze the bottlenecks due to a manual & paper intensive process that lead to loan defects. Based on this understanding, we will investigate the key business risks from such loan defects and how automation can play a role in mitigating these risks.
Fitch: Urban Multifamily Recovery ‘Years Away’ Despite Recent Demand Growth
Urban multifamily rental demand is improving as pandemic restrictions are lifted and workers return to offices, but a full recovery could take longer than prior recoveries, reported Fitch Ratings, New York.
MBA: CMF Mortgage Delinquencies Decline to Lowest Level Since Pandemic
Delinquency rates for mortgages backed by commercial and multifamily properties continue to decline, according to two reports released Thursday by the Mortgage Bankers Association.
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.
People in the News June 3, 2021
The Mortgage Bankers Association nominated Mark Jones, CEO and Co-Founder of Amerifirst Home Mortgage, Kalamazoo, Mich. to serve as its Vice Chairman for the 2022 membership year.
(The New Normal) Larry Silver: The Future of Mortgage Professionals Reimagined for a Hybrid Workplace
Working from home proved liberating for many people, either because they got more work done or they gained a better work-life balance. At this point, we can’t just put the genie back in the bottle. So, how will the mortgage industry manage the shift back to the office, or will they? Now that our face-to-face meeting-driven, paper-intensive industry has been thrust into the future, does it make sense to return to the past?
MBA Weekly Applications Survey June 2, 2021: Index at 15-Month Low
Mortgage applications fell again last week, hamstrung by lack of housing inventory and rising prices, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending May 28.
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“Pockets of elevated stress remain in loans backed by lodging and retail properties, driven by loans in the later-stages of delinquency and foreclosure or REO. Quarterly measures of delinquency rates between last year’s fourth quarter and this year’s first quarter show a drop in distress across nearly every capital source.”
–Jamie Woodwell, MBA Vice President of Commercial Real Estate Research.