JLL’s Capital Markets group arranged a $1.125 billion refinancing for 3 Bryant Park, a 1.2 million-square-foot office tower in Midtown Manhattan’s Bryant Park market.
Category: News and Trends
First American’s Sarah Frano on AI-Driven Fraud: The Hidden Threat in Real Estate
The tools and technologies powered by artificial intelligence continue to evolve rapidly, and while the real estate industry is harnessing AI to automate everything from property valuations and predictive analytics to customer relationship management and fraud prevention, scammers are harnessing AI to identify targets, rapidly scale their schemes and avoid detection.
TransUnion Predicts Increase in Mortgage Originations This Year
TransUnion, Chicago, released its Q4 2024 Quarterly Credit Industry Insights Report, predicting multiple credit products will see growth this year. For mortgages specifically, the report anticipated a 13.3% year-over-year origination growth.
MBA Technology Resource Center
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Covered Insurance Solutions’ Ross Diedrich: The Evolving Landscape of Homeowners Insurance
In recent years, the homeowners insurance market has presented unprecedented challenges for both borrowers and mortgage servicers. As we navigate 2025, it’s crucial to understand these changes and explore innovative solutions to address the growing complexities in this vital sector.
Advocacy Update: Recap–MAA Town Hall on Trump Administration Updates, MBA Legislative Priorities, and #MBANAC25
This week’s top legislative and policy news from the Mortgage Bankers Association.
Quote of the Day
“The MBA and its staff really understand the importance of building those relationships with key decisionmakers.”
–Nanci Weissgold, Chair of the MBA Political Action Committee and Partner at Alston & Bird, in an mPower Moments video
Redfin: Combined Value of U.S. Homes Climbed to $49.7 Trillion
Redfin, Seattle, reported the combined value of U.S. homes increased $2.5 trillion in 2024 to hit $49.7 trillion.
Existing-Home Sales Retreat
Existing-home sales fell 4.9% in January to a seasonally adjusted annual rate of 4.08 million in January, the National Association of Realtors reported Friday.
ICE: Foreclosure Starts Jump in January
Intercontinental Exchange Inc., released its “first look” at January mortgage performance, finding that foreclosure starts jumped by 30% and foreclosure sales rose by 25%.