TransUnion, Chicago, said despite shockwaves felt from the COVID-19 pandemic, the consumer credit market is strongly positioned as many parts of the country prepare to enter new phases of re-opening this summer.
Category: News and Trends
MBA Urges House Support of Bill Expanding Appraiser Practices
The Mortgage Bankers Association sent a letter this week to House leadership, urging support for legislation that would allow more appraisers practicing in the field today to become eligible to conduct real estate evaluations on properties subject to mortgages insured by the Federal Housing Administration.
Supply Issues Hold Back April Housing Starts
Supply constraints continue to prevent a sizzling housing market from turning white-hot, with April housing starts falling by nearly 10 percent, HUD and the Census Bureau reported Tuesday.
Dealmaker: JLL Places $400+M Construction Loan for Genesis Marina
JLL Capital Markets, Chicago, secured a $400+ million construction loan for Genesis Marina, a to-be-built waterfront Class A life science campus in Brisbane, Calif.
Joe Zeibert of Nomis Solutions on the Upcoming ‘Great Reshuffling’
Joe Zeibert is Managing Director of Global Lending Solutions with Nomis Solutions, Brisbane, Calif. He works closely with clients around the world to identify new mortgage and other consumer lending opportunities.
Strong Demand Fuels Single-Family Rent Growth
Occupancy rates for single-family rental homes have reached a generational high, driving up SFR rent growth, two new reports said.
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“Mortgage rates increased last week, with all loan types hitting their highest levels in two weeks. Rates were still lower than levels reported in late March and early April, providing additional opportunity for borrowers to refinance.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
Q&A with Gene Ludwig of Promontory MortgagePath
Gene Ludwig is founder of the Promontory family of companies and CEO of Promontory MortgagePath, a technology-based mortgage fulfillment and solutions company. He is also managing partner of Canapi, a venture capital firm focused on investments in early to growth-stage fintech companies. He was Comptroller of the Currency under President Bill Clinton.
MBA Premier Member Profile: Adwerx
Used by more than 25% of the top brokerage firms and more than 15% of the top mortgage originators in the U.S., Adwerx delivers personalized, omnichannel brand marketing and automation at enterprise scale.
Seven Takeaways from MBA’s Affordable Rental Housing Summit
Significant affordability challenges exist across the country and the issue is a top priority for the Biden Administration. In April, the Mortgage Bankers Association virtually convened business and policy executives for a series of conversations on the 2021 affordable rental housing landscape. Here are some key takeaways from that event.