Initial claims for unemployment insurance continued to decrease to pre-pandemic levels, the Labor Department reported Thursday.
Category: News and Trends
Dealmaker: Newmark Closes $146M San Diego Office Sale
Newmark, New York, sold 296,000-square-foot San Diego office complex Sorrento Towers for $146 million.
Multifamily Nearing Pre-Pandemic Trends
Demand for multifamily housing now exceeds pre-pandemic levels, and Freddie Mac Multifamily projects rising rents, falling vacancies and a record-setting origination market in 2021.
MISMO Creates Community of Practice to Explore Market Need, Potential Standards for ESG Initiatives
MISMO®, the real estate finance industry standards organization, created a new Community of Practice focused on exploring potential standards for Environmental, Social & Governance initiatives to meet the needs of market participants.
CFPB: Rental Assistance Available as Eviction Moratorium Expiration Approaches
As the July 31 federal eviction moratorium expiration approaches, the Biden administration, Consumer Financial Protection Bureau, the Mortgage Bankers Association and industry groups are working together to inform apartment owners and renters about the rental assistance programs available to them.
Quote
“We believe Ms. Gordon is highly qualified for this important position…She also has the skills, experience and relationships to bring people together, both within FHA and among stakeholders, to address challenges collaboratively and effectively.”
–From an MBA/trade group letter urging Senate confirmation of Julia Gordon as FHA Commissioner.
Seth Appleton: How MISMO Standards Are Helping The Industry Achieve Higher Tech Adoption
At the recently concluded MISMO Spring Summit–which set an attendance record for the organization–two related themes emerged during many of the event’s “Going Digital” sessions. Experts throughout the four-day event agreed that technology adoption and data trust are two business challenges that must be solved so the industry can truly “go digital” and realize the benefits that come along with it.
Early Registration Deadline Aug. 1: MBA Annual Convention & Expo in San Diego Oct. 17-20
Meet industry innovators and experts at the Mortgage Bankers Association’s Annual Convention & Expo 2021, taking place Oct. 17-20 at the San Diego Convention Center. Register by Aug. 1 and …
Mark P. Dangelo: The Dark Matter Transforming M&A Post-Deal Landscapes, Part 1
Industry 4.0 for banking and financial services is changing the landscape of the who, what, where, why, and how of M&A targets and post-deal actions. Prescriptions are out—a new framework is in due to non-stop deals, vast data, and layers upon layers of new innovations. M&A actions moving forward are all about “Are we asking the right questions?”
Key Takeaways from MBA Webinar: It’s a Wonderful Life Insurance Company Market
The Mortgage Bankers Association co-hosted a virtual panel with the California Mortgage Bankers Association and the American Council of Life Insurers on July 14. Five panelists represented firms with a variety of commercial real estate debt and equity strategies and buckets of capital including substantial life insurance company capital.