CoStar, Washington, D.C., reported commercial real estate asset prices diverged by property type during the first quarter.
Category: News and Trends
CFPB Reports Detail Mortgage Borrowers’ Continuing COVID-19 Challenges
The Consumer Financial Protection Bureau released two reports, saying more work needs to be done to help mortgage borrowers coping with the COVID-19 pandemic and economic downturn.
CMBS Market Musings: Trophy Asset and Transitional Loan Transactions Thrive
The private-label CMBS market remains a mixed bag showing signs of a K-shaped recovery in the second quarter with delinquency and default numbers trending down now for nine consecutive months.
Dealmaker: Berkadia Closes $90M in Multifamily Transactions
Berkadia closed two multifamily transactions totaling $90.4 million in Virginia and Massachusetts.
Joe Murin: Does Limited Housing Inventory Mean the Beginning of the End of Housing Boom…or End of the Beginning?
Soaring home prices and raging demand will not be enough to slow the housing train. In fact, they may actually help it.
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“Both conventional and government purchase applications declined, but average loan sizes increased for each loan type. This is a sign that the competitive purchase market, driven by low housing inventory and high demand, is pushing prices higher and weighing down on activity. The higher prices are also affecting the mix of activity, with stronger growth in purchase loans with larger-than-average balances.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
Share of Mortgage Loans in Forbearance Down 9th Straight Week
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 2 basis points to 4.47% of servicers’ portfolio volume as of April 25 from 4.49% in the prior week, the ninth straight weekly decrease. MBA estimates 2.23 million homeowners are in forbearance plans.
Tai Christensen of CBC Mortgage Agency: Black Homeowner Equity Takes Big Step in Right Direction
Tai Christensen is the Diversity, Equity and Inclusion Officer and the Director of Government Affairs for CBC Mortgage Agency, a national down payment assistance provider, and has 17 years of experience in the mortgage industry.
Cam Melchiorre: Rapid Rental Relief: The Problem and The Solution
It is imperative for technology providers to help navigate the way through the process that could, if not addressed, destabilize the housing industry.
People in the News May 5 2021
The Mortgage Bankers Association’s Lisa J. Haynes and Charmaine Brown were recently recognized as leaders in diversity, equity and inclusion at the National Diversity Council’s four-day, virtual National Diversity & Leadership Conference, held this month.