TransUnion, Chicago, said the financial services industry is rebounding strongly from the early impacts of the COVID-19 pandemic, with auto, credit card, mortgage and personal loan industries exhibited renewed signs of strength at the mid-point of 2021.
Category: News and Trends
Single-Family Rent Growth Up More Than Five-Fold Year-over-Year
CoreLogic, Irvine, Calif., said single-family rent growth reached 7.5% year-over-year in June, up from a 1.4% year-over-year increase a year ago.
Dealmaker: Institutional Property Advisors Brokers $173M in Multifamily Sales
Institutional Property Advisors, Calabasas, Calif., closed multifamily property sales totaling $173 million in California and Connecticut.
The New Census Figures: a Breakdown
The Census Bureau last week released preliminary results from its 2020 Census, showing a United States in the midst of demographic transition.
July New Home Purchase Mortgage Applications Down from June
Mortgage applications for new home purchases decreased 27.4 percent compared to a year ago, the Mortgage Bankers Association Builder Application Survey reported.
Quote
“While new home purchase activity is still robust, rising home prices are potentially pricing some borrowers out of the housing market. These rising home values have driven mortgage balances to record highs. We expect origination volumes to remain healthy.”
–Joe Mellman, senior vice president and mortgage business leader with TransUnion, Chicago.
Share of Mortgage Loans in Forbearance Decreases to 3.26%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 14 basis points to 3.26% of servicers’ portfolio volume as of August 8 from 3.40% the previous week. MBA now estimates 1.6 million homeowners are in forbearance plans.
Industry Briefs Aug. 18, 2021
The Federal Housing Finance Agency released reports providing the results of the 2020 and 2021 annual stress tests Fannie Mae and Freddie Mac under the Dodd-Frank Act.
Mark P. Dangelo: The Dark Matter Transforming M&A Post-Deal Landscapes, Part 2
M&A events in the Age of Industry 4.0 have moved beyond scale and into the digital clarity achieved by the combination of firms using curated data necessary to profit from vast ecosystems of financial products and services across channels and consumers. Financial and private equity firms that target and conduct due diligence solely on financial engineering will become footnotes in history.
MBA CONVERGENCE Partner Profile: Sarah Garland of CBRE
Sarah Garland is Director of Production for Affordable Housing and FHA Lending with CBRE, Seattle, responsible for supporting the origination of affordable and workforce housing debt financing.