The 30-year fixed-rate mortgage dipped again last week to a 2.77 percent average with an average 0.6 point, reported Freddie Mac, McLean, Va.
Category: News and Trends
CFPB, FHFA Release Updated Data from National Survey of Mortgage Originations
The Consumer Financial Protection Bureau and the Federal Housing Finance Agency published updated loan-level data for public use collected through the National Survey of Mortgage Originations.
Commercial and Multifamily Mortgage Delinquencies Declined in July
Delinquency rates for mortgages backed by commercial and multifamily properties declined in July, the Mortgage Bankers Association’s latest CREF Loan Performance Survey reported.
MBA: Multifamily Lending Hits $360 Billion in 2020
Last year 2,140 different multifamily lenders provided a total of $359.7 billion in new mortgages for apartment buildings with five or more units, the Mortgage Bankers Association reported.
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The [Bureau of Labor Statistics employment report] showed employment up by more than one million in July, as the number of unemployed fell and more people returned to the labor force. Although there are concerns regarding the impact of the delta variant, these data show an economy that was continuing to recover in July.”
–MBA Chief Economist Mike Fratantoni
Proptech Changing Real Estate Industry
Real estate has not always been seen as the most technology-focused industry, but that is changing fast, the Urban Land Institute and law firm Goodwin said.
Dealmaker: Bascom Group Acquires 93-Unit Single-Family Rental Portfolio for $25M
The Bascom Group, LLC, Irvine, Calif., acquired a 93-unit single-family rental community in Las Vegas for $24.7 million, or $266,129 per unit.
Mortgage Rates Dip Again
The 30-year fixed-rate mortgage dipped again last week to a 2.77 percent average with an average 0.6 point, reported Freddie Mac, McLean, Va.
CFPB, FHFA Release Updated Data from National Survey of Mortgage Originations
The Consumer Financial Protection Bureau and the Federal Housing Finance Agency published updated loan-level data for public use collected through the National Survey of Mortgage Originations.
Paul Anselmo of Evolve Mortgage Services: Defragmenting the Digital Closing Process
Paul Anselmo is CEO and founder of Evolve Mortgage Services, Frisco, Texas, a provider of outsourced mortgage platforms. He has more than 30 years of experience in the banking and mortgage industries. Previously he served as president, CEO and founder of Mortgage Resource Network (MRN), a business process outsourcer and technology provider to the mortgage industry. In 2019, he was honored as a “Lending Luminary” by the PROGRESS in Lending Association.