Starter home prices are growing nearly seven times faster than renter incomes, making what was likely already the biggest challenge for first-time home buyers ― saving for a down payment ― even more difficult. But there is good news for today’s first-time buyers, said Zillow, Seattle.
Category: News and Trends
CRE Market Sentiment Improves to 2015 Level
CRE executives’ market sentiment has improved dramatically from a year ago, reported RCLCO, Washington, D.C.
People in the News July 9, 2021
Wipro Opus Risk Solutions LLC, tapped Greer Allgood as managing director of mortgage operations. She is responsible for overall management of specific client and deal transactions.
Dealmaker: Institutional Property Advisors Closes $40M in Retail, Multifamily Transactions
Institutional Property Advisors, Calabasas, Calif., closed $39.8 million in retail and multifamily transactions in Rhode Island and Arizona.
Jennifer Henry: The Role Third-Party Data Plays for Mortgage Originators and Servicers
Lenders and servicers alike must focus on streamlining processes through automated technology and data-enabled solutions to sustain a more profitable business model and manage the shifts and demands of the marketplace.
Call for Speakers: MBA Annual Convention & Expo; Deadline July 16
Speaking proposals for breakout sessions are now being accepted for the Mortgage Bankers Association’s Annual Convention & Expo 2021, taking place October 17-20 at the San Diego Convention Center.
Authors Malcolm Gladwell, Brad Meltzer Keynote MBA Annual Convention & Expo
Registration for the Mortgage Bankers Association’s Annual Convention & Expo, taking place Oct. 17-20 at the San Diego Convention Center, is officially open. Join MBA in San Diego as New York Times best-selling authors Malcolm Gladwell and Brad Meltzer keynote General Sessions on Tuesday, Oct. 19.
Industry Briefs July 9, 2021: A Gaggle of Acquisitions
Four acquisitions highlight this week’s edition of Industry Briefs.
Quote
“Absent a resurgence of the virus, the economic outlook serves as a strong positive for commercial real estate demand, with property type continuing to be the key differentiator.”
–Jamie Woodwell, MBA Vice President of Commercial Real Estate Research.
Paradatec’s Neil Fraser: For Servicers, Pandemic-Related Challenges Are Just Beginning
Neil Fraser is Director of U.S. Operations for Paradatec, Cincinnati, Ohio, a provider of AI-based document classification and data extraction technology for mortgage loan processing. He manages all of Paradatec’s operations and has grown the company every year since its incorporation in 2002.