Laird Nossuli is CEO of iEmergent, Urbandale, Iowa, an analytics and advisory firm that helps lenders leverage data and diversity to develop sustainable lending strategies. Her educational background in community development and her passion for housing equity fuel her participation as a Steering Committee member in CONVERGENCE Columbus and led to iEmergent’s role as a national partner.
Category: News and Trends
Cap Rates For Net Lease Retail, Industrial Properties Rise
The Boulder Group, Wilmette, Ill., reported single-tenant net lease cap rates rose slightly in the second quarter after hitting record low levels in early 2021.
Industry Briefs July 8, 2021: A Gaggle of Acquisitions
Four acquisitions highlight this week’s edition of Industry Briefs.
Other Home Price Forecasts: Full Steam Ahead—Maybe
Add Veros Real Estate Solutions, Santa Ana, Calif., to the list of forecasters who say home price appreciation won’t let up any time soon. And add Fitch Ratings, New York, to those saying the home price train can’t run forever, with some markets highly overvalued.
Black Knight: Annual Home Price Growth Hits 3rd Straight Record High
Black Knight, Jacksonville, Fla., said home price growth hit its third straight record high—and the market might not be done yet.
MBA DEI Leadership Awards: Nomination Deadline Aug. 13
Inspire change; share success. The Mortgage Bankers Association recognizes residential and commercial/multifamily members who show leadership in the areas of Diversity, Equity and Inclusion (DEI) internally through market outreach efforts with its annual DEI Leadership Awards.
Dealmaker: Harrison Street Closes $1.6B in Medical Office, Senior Housing Transactions
Harrison Street, Chicago, agreed to purchase 24 senior housing assets and sell 14 medical office properties across eight states for $1.6 billion.
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.
MBA: Homeowners in Forbearance Plans Fall to under 2 Million
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey showed loans now in forbearance decreased by 4 basis points to 3.87% of servicers’ portfolio volume as of June 27 from 3.91% the prior week. MBA estimates 1.9 million homeowners are in forbearance plans–the first time that two million or fewer homeowners have been in forbearance plans since March 2020, at the onset of coronavirus pandemic.
MBA Weekly Applications Survey July 7, 2021: Apps Dip Again to Pre-Pandemic Low
Mortgage applications fell again last week, the Mortgage Bankers Association reported Wednesday—not as sharply as they did the previous week, but enough to their lowest level since before the coronavirus pandemic.