Delinquency rates for mortgages backed by commercial and multifamily properties held steady in June, the Mortgage Bankers Association’s latest monthly CREF Loan Performance Survey said.
Category: News and Trends
Quote
“Buyer demand is strong in nearly every market in the country. We are squarely in a seller’s market and buyers have no choice but to put forward the best offer they can, frequently making offers above asking price, to secure the home they want to own.”
–Darius Bozorgi, CEO of Veros Real Estate Solutions, Santa Ana, Calif.
Grant Carlson: The Supreme Court Ruling on CDC Residential Eviction Moratorium
On Tuesday the U.S. Supreme Court in, a 5-4 ruling, declined to lift the national Center for Disease Control and Prevention’s residential eviction moratorium. The ruling responds to a request to lift the D.C. Federal District Court’s stay, which has effectively paused its order invalidating the CDC moratorium. Presumably, the CDC eviction moratorium will expire on July 31.
MBA CONVERGENCE Partner Profile: Laird Nossuli, iEmergent
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.
People in the News July 8, 2021
The Mortgage Bankers Association announced Teressa Lurk, Vice President of Marketing and Design, was recognized by HousingWire as a recipient of the publication’s inaugural 2021 Marketing Leader award, which recognizes creative and influential marketing minds in the housing industry.
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.
Rita Moreno Keynotes mPower Luncheon at 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 Academy Award- and Presidential Medal of Freedom Award-winning actress Rita Moreno keynotes the mPower Luncheon on Tuesday, Oct. 19.
Dealmaker: Berkadia Closes $146M in Multifamily Transactions
Berkadia recently closed $146.2 million in multifamily transactions in Virginia.
June Commercial, Multifamily Mortgage Delinquencies Hold Steady
Delinquency rates for mortgages backed by commercial and multifamily properties held steady in June, the Mortgage Bankers Association’s latest monthly CREF Loan Performance Survey said.
MBA Asks FHFA for Clarity on GSE Short-Term Rental Policies
The Mortgage Bankers Association, in a July 6 letter to the Federal Housing Finance Agency, asked FHFA for more definitive guidance on the government-sponsored enterprises’ policies on mortgages for properties that include short-term rental units.