Bellwether Enterprise Real Estate Capital LLC, Cleveland, closed four loans totaling $37.1 million for affordable multifamily housing in Montana, Louisiana, California and Utah.
Category: News and Trends
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.
MISMO Seeks Participants for Next Generation 4.0 Reference Model Workgroup
MISMO®, the real estate finance industry’s standards organization, seeks participants for a new development workgroup for the Next Generation 4.0 Reference Model.
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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“Multifamily borrowing and lending remained strong in 2020 despite the COVID-19 pandemic. Robust financing for properties, increased refinancing activity through government-backed loans and consistent mortgage availability from banks led the market to a level of mortgage originations that was essentially flat from the record year of 2019.”
–Jamie Woodwell, MBA Vice President of Commercial Real Estate Research.
MBA: GSE Compensation Should be Sufficient to Attract Best Talent
The most important asset Fannie Mae, Freddie Mac and the Federal Home Loan Banks have is their human capital, so their compensation must be sufficient to attract and retain top talent, the Mortgage Bankers Association said in a letter to the Federal Housing Finance Agency Tuesday.
MBA Weekly Applications Survey Aug. 4, 2021: Applications Decrease
Mortgage applications decreased 1.7% from the week before, the Mortgage Bankers Association reported in its Weekly Mortgage Applications Survey for the week ending July 30, 2021.
Share of Mortgage Loans in Forbearance Slightly Decreases
Loans in forbearance fell for the twenty-second consecutive week, the Mortgage Bankers Association said on Monday.
CDC Issues New Residential Eviction Moratorium Through October 3, 2021
The Centers for Disease Control and Prevention issued a new order temporarily halting residential evictions through October 3 in counties with “heightened levels of community [COVID-19] transmission.”
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.