The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans in forbearance decreased by 1 basis point to 4.18% of servicers’ portfolio volume as of May 23 from 4.19% the prior week–the 13th straight weekly decline. MBA estimates 2.1 million homeowners are in forbearance plans.
Category: News and Trends
CRE Price Growth Starts Second Quarter Strong
U.S. commercial property prices started the second quarter with healthy growth.
MISMO President Seth Appleton Receives ‘Rising Star’ Award
MISMO®, the real estate finance industry standards organization, announced its president, Seth Appleton, was named a HousingWire 2021 Rising Star.
Dealmaker: Berkadia Arranges $94M for Industrial, Multifamily
Berkadia secured financing totaling $94.2 million for industrial and multifamily assets in Arizona and Indiana.
Mark P. Dangelo: Purging of Underperforming Innovation Firms Is Accelerating
As banking, mortgage and financial services look to remain innovatively different, the quest to “do something” that leverages their people, processes and partners is creating a dystopia during a period of profitability for many leaders unfamiliar with rapid innovations taking place across their markets and offerings.
Quote
“Housing market data continue to paint a picture of strong demand and constrained supply. The resulting rapid growth in home equity will benefit homeowners, whether they choose to retain or sell their properties.”
–MBA Chief Economist Mike Fratantoni.
Zaid Shariff of SLK Global Solutions: Avoiding CFPB Regulatory Actions by First Cutting Complaints
Zaid Shariff is vice president – head of solution design and product implementation for SLK Global Solutions, a provider of digital platforms and business process management solutions to the banking, mortgage and financial services industries.
MBA Chart of the Week June 1 2021: New Home Sales By Stage of Construction
This week’s MBA Chart of the Week shows that there is a declining share of completed homes (24 percent) and a growing share of homes sold that were either still under construction (38 percent) or not started (37 percent).
People in the News June 2, 2021
The Mortgage Bankers Association nominated Mark Jones, CEO and Co-Founder of Amerifirst Home Mortgage, Kalamazoo, Mich. to serve as its Vice Chairman for the 2022 membership year.
Longtime CRE Leader Stacey Berger Retires
Stacey Berger, Executive Vice President and longtime Co-Head of Midland, Overland Park, Kan., recently announced his retirement effective May 31.