Does your company have a process of activities that, when followed, significantly increases a motivated LOs likelihood of success? Well, if your company is like most in this industry, you know the answer to that question.
Category: News and Trends
Despite Price Spikes, Homeownership Remains Affordable
Two reports—from ATTOM Data Solutions, Irvine, Calif., and First American Financial Corp., Santa Ana, Calif.—say despite sharp spikes in home prices, homeownership remains affordable for most workers, which continues to drive housing demand.
ADP: Employers Add 517,000 Jobs in March
Ahead of this morning’s initial claims report from the Labor Department and Friday’s jobs report from the Bureau of Labor Statistics, ADP, Roseland, N.J., said private-sector employment jumped by 517,000 jobs from February to March.
February Pending Home Sales Slip 10.6%
Pending home sales fell for the second straight month in February, the National Association of Realtors reported yesterday. Each of the four major U.S. regions witnessed month-over-month declines in February, while results were mixed in the four regions year-over-year.
Dealmaker: CBRE Arranges $54M for Industrial, Multifamily
CBRE arranged $54 million for an industrial property and a multifamily property in metropolitan San Diego.
MBA: March Commercial/Multifamily Mortgage Delinquencies Fall for 3rd Straight Month
Delinquency rates for mortgages backed by commercial and multifamily properties decreased again in March, reaching the lowest level since the onset of the COVID-19 pandemic, according to the Mortgage Bankers Association’s latest monthly MBA CREF Loan Performance Survey.
NAMMBA Consulting & Cultural Outreach Create Diversity Survey for Mortgage Industry
NAMMBA Consulting and Cultural Outreach have partnered to conduct the first annual holistic report of diversity for positions across the entirety of the mortgage industry.
MBA Weekly Survey Mar. 31, 2021: Applications Drop 3rd Straight Week
Despite a slight decrease in mortgage interest rates—the first such decline in nearly two months—mortgage applications fell for the third straight week, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending March 26.
Quote
“Commercial and multifamily mortgage delinquencies fell for the third straight month in March and are now at their lowest level since the pandemic disrupted the economy and commercial real estate a year ago. There continues to be significant differences in loan performance by property type, with higher delinquencies rates for lodging- and retail-backed mortgages.”
–Jamie Woodwell, MBA Vice President of Commercial Real Estate Research.
Scott Roller: Rising Construction Costs – The Appraisal Dilemma
The domino effect – an endless run of falling dominos winding through the residential home construction industry. That’s a vision we can easily conjure up when witnessing the ongoing impacts of steadily rising construction costs. And guess who is at the end of the domino chain, having to deal with the residual mess? Residential home appraisers and their lender clients.