If the past year has taught us anything, it’s that Bob Dylan was right—the times they are a-changin’. From the pandemic to the overnight shift to remote work to the rollercoaster ride of the market, no one could have anticipated just how different 2020 turned out versus expectations. But there’s even more change in store in 2021, and businesses will have no choice but to adapt.
Category: News and Trends
Rana Fleming of Genworth Mortgage Insurance on Critical Role Homeowner Assistance Programs Play During a Pandemic
Rana Fleming is Director of Homeowner Assistance and Servicer Reporting with Genworth Mortgage Insurance, Raleigh, N.C. She joined Genworth in 2012.
Matt Hydrew: Incubate, not Originate!
Incubate, not originate is about making the most out of each lead, not just adding more leads into the funnel. Incubation takes time. It starts with making sure borrowers are credit-ready and remain credit-ready until they reach the closing table. It starts at the top of the funnel and it keeps borrowers in your pipeline.
House Gives Final Approval to $1.9 Trillion Stimulus Package
The House yesterday approved a $1.9 trillion economic stimulus package, giving the Biden Administration a key legislative victory and providing relief to millions of Americans affected by the coronavirus pandemic.
CRE Deal Activity Drops in January After Record December
Real Capital Analytics, New York, reported commercial real estate deal activity dropped significantly in January after a year-end surge in apartment, industrial and office sales.
Millennials Get Comfortable with Mortgage Process
Reports from ICE Mortgage Technology and Zillow illustrate not only how comfortable they have become with the mortgage process—particularly online—but also in what kind of mortgages they obtain.
Home Equity Continues to Soar: Homeowners Gained $1.5 Trillion in 2020
CoreLogic, Irvine, Calif., said U.S. homeowners with mortgages saw their equity increase by 16.2% year over year, representing a collective equity gain of more than $1.5 trillion, and an average gain of $26,300 per homeowner, from a year ago.
Dealmaker: Cushman & Wakefield Arranges $70M for Industrial Portfolio
Cushman & Wakefield, Chicago, partnered with Camber Real Estate Partners, Montclair, N.J., to procure $69.5 million for a 25-building light industrial portfolio.
Multi-Generational Living Reaches 50-Year High
StorageCafe, Santa Barbara, Calif., reported more than 4.6 million multi-generational households in the U.S. as of 2020, the highest number in 50 years—and not for the usual reasons.
Quote
“MBA commends passage of the American Rescue Plan Act of 2021, by both the Senate and House, which will deliver essential relief to millions of individuals and families affected by the COVID-19 pandemic. Specifically, we appreciate the bill’s provisions that provide additional assistance to tenants, homeowners and businesses – particularly those in the retail and hospitality sectors.”
–MBA President and CEO Robert D. Broeksmit, CMB, on final House passage yesterday of an economic stimulus package.