The economy is well-positioned for growth as it leaves the Pandemic Recession, said former National Economic Council Director and Vice Chairman of IBM Gary Cohn during the recent MBA Spring Conference & Expo 21.
Category: News and Trends
March New Home Sales Roar
March comes in like a lion and out like a lamb, the saying goes, but it evidently doesn’t apply to new home sales.
Dealmaker: JLL Secures $158M for 11-Property Retail Portfolio
JLL Capital Markets, Chicago, closed the $295 million sale of and arranged $157.9 million in financing for a portfolio of 11 New England single-tenant retail buildings.
The Week Ahead—Apr. 26, 2021
The Federal Open Market Committee assembles in Washington this week for its regularly scheduled policy meeting, amid a hot economy and rising inflation.
MBA Chart of the Week: Home Purchase Applications By Loan Size
This week’s MBA Chart of the Week examines year-over-year growth in purchase loan applications by loan size since 2018.
MISMO Seeks Public Comment on New eModification Reference Guide
MISMO®, the real estate finance industry standards organization, seeks public comment on its new eModification Reference Guide. The 30-day comment period runs through May 24.
Sponsored Content from CreditXpert: Incubate, not Originate!
Matt Hydrew of CreditXpert shares the lending success formula to keep applicants credit- and loan-ready.
MBA Seeks Nominations for Residential Board of Governors; Deadline Apr. 30
On behalf of Mortgage Bankers Association Residential Board of Governors (RESBOG) Chair John Hedlund and Vice Chair Al Blank, MBA seeks members’ recommendations for individuals/companies to serve on RESBOG in future terms.
MBA NewsLink Tech All-Star 2021: Benjamin Schweitzer and Freddie Mac’s Multifamily Innovation Lab
To deal with the disruption of the COVID-19 pandemic, Freddie Mac Senior Director Benjamin Schweitzer and Freddie Mac’s Strategic Transformation team immediately accelerated their work on technology that supports remote property inspections, widely known as virtual inspections.
Quote
“The rebound in new home sales actually understates the strength of the housing market. Demand is exceptionally strong throughout most of the country, and buyers have a fistful of dollars accumulated from relief checks and savings built up from when they were not dining out, attending concerts, traveling or spending money for other discretionary items or services during the pandemic.”
–Mark Vitner, Senior Economist with Wells Fargo Securities, Charlotte, N.C.