Paul Gigliotti is COO of Pinnacle Home Loans, Novato, Calif. He also serves as a board member of the California Mortgage Bankers Association.
Category: News and Trends
Career Growth Amidst Crisis: A Conversation with MBA Future Leader Graduate Dennis Moore
MBA Newslink interviewed recent MBA Future Leaders Program graduate Dennis Moore about his experiences and perspectives on the current industry landscape and the program.
MBA Launches Licensing Flexibility Campaign with State Partners
The Mortgage Bankers Association recently launched a new campaign with its state and local association partners aimed at updating state law and rules to provide mortgage loan originators and their state licensed employers greater flexibility for remote location work arrangements during—and especially beyond—the coronavirus pandemic.
Hotels Lenders, Investors Express Growing Optimism
After a difficult 2020 for the hotel sector, some hospitality lenders and investors are expressing optimism about 2021.
Housing Market Roundup
Here’s a quick-hit summary of several housing and housing finance reports released over the past several days:
Initial Claims, Continued Claims Remain Elevated
Initial claims for unemployment insurance jumped by nearly 13,000 last week, while the previous week’s claims revised up by 55,000–a pointed reminder of the uneven pace of the country’s economic recovery.
Despite January Pullback, Housing Starts Remain Strong
After a terrific December, January housing starts, as expected, fell back a bit but maintained a strong pace, HUD and the Census Bureau reported yesterday.
Mark Dangelo: Establishing a Foundation for AI Growth and Profitability—Part Two
The maturity of artificial intelligence is years away—yet the excitement and promise of returns and efficiencies have never been greater.
Dealmaker: Lument Provides $33M in Fannie Mae Financing for Apartment Communities
Lument, New York, arranged $33 million in Fannie Mae financing for multifamily communities in Daytona Beach and Hialeah, Fla.
Quote
“There is little reason to worry about January’s housing starts decline. All the drop was in single-family starts, which is also where much of the recent strength has been. Apparently, there was a rush to get homes started in December, when the weather was unseasonably mild. Builders may have also held off from starting some projects because of the spike in lumber costs.”
–Mark Vitner, Senior Economist with Wells Fargo Securities, Charlotte, N.C.