The Mortgage Bankers Association’s Builder Application Survey data for January show mortgage applications for new home purchases increased by 17 percent month over month and by nearly 19 percent from a year ago.
Category: News and Trends
Paul Gigliotti: Benefits of Cross-Training and Hiring Outside the Industry
Paul Gigliotti is COO of Pinnacle Home Loans, Novato, Calif. He also serves as a board member of the California Mortgage Bankers Association.
MBA Letter Offers Recommendations on Improving CRA Framework
The Mortgage Bankers Association, in a letter this week to the Federal Reserve, offered recommendations on how the Fed could improve the Community Reinvestment Act to improve credit access and more effectively meet the needs of low- and moderate-income communities.
Anita Bush: Effective Forbearance Management for Mortgage Loan Servicers
In this article, we’ll address some of the servicer’s legal requirements and offer three keys to success intended to help servicers manage the post-forbearance process.
People in the News Feb. 19 2021
Cherry Creek Mortgage, Denver, named Katy Uhl as Chief Human Resources Officer.
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.
FHFA Releases 2021 Scorecard for GSEs, Common Securitization Solutions
The Federal Housing Finance Agency this week released the 2021 Scorecard for Fannie Mae, Freddie Mac and Common Securitization Solutions. The 2021 Scorecard aligns the 2019 Strategic Plan with the Enterprises’ tactical priorities and operations, serving as an essential tool to hold the Enterprises accountable.
Dealmaker: Trion Properties Refinances Four Multifamily Assets, $53M
Trion Properties, Los Angeles, secured a $52.6 million refinancing agreement for a four-property, 365-unit multifamily portfolio in greater Portland, Ore.
January Builder Applications See Double-Digit Acceleration
The Mortgage Bankers Association’s Builder Application Survey data for January show mortgage applications for new home purchases increased by 17 percent month over month and by nearly 19 percent from a year ago.
Banks Trimming Branches, Creating Empty Retail Storefronts
Bank mergers and increasing online banking have led to numerous bank branch closings in recent years, which could have a “profound” effect on commercial real estate, said DBRS Morningstar, Toronto.