Merchants Capital, Carmel, Ind., provided $21 million in construction financing for two Indiana multifamily communities.
Category: News and Trends
People in the News Nov. 30 2020
Planet Home Lending LLC, Meriden, Conn., promoted Dalila Ramos to Vice President of Talent Acquisition to support recruiting efforts and attract talent.
Quote
“New home sales are so strong that they are even up when they are down.”
–Mark Vitner, Senior Economist with Wells Fargo Securities, Charlotte, N.C.
The Wonder Years: Freddie Mac’s K Series Turns 11
Freddie Mac’s K series quietly holds a place as an important, innovative multifamily market solution that has served borrowers, lenders, tenants and bondholders extremely well since its inception. Importantly for a government-sponsored entity, it also serves as a mechanism to transfer risk away from taxpayers.
FHFA: 2021 GSE Conforming Loan Limits Increase to $548,250
The Federal Housing Finance Agency yesterday announced a nearly $40,000 jump in maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2021.
MBA State of the Association Dec. 2
The Mortgage Bankers Association’s annual State of the Association takes place Wednesday, Dec. 2 from 3:00-4:00 p.m. ET.
Mark P. Dangelo: Lead, Follow or be Run Over
As we investigate 2021, one thing is certain, technology will be the innovation mantra pushing mortgage bankers and their high-touch processes into realities such as straight-through processing. These advanced technical innovations will challenge FSBO’s to think very, very differently.
State Regulators Advise Licensees to Renew by Nov. 30
State regulators encourage individuals and businesses that provide mortgage, money transmission, debt collection and consumer financial services to renew their licenses in Nationwide Multistate Licensing System by November 30 to avoid processing delays.
Debarchana Roy: Touchless Covid-Tech to Support Customer Well-Being, Customer Engagement
The shift to digital-first technology has accelerated greatly. Once far on the horizon, digital adoption is no longer an option. Lenders must embrace digital solutions and explore augmented technology to meet consumers where they are and on their own time.
CMBS Special Servicing Rate Slips; Issuance Could Bounce Back in 2021
Trepp, New York, reported the commercial mortgage-backed securities special servicing rate inched down in October after peaking in September.