ATTOM Data Solutions, Irvine, Calif., released its fourth-quarter U.S. Home Equity & Underwater Report, which noted an increase to 17.8 million residential properties in the United States considered equity-rich—the combined estimated amount of loans secured by those properties was 50 percent or less of their estimated market value.
Category: News and Trends
Record-Low Inventories Drive Record-Low Contract Periods
With record-low housing inventories and sharply increasing home prices, what else could happen? How about record-low contract periods, according to both Redfin, Seattle, and Zillow, Seattle.
ADP: January Private-Sector Employment Up 174,000
Ahead of this Friday’s employment report from the Bureau of Labor Statistics and this morning’s initial claims report from the Labor Department, ADP, Roseland, N.J., said private-sector employment increased by 174,000 jobs from December to January.
MBA Presents Byron Boston with 2021 CREF Distinguished Service Award
The Mortgage Bankers Association awarded Byron Boston, CEO, President and Co-Chief Investment Officer of Dynex Capital Inc., Glen Allen, Va., with the 2021 Commercial Real Estate Finance Distinguished Service Award at its MBA LIVE CREF21: Lending, Investing, Servicing and Technology Convention & Expo.
CREF21: MBA Chair Susan Stewart on ‘3 Values that Unite the Industry’
Mortgage Bankers Association Chair Susan Stewart said regardless of industry focus—residential or commercial—real estate finance comes down to three values that unite the industry.
CREF21: Bob Broeksmit on ‘The MBA Difference’
Mortgage Bankers Association President & CEO Robert Broeksmit, CMB, opened the MBA CREF21 Convention & Expo by recapping the “unprecedented challenges” the real estate finance industry faced over the past year and a look at the uncharted waters ahead.
Dealmaker: NorthMarq Closes $72M for Multifamily Assets
NorthMarq, Minneapolis, closed $72 million for two multifamily properties in California and Massachusetts.
Mortgage Applications Increase in MBA Weekly Survey
Rates dropped; mortgage applicants pounced; and that’s pretty much the story, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending January 29.
James Deitch, CMB: 3 Reasons Executives are Prioritizing Decision Intelligence
We take a closer look at decision intelligence and why mortgage executives are prioritizing this new concept in their business operations.
Quote
“The end of the pandemic is now within sight, though not yet within reach. The days ahead will be full of many challenges, from solving the affordable housing crisis to how we recover from the pandemic. Rest assured, the MBA is working hard on every front.”
–MBA President & CEO Robert Broeksmit, CMB.