Associations can play an outsized role when industries and societies are disrupted or experience significant shifts. Numerous events occurring in 2020 are textbook examples of these type of situations.
Category: News and Trends
People in the News Nov. 16, 2020
MISMO® appointed Seth Appleton as its new president. Appleton currently serves as Assistant Secretary of Policy Development and Research with HUD and as Principal Executive Vice President of Ginnie Mae. He will join MISMO on Dec. 1.
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“Credit availability increased in October for the first time since July. The ongoing economic recovery and improving labor market led to a rise in credit supply for various loan types.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
October Mortgage Credit Availability Shows Improvement
Mortgage credit availability increased in October after falling to a six-year low in September, the the Mortgage Bankers Association reported this morning.
FHA Proposes Private Flood Insurance Option for Single-Family Mortgages
The Federal Housing Administration this week published a proposed rule to allow a private flood insurance option, instead of insurance through the National Flood Insurance Program, when flood insurance is required by FHA.
CBRE Sees Mixed Results in CRE Recovery
CBRE, Los Angeles, said it anticipates the office, retail and hotel sectors will begin a slow recovery next year. Meanwhile, industrial and logistics real estate will likely extend an early recovery already underway and multifamily should start its own swift rebound, it said in its 2021 U.S. Real Estate Market Outlook.
TransUnion: Popularity of 15-, 20-Year Mortgages Continues to Grow
TransUnion, Chicago, said as low interest rates drive refinance activity, short-term loans—i.e., 15-year and 20-year mortgages—continue to increase in popularity, a trend that played out in the third quarter.
Dealmaker: New York Life Real Estate Investors Originates $584M
New York Life Real Estate Investors, New York, originated $584 million for industrial and multifamily properties across the U.S.
Industry Briefs Nov. 13, 2020
Qualia, San Francisco, launched its Physical Document Service, enabling mortgage lenders to automate management of paper trailing documents from title partners through Qualia.
Initial Claims Drop, Remain Elevated
This week’s initial unemployment claims report from the Labor Department sounds an increasingly familiar theme: a slight drop from the previous week, tempered by the reality that claims remain highly elevated from pre-pandemic levels.