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.
Category: News and Trends
Multifamily Market Musings: Conversation with Fannie Mae’s Kim Betancourt
This year’s industry developments are dominated by the pandemic as well as associated social, political and economic impacts. Given this backdrop and the continued role of the GSEs in financing multifamily throughout market ups and downs, MBA NewsLink talked with Fannie Mae’s Kim Betancourt to get perspective on trends and what to watch as the multifamily market continues to evolve.
Paul Weakley: The Art of Engineering
So, just how do architects, stakeholders, product owners, designers and users better interact with a mortgage software engineer? The first step is to understand what an engineer is and does.
Signs of Retail Sector Distress Grow
The retail market is starting to see distress as the pandemic enters its ninth month, said Moody’s Analytics REIS, New York.
Jennifer Henry: Reducing Risk and Increasing Efficiency for Digital Mortgages with Third-Party Verifications
The digitization process has accelerated as mortgage professionals seek ways to efficiently meet the high demand for both purchase and refinance applications.
3Q Home Equity Levels Rise Despite Pandemic
ATTOM Data Solutions, Irvine, Calif., said equity-rich properties in the U.S. now outnumber those considered seriously underwater by a nearly 5-1 margin.
Weekly Initial Claims Remain Stubbornly High
Initial claims for unemployment insurance fell by just 7,000 for the week ending Oct. 31, the Labor Department reported yesterday.
Dealmaker: Greystone Provides $48M for Two Multifamily Assets
Greystone, New York, provided $48.2 million in HUD-insured loans to refinance multifamily properties in Virginia and Arizona.
MBA Forecast: 2020 Commercial/Multifamily Lending Down 34% from 2019 Record Volumes
Commercial and multifamily mortgage bankers are expected to close $395 billion of loans backed by income-producing properties in 2020, a 34 percent decline from 2019’s record $601 billion, according to a new Mortgage Bankers Association forecast.
Quote
“There remains a great deal of uncertainty about the pandemic and its impacts on the economy and commercial real estate, with significant differences across property types and capital sources. The downturn is putting downward pressure on some property incomes, particularly property types most impacted by the pandemic or with shorter lease terms. With low interest rates and investment yields, property values are likely to hold up better, which should help put a floor under sales and originations volumes this year and next.”
–Jamie Woodwell, MBA Vice President for Commercial Real Estate Research.