Paul Anselmo is CEO and founder of Evolve Mortgage Services and SigniaDocuments Inc, a provider of outsourced mortgage platforms. He has more than 30 years of experience in the banking and mortgage industries.
Category: News and Trends
Call for Speakers: MBA Independent Mortgage Bankers Conference & MBA Servicing Solutions Conference; Deadline Nov. 2
The Mortgage Bankers Association has issued a Call for Speakers for two important upcoming MBA conferences: the MBA Independent Mortgage Bankers Conference 2021 (January) and the MBA Servicing Solutions Conference & Expo (February). Deadline for speaker submissions is Monday, Nov. 2.
Tom Lamalfa: October 2020 Survey Scorecard
In early October I surveyed 33 senior executives from 33 separate mortgage companies about a wide array of issues and topics both germane and important to the mortgage banking industry. It was the 24th time such a survey was conducted by me since 2008.
Dealmaker: San Francisco’s Transamerica Pyramid Center Sells for $650M
JLL Capital Markets, Chicago, closed $650 million for sale and $390 million financing of the Transamerica Pyramid Center Complex in San Francisco.
Economy Shows Hint of Recovery
What goes down must come up: after the coronavirus resulted in a staggering record drop in the second quarter, the U.S. economy bounced back somewhat in the third quarter, according to the first (advance) estimate of gross domestic product.
Initial Claims Fall to Lowest Level Since March
Initial claims for unemployment insurance fell to their lowest level since March, the Labor Department reported yesterday, but remain elevated from pre-pandemic levels.
September Pending Home Sales Dip 2.2%
After four straight months of contract activity growth, pending home sales declined by 2.2% in September, the National Association of Realtors reported yesterday.
Federal Agencies Propose Regulation Codifying Use of Supervisory Guidance
Five federal agencies yesterday issued a proposed regulation that would codify a 2018 guidance clarifying that supervisory guidance does not have “force and effect of law.”
Retail, Office Prices Drop as Apartment, Industrial Gain
Real Capital Analytics, New York, reported commercial real estate price growth increased at a 1.4 percent annualized pace in September as gains in apartment and industrial sector prices offset declines in retail and office price.
Dealmaker: Capital One Closes $296M in Freddie Mac, Fannie Mae Loans
Capital One, Bethesda, Md., provided $296 million in Freddie Mac and Fannie Mae loans in Texas and Virginia.