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.
Category: News and Trends
People in the News Oct. 29, 2020
STRATMOR Group, Greenwood Village, Colo., announced that company principal Seth Sprague, CMB, has been named chairperson of the Mortgage Bankers Association’s Certified Mortgage Banker (CMB®) Society for the 2020-2021 year.
Christy Moss, CMB, and Ken Logan, CMB: Reps and Warrants Relief Key to IMB Liquidity Strategies
There is more to spinning today’s volume into gold than efficiently originating high quality loans. For independent mortgage banks, the name of the game is liquidity. Lenders with an eye and a taste for transformative growth are equally attentive to their liquidity strategies, including how their origination practices impact liquidity now and after the current cycle ends.
Record-Low Rates Spur Increase in MBA Weekly Applications Survey
With the 30-year fixed mortgage rate sitting smack on 3 percent, mortgage seekers got the message, sparking an increase in mortgage applications last week, the Mortgage Bankers Association reported Wednesday.
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“Potential sellers are likely correct that home prices have yet to reach their peak, but in the long run prices tend to rise, so there’s no clear ‘right time’ to sell. Homeowners who feel life is uncertain right now may think they can still get a strong price if they delay selling until they have more clarity. The catch is that waiting to sell may raise the cost of a trade-up.”
–Zillow senior economist Jeff Tucker.
Housing Market Roundup
In this edition of the MBA NewsLink Housing Market Roundup, we look at the latest FHFA Strategic Plan; how consumers are altering their home buying and home selling plans during the coronavirus pandemic; why housing affordability might be at a “tipping point;” how the coronavirus is driving down inventories; and how political preferences are having an effect on where people choose to live–or even stay in America.
Pandemic Stokes Robust Demand For Life Sciences Real Estate
CBRE, Los Angeles, said the COVID-19 pandemic has accelerated the U.S. life sciences industry’s momentum, particularly amid the race to produce a vaccine and other medicines.
Record-Low Rates Spur Increase in MBA Weekly Applications Survey
With the 30-year fixed mortgage rate sitting smack on 3 percent, mortgage seekers got the message, sparking an increase in mortgage applications last week, the Mortgage Bankers Association reported this morning.
Home Prices Continue to Show Strength
S&P Dow Jones Indices, New York said its S&P CoreLogic Case-Shiller Indices showed home prices continue to increase at a modest rate across the U.S., rising by 5.7 percent annually in August.
Dealmaker: Alliant Credit Union Loans $47M on Self-Storage, Industrial Assets
Alliant Credit Union, Chicago, closed four loans totaling $46.6 million for self-storage and industrial properties in Michigan, South Carolina and Florida.