Stewart Appraisals Management Inc., Houston, announced its acquisition of Pro-Teck Services Ltd., DBA Pro Teck Valuation Intelligence.
Category: News and Trends
Dealmaker: NorthMarq Secures $105M in Multifamily Refis
NorthMarq, Minneapolis, secured $104.8 million for multifamily properties in California and Florida.
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.
Reimagining Office While Working from Home
How companies and their workforces will use office going forward is an increasingly popular subject in 2020. There are questions around existing buildings and how landlord business plans and those of their lenders will perform.
New Home Sales Fall for First Time Since Spring
September new home sales fell for the first time in five months, HUD and the Census Bureau reported yesterday.
MBA: Share of Mortgage Loans in Forbearance Dips Slightly to 5.90%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 2 basis points to 5.90% of servicers’ portfolio volume as of Oct. 18, from 5.92% the prior week. MBA estimates 3 million homeowners are in forbearance plans.
Quote
“The housing market is booming, as shown by the extremely strong pace of home sales last week. However, many homeowners continue to struggle, as the pace of the job market’s improvement has waned.”
— Mike Fratantoni, MBA Senior Vice President and Chief Economist.
MBA: Share of Mortgage Loans in Forbearance Dips Slightly to 5.90%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 2 basis points to 5.90% of servicers’ portfolio volume as of Oct. 18, from 5.92% the prior week. MBA estimates 3 million homeowners are in forbearance plans.
Quote
“The housing market is booming, as shown by the extremely strong pace of home sales last week. However, many homeowners continue to struggle, as the pace of the job market’s improvement has waned.”
— Mike Fratantoni, MBA Senior Vice President and Chief Economist.
Mark P. Dangelo: Beyond Digital Transformation, Part 3—Preparing for the M&As of 2021
Banking and lending organizations with superior digital assets will create disruptive customer experiences and insights. They will be the sharks seeking the distressed institutions as 2021 arrives. Digital leverage has become a currency for innovative firms seeking larger markets, margins, and non-organic growth multipliers made singularly possible by their post-deal integrations skills and capabilities.