The Zillow analysis said homes owned by Black and Latino households are worth 16.2% and 10.2% less, respectively, than the typical U.S. home — gaps that have closed by about 4 percentage points from their widest points following the Great Recession.
Category: News and Trends
Dealmaker: LPC West, Geyser Holdings Acquire Hollywood Office, Entertainment Campus for $186M
LPC West, Los Angeles, and Geyser Holdings, Encinitas, Calif., acquired creative office campus 959 Seward in Hollywood, Calif.
MBA: Share of Mortgage Loans in 2-Month Holding Pattern
The Mortgage Bankers Association’s Forbearance and Call Volume Survey showed little change over the holiday season–and in fact, has shown little change over the past two months.
MBA Voices: Courageous Conversations with Women of Color Series Begins Jan. 12
The Mortgage Bankers Association introduces a new three-part virtual series, Voices: Courageous Conversations with Women of Color, beginning Tuesday, Jan. 12.
Joe Camerieri–Mortgage Technology in 2021: The Year of AI
As mortgage technology continues to evolve, it needs to look inward, toward manufacturing loan assets to truly streamline the mortgage lending process as we know it.
Joe Zeibert: Leveraging Right Data Analytics Can Make All the Difference
Leveraging the right data analytics can provide today’s mortgage companies with many competitive advantages and allow them to better support their LOs – letting them focus on what they do best and maximizing both customer satisfaction and revenue.
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“The record-low rates for fixed-rate mortgages is good news for borrowers looking to refinance or buy a home, as around 98 percent of all applications are for fixed-rate loans. Despite these low rates, overall application activity fell sharply during the holiday period – which is typical every year.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
Call for Nominations: MBA NewsLink 2021 Tech All-Star Awards; Deadline Jan. 29
The Mortgage Bankers Association is accepting nominations for the MBA NewsLink 2020 Tech All-Star Awards. Nominations will be accepted through Friday, Jan. 29.
Industry Briefs, Jan. 6, 2021
Simon Property Group, Indianapolis, completed its acquisition of an 80 percent ownership interest in The Taubman Realty Group Limited Partnership, Bloomfield Hills, Mich.
CMBS Market Musings–Not Out of the Woods?
As the commercial real estate finance market experienced fits and starts last year, no capital source provided more transparency into commercial real estate than CMBS with its monthly investor reporting and credit rating agency coverage creating a window into market performance and challenges for certain retail and hospitality assets.