MBA holds its first-ever virtual Annual Convention & Expo. Taking place October 19-21 via MBA LIVE, attendees can connect whenever they want, from wherever they want.
Category: News and Trends
Initial Jobless Claims Remain Stubbornly High
Initial claims for unemployment insurance fell slightly last week, the Labor Department reported yesterday, but only after an upward revision from the previous week’s numbers.
Dealmaker: George Smith Partners Secures $59M for Multifamily, Office
George Smith Partners, Los Angeles, secured $58.6 million for multifamily and office assets in southern California.
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“At the onset of the coronavirus pandemic in the United States, there was a short impact on nearly all housing markets with a month or two of softening. After the initial shock, consumers embraced low interest rates and home prices returned to their pre-pandemic level and continue to move upward.”
–Eric Fox, Vice President of Statistical and Economic Modeling with Veros Real Estate Solutions, Santa Ana, Calif.
CFPB Rescinds RESPA Section 8 Compliance Bulletin
In another victory for Mortgage Bankers Association advocacy, the Consumer Financial Protection Bureau yesterday rescinded a controversial Compliance Bulletin on prohibition of kickbacks and referral fees under the Real Estate Settlement Procedures Act.
Mortgage Credit Availability Falls Again, Remains at 6-Year Low
Mortgage credit availability decreased in September, remaining at a six-year low, the Mortgage Bankers Association reported this morning.
Julie Chipman: 5 Ways to Cultivate Culture while Onboarding Employees Remotely
When our entire workforce at Embrace Home Loans went remote in April, we faced the challenge of how to help make new employees feel welcome and part of the team. We’ve learned that managers are one of the most effective resources for building company culture. And this holds true not only for mortgage companies, but for most other industries as well.
Along Came COVID: Emerging Tech Trends in Commercial Real Estate Finance
Emerging technologies and start-up firms proliferated in commercial real estate over the last several years. With the conventional wisdom being that while the single-family real estate finance industry has embraced new technologies and innovation, CRE was a laggard and therein lies a massive opportunity.
The World is Changing: is Real Estate Ready?
It’s safe to say 2020 has been one “hold my beer” moment after another. And the real estate finance industry, says States Title, San Francisco, had better be prepared for more changes—or risk obsolescence.
Sponsored Content from ServiceLink: Keeping Up with Surging Demand Requires Smart Technology
With record-low interest rates and an ongoing rush of refinance demand, mortgage lenders are racing to process as much business as they can. How can their settlement service providers help?