Dwight Capital, New York, financed $143.5 million for multifamily properties in Washington, Arizona and Virginia.
Category: News and Trends
Placing Capital in Uncertain Times: A Conversation with CBRE’s Val Achtemeier
MBA NewsLink interviewed Valerie Achtemeier, Executive Vice President at CBRE Capital Markets in the Debt & Structured Finance Group. Based in Los Angeles, Achtemeier leads a team in placing debt and equity on commercial real estate throughout the U.S.
Industry Briefs Oct. 7, 2020
LERETA, Pomona, Calif., a provider of national real estate tax and flood services, acquired Accumatch. A Dallas-based property tax intelligence company. Terms were not disclosed.
State Financial Regulators Seek Comment on ‘Prudential Standards’ for Nonbank Mortgage Servicers
The Conference of State Bank Supervisors seeks public input on proposed regulatory prudential standards for nonbank mortgage servicers, as the state-regulated industry covers an increasing share of this market.
MBA Annual20 General Sessions: Updates from FHFA Director Mark Calabria, CFPB Director Kathy Kraninger; Early Registration Deadline Today
MBA is pleased to announce that Federal Housing Finance Agency Director Mark Calabria and Consumer Financial Protection Bureau Director Kathy Kraninger will take the virtual stage at MBA Annual20.
Record-Low Interest Rates Spark Refi Surge in MBA Weekly Survey
We apparently haven’t seen a bottom in mortgage interest rates—and it got a lot of borrowers off their couches, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending October 2.
Quote
“There are signs that demand is waning at the entry-level portion of the market because of supply and affordability hurdles, as well as the adverse economic impact the pandemic is having on hourly workers and low-and moderate-income households. As a result, the lower price tiers are seeing slower growth, which is contributing to the rising trend in average loan balances.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
Jessica Longman: Education is Key–Reduce Homeowner Frustration Regarding Property Taxes
Some of the most common questions that servicers receive from customers revolve around property taxes. An important aspect to providing an excellent experience for your customers includes educating them on the critical pieces they need to know about their loan; in turn this will reduce call volume relating to property tax questions and reduce overall homeowner frustration about taxes and payments.
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?
MBA Offers FHFA Recommendations on GSE Strategic Plan
The Mortgage Bankers Association, in comments yesterday to the Federal Housing Finance Agency, said the FHFA Strategic Plan for fiscal years 2021-2024 should continue to work toward an ultimate goal: releasing Fannie Mae and Freddie Mac from federal conservatorship—but only when they are able to do so without risk to the real estate finance markets.