George Smith Partners, Los Angeles, arranged $13.8 million for two southern California multifamily properties.
Category: News and Trends
Mortgage Rates Fall to Record Low
The 30-year fixed-rate mortgage averaged 2.86 percent last week, the lowest rate since at least 1971, reported Freddie Mac, McLean, Va.
MBA LIVE: Virtual Annual Convention & Expo Oct. 19-21
MBA is gearing up for 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.
People in the News Sept. 11, 2020
Digital platform and business process management provider SLK Global Solutions added mortgage industry veteran Casey Hughes-Wade to its leadership team.
Mortgage Credit Availability Decreased in August
Mortgage credit availability decreased in August according to the Mortgage Credit Availability Index, a Mortgage Bankers Association report that analyzes data from Ellie Mae’s AllRegs® Market Clarity® business information tool.
Industry Briefs Sept. 11, 2020
Intercontinental Exchange, Atlanta, received regulatory approval and completed its $11 billion acquisition of Ellie Mae from private equity firm Thoma Bravo.
Most Consumers Plan to Maintain Increased Digital Banking after Pandemic
COVID-19 has permanently changed how consumers interact with their financial services organization, reported BAI, Chicago.
Remote Work Could Open Homeownership to Nearly Two Million New Households
The rise of remote work could unlock homeownership for nearly two million renter households, according to Zillow, Seattle.
Quote
“Several states–including Florida and New York–that have had foreclosure moratoria in place have recently loosened some of their restrictions, which may explain the unexpected bump in the monthly numbers.”
–Rick Sharga, Executive Vice President with RealtyTrac.
MBA Education Path to Diversity Scholar Profile: Adam Krings
(One of a continuing series of profiles of participants in the MBA Education Path to Diversity (P2D) Scholarship Program, which enables employees from diverse backgrounds to advance their professional growth and career development.)