CBRE, Los Angeles, said it anticipates the office, retail and hotel sectors will begin a slow recovery next year. Meanwhile, industrial and logistics real estate will likely extend an early recovery already underway and multifamily should start its own swift rebound, it said in its 2021 U.S. Real Estate Market Outlook.
Category: News and Trends
TransUnion: Popularity of 15-, 20-Year Mortgages Continues to Grow
TransUnion, Chicago, said as low interest rates drive refinance activity, short-term loans—i.e., 15-year and 20-year mortgages—continue to increase in popularity, a trend that played out in the third quarter.
Dealmaker: New York Life Real Estate Investors Originates $584M
New York Life Real Estate Investors, New York, originated $584 million for industrial and multifamily properties across the U.S.
Industry Briefs Nov. 13, 2020
Qualia, San Francisco, launched its Physical Document Service, enabling mortgage lenders to automate management of paper trailing documents from title partners through Qualia.
Initial Claims Drop, Remain Elevated
This week’s initial unemployment claims report from the Labor Department sounds an increasingly familiar theme: a slight drop from the previous week, tempered by the reality that claims remain highly elevated from pre-pandemic levels.
J.D. Power: Annual Satisfaction Study Reveals ‘Underlying Problems’ in Mortgage Industry
Record-low interest rates and low housing inventories have driven U.S. home sales to a 14-year high and yet another refinancing boom—the Mortgage Bankers Association now estimates 2020 mortgage originations to jump to $3.18 trillion—but it has also exposed underlying weaknesses in lender and servicer strategies, said J.D. Power, Troy, Mich.
‘Not Ok? That’s Ok:’ Financial Services, Consumer Coalition Launches Borrower Awareness Campaign
The Mortgage Bankers Association and a broad coalition of financial services stakeholders – including mortgage servicers, trade associations, housing counseling agencies, governmental agencies and think tanks – launched a consumer awareness campaign to reach borrowers who have missed one or more mortgage payments as a result of the COVID-19 pandemic and may be eligible for forbearance assistance under the CARES Act or other forms of mortgage payment relief.
Andrew Foster: Trade Associations–Community Building in Unsettling Times
Associations can play an outsized role when industries and societies are disrupted or experience significant shifts. Numerous events occurring in 2020 are textbook examples of these type of situations.
People in the News Nov. 13, 2020
MISMO® appointed Seth Appleton as its new president. Appleton currently serves as Assistant Secretary of Policy Development and Research with HUD and as Principal Executive Vice President of Ginnie Mae. He will join MISMO on Dec. 1.
Trevor Gauthier of ACES Quality Management on Early Payment Defaults
Trevor Gauthier is CEO of ACES Quality Management, formerly known as ACES Risk Management (ARMCO). He has more than 20 years of executive experience in leading growth initiatives for tech organizations and building teams both organically and through acquisition.