Commercial and multifamily mortgage origination volumes tend to move nearly in lockstep with property sales activity. With the onset of the COVID-19 pandemic, both tumbled, but with some important caveats.
Category: News and Trends
Employers Add 638,000 Jobs; Unemployment Remains Elevated
The economy continued its high-low pattern in Friday’s employment report from the Bureau of Labor Statistics. While total nonfarm payroll employment rose by a strong 638,000 in October, and the unemployment rate fell to 6.9 percent, both numbers reflect the devastating economic effects of the coronavirus pandemic.
The Week Ahead—Nov. 9, 2020
The Mortgage Bankers Association’s Regulatory Compliance Conference gets underway today and runs through Tuesday, Nov. 10.
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.
Sponsored Content from Nationwide Title Clearing: Making a Sale or Partnering?
Selling and delivering as a business partner in today’s market, with Nationwide Title Clearing VP of Sales & Marketing, Danny Byrnes.
Attention Lenders: 2021 MBA/STRATMOR Peer Group Roundtables Around the Corner
Is your company flying blind with incomplete or incomparable data to support key business decisions? Consider joining an elite group of 100+ lenders this spring that participate in the MBA and STRATMOR Peer Group Roundtables (PGR).
Dealmaker: Berkadia Arranges $100M-Plus for Multifamily
Berkadia arranged more than $100 million in financing for multifamily properties in Utah, California, Arizona and Kansas.
ULI Forecast Sees Potential Rebound in 2021-2022
The Urban Land Institute, Washington, D.C., said a consensus of real estate economists surveyed expect a short-lived recession and above-average GDP growth in 2021 and 2022.
Jennifer Henry: Reducing Risk and Increasing Efficiency for Digital Mortgages with Third-Party Verifications
The digitization process has accelerated as mortgage professionals seek ways to efficiently meet the high demand for both purchase and refinance applications.
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“MBA looks forward to working with President-elect Biden, Vice President-elect Harris, his administration and the new Congress on the wide variety of issues impacting borrowers, renters and commercial lenders and property owners. This includes access to affordable housing for all Americans; helping first-time homebuyers enter the market; assisting owners, renters and landlords negatively affected by the COVID-19 pandemic; and ensuring liquidity and a level playing field for lenders and borrowers alike.”
–MBA President & CEO Robert Broeksmit, CMB.