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Category: News and Trends
MBA Servicing Solutions Conference and Expo, Feb. 16-19
MBA’s Servicing Solutions Conference & Expo is the event for mortgage servicing professionals.
Dealmaker: JLL Secures $39M for Savannah Townhomes
JLL Capital Markets arranged $38.7 million in financing for Clear Lake Reserve Townhomes, a 199-unit for-rent townhome community in Pooler, Ga.
New Home Sales Rise in August Due to More Supply, Zonda Reports
The new home market saw a modest 2.1% month-over-month increase in total transactions in August, according to Zonda, Newport Beach, Calif.
Existing-Home Sales Dip in August
Existing-home sales remained essentially the same in August, ticking down just 0.2% from July, according to the National Association of Realtors, Chicago.
Mortgage Application Payments Decrease in August
Homebuyer affordability improved in August, with the national median payment applied for by purchase applicants decreasing to $2,100 from $2,127 in August, according to MBA’s Purchase Applications Payment Index.
MBA Opens Applications for Associate Advisory Council
MBA is now accepting applications for open seats on the MBA Associate Advisory Council, an industry leadership group dedicated to representing the interests and elevating the contributions of Associate Members.
ICE First Look: Delinquencies Up; Foreclosure Activity Slowly Trending Higher
The national mortgage delinquency rate rose in August–largely driven by a calendar anomaly–while foreclosure activity continued its slow upward trend, ICE Mortgage Technology reported Wednesday.
Realtor.com: Buyers Show Increased Interest in Fixer-Uppers
Realtor.com, Santa Clara, Calif., found that properties marketed as fixer-uppers are garnering more interest from prospective buyers.
Dodge Momentum Index Points to Stronger Construction Activity
The Dodge Momentum Index increased 7.5% in August to 301.4, the Dodge Construction Network reported. Over the month, commercial planning expanded 8.7% while institutional planning grew 5.4%.