Initial claims for unemployment insurance rose for the third time in five weeks amid signs the economy is stalling, the Labor Department reported yesterday.
Category: News and Trends
MBA Statement on Marcia Fudge as HUD Secretary Nominee
President-Elect Joseph Biden this week nominated Rep. Marcia L. Fudge, D-Ohio, as HUD Secretary. If confirmed, she would be the first woman to lead HUD in more than 40 years and the second Black woman in history to lead the Department.
Institutional Investor Expectations Improve
Institutional investors expect positive full-year 2020 commercial real estate returns, but not by very much, the Pension Real Estate Association’s quarterly Consensus Forecast Survey reported.
Dealmaker: Institutional Property Advisors Brokers $42M in Retail Sales
Institutional Property Advisors, Ontario, Calif., brokered $42.4 million in retail property sales in Indiana, Michigan and Florida.
Andrew Foster: Top Five Commercial Mortgage Servicing Issues to Watch in 2021
While most will be monitoring increased infections and the progress of vaccine distribution and effectiveness, loan servicing and asset management professionals will have some additional factors impacting their organizations and books of business in the new year
MBA Mortgage Action Alliance Announce Steering Committee Election Results
The MBA Mortgage Action Alliance announced results of its Steering Committee elections, adding three at-large members for the 2021-2022 election cycle.
MBA Opens Doors Foundation Adds Kristy Fercho, Matt Rocco to Board of Directors
The MBA Opens Doors Foundation announced two real estate finance industry executives to its Board of Directors: Kristy Fercho, 2021 MBA Chair-Elect, and Executive Vice President and Head of Wells Fargo Home Lending; and Matt Rocco, 2021 MBA Vice Chairman, and Chairman of the Board and CEO of Grandbridge Real Estate Capital.
RIHA Study: Widening Inequality After Great Recession Attributed to Decline in Homeownership, Home Values
Distribution of wealth among U.S. households became increasingly unequal from 2007 through 2016 as a decline in homeownership and home values impacted the wealth of middle-class families, according to a new research report, The Distribution of Wealth Since the Great Recession, released yesterday by the Mortgage Bankers Association’s Research Institute for Housing America.
Greg Holmes of Credit Plus on COVID Challenges
Greg Holmes is Managing Partner with Credit Plus Inc., Salisbury, Md., a third-party verifications company serving the mortgage industry.
CREF Market Outlook: Commercial Real Estate’s Four-Bucket Theory
The pandemic has affected different commercial property types in very different ways, and they will likely perform differently when the economy bounces back, said MBA Vice President of Commercial Real Estate Research Jamie Woodwell.