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Category: News and Trends
Deep End of the CMBS Pool: A Conversation with KBRA Analysts
KBRA just released its 2021 Sector Outlook: CMBS: Slow and Steady report. As the real estate finance industry grapples with increased infection rates approaching the holiday season and how to think about 2021, MBA NewsLink sat down with KBRA’s Patrick McQuinn and Sacheen Shah to get their insights.
MBA: 3Q Mortgage Production Volume Spurs Strong IMB Profits
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $5,535 on each loan they originated in the third quarter, up from $4,548 per loan in the second quarter, the Mortgage Bankers Association reported this morning in its Quarterly Mortgage Bankers Performance Report.
Bruno Pasceri: The Transformation Ahead
MBA NewsLink interviewed Bruno Pasceri, President of Incenter LLC and a mortgage industry leader for more than 30 years, about the mortgage banking market and how to navigate future changes.
ADP: November Sees 307,000 New Private-Sector Jobs
Ahead of this morning’s weekly Initial Claims report by the Labor Department and Friday’s Employment report by the Bureau of Labor Statistics, ADP, Roseland, N.J., said private-sector employment increased by 307,000 jobs from October to November.
Older, Younger Millennials Diverge on Loan Preferences
With interest rates continuing to hover at historic lows—the Mortgage Bankers Association yesterday pegged the 30-year fixed rate at a record-low 2.92 percent—Millennials appear to be diverging on loan preferences, said Ellie Mae, Pleasanton, Calif.
Dealmaker: Walker & Dunlop Provides $104M for Multifamily
Walker & Dunlop, Bethesda, Md., structured $84.3 million in financing for The Residences at Annapolis Junction, a 416-unit Class A apartment community that delivered in 2018.
Financial Institutions Face Risks To CRE Asset Quality
S&P Global Ratings, New York, said both banks and non-bank financial institutions face risks from their commercial real estate exposure due to the COVID-19 pandemic’s impact on travel, shopping and office usage.
FHFA Extends Foreclosure and REO Eviction Moratoria through Jan. 31
The Federal Housing Finance Agency said Fannie Mae and Freddie Mac will extend the moratoriums on single-family foreclosures and real estate owned (REO) evictions until at least January 31, 2021.
Industry Briefs Dec. 3, 2020
ReverseVision, San Diego, updated all documents that reference an index to support both the Constant Maturity Treasury (CMT) and London Interbank Offer Rate (LIBOR) indexes.