The Mortgage Bankers Association announced members of its Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG) for 2021.
Category: News and Trends
The Week Ahead—Nov. 30, 2020
Good morning, happy Monday and welcome back. We hope you had a safe and happy Thanksgiving weekend. We’ve got one more month in 2020, so let’s get to it and get it done.
ULI: Real Estate Industry Should Promote Health, Social Equity
The real estate industry should adopt health and social equity practices and promote those already in existence, said the Urban Land Institute, Washington. D.C.
Dealmaker: Merchants Capital Provides $21M for Multifamily
Merchants Capital, Carmel, Ind., provided $21 million in construction financing for two Indiana multifamily communities.
People in the News Nov. 30 2020
Planet Home Lending LLC, Meriden, Conn., promoted Dalila Ramos to Vice President of Talent Acquisition to support recruiting efforts and attract talent.
Quote
“New home sales are so strong that they are even up when they are down.”
–Mark Vitner, Senior Economist with Wells Fargo Securities, Charlotte, N.C.
The Wonder Years: Freddie Mac’s K Series Turns 11
Freddie Mac’s K series quietly holds a place as an important, innovative multifamily market solution that has served borrowers, lenders, tenants and bondholders extremely well since its inception. Importantly for a government-sponsored entity, it also serves as a mechanism to transfer risk away from taxpayers.
FHFA: 2021 GSE Conforming Loan Limits Increase to $548,250
The Federal Housing Finance Agency yesterday announced a nearly $40,000 jump in maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2021.
MBA State of the Association Dec. 2
The Mortgage Bankers Association’s annual State of the Association takes place Wednesday, Dec. 2 from 3:00-4:00 p.m. ET.
Mark P. Dangelo: Lead, Follow or be Run Over
As we investigate 2021, one thing is certain, technology will be the innovation mantra pushing mortgage bankers and their high-touch processes into realities such as straight-through processing. These advanced technical innovations will challenge FSBO’s to think very, very differently.