Joe Ludlow is Vice President for Irvine, Calif.-based Advantage Systems, a provider of accounting and financial management tools for the mortgage industry.
Category: News and Trends
MBA: September Commercial, Multifamily Mortgage Delinquencies Decrease
Delinquency rates for mortgages backed by commercial and multifamily properties declined in September, the Mortgage Bankers Association’s latest monthly MBA CREF Loan Performance Survey reported.
MBA: Commercial, Multifamily Mortgage Delinquencies Decrease in September
Delinquency rates for mortgages backed by commercial and multifamily properties declined in September, the Mortgage Bankers Association’s latest monthly MBA CREF Loan Performance Survey reported.
MBA, California MBA Oppose California Props. 15 and 21
On Election Day, Californians will vote for or against two ballot initiatives strongly opposed by the Mortgage Bankers Association, California MBA and other industry partners.
STRATMOR: Lenders’ Pain Points Shift Dramatically During Pandemic
COVID-19 has created problems for mortgage lenders, and their most daunting challenges have evolved considerably since early in the pandemic, according to the STRATMOR Group’s monthly Insights Report.
ADP: September Private-Sector Employment Up 750k
Ahead of Friday’s unemployment report from the Bureau of Labor Statistics and Thursday’s initial unemployment claims report from the Labor Department, ADP, Roseland, N.J. reported private-sector employment increased by 749,000 from August to September.
CoreLogic: Nearly 2 Million Homes at Elevated Risk of Wildfire Damage
The report said 1,975,116 homes in the United States with an associated reconstruction cost of more than $638 billion at elevated risk of wildfire damage. These homes represent 6.5% of the total number of U.S. homes.
Final 2Q GDP Report Not Much Improvement
Second quarter gross domestic product—initially reported at nearly minus 33 percent in July, then minus 31.7 percent in August—didn’t improve much in the Bureau of Economic Analysis final estimate yesterday.
August Pending Home Sales at Record High
Pending home sales continue to meet—and exceed—their potential, the National Association of Realtors reported yesterday.
Dealmaker: Red Mortgage Capital Provides $39M FHA Loan
Red Mortgage Capital, Columbus, Ohio, provided a $39.3 million Federal Housing Administration refinance for Liberty BLVD, a 266-unit apartment community in Salt Lake City, Utah.