Tech industry job loss has been minimal during the pandemic, and the tech sector is still driving U.S. office-leasing activity, reported CBRE, Los Angeles.
Category: News and Trends
Dealmaker: Kennedy Wilson Acquires Multifamily Portfolio for $198M
Kennedy Wilson, Beverly Hills, Calif., acquired 880 units across three multifamily properties in a $198 million off-market transaction.
MBA Advocacy Update Nov. 3, 2020
On Wednesday, HUD extended FHA’s appraisal and reverification of employment flexibilities through December 31. On Tuesday, MBA submitted comments in response to the proposed interagency flood insurance Q&A jointly issued by the OCC, the Federal Reserve, FDIC, NCUA and FCA. Also on Tuesday, MBA issued a call to action to MAA members in Pennsylvania urging Gov. Tom Wolf to approve legislation (HB 2370) that would permanently enable the use of RON in the state.
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“Increased loan volume continues to deliver big paydays for loan originators as well as for loan processors, many of whom earn per-loan unit bonuses. The refi boom won’t continue indefinitely, though, and we’re already seeing some softening in refi volume even as consumer appetite for purchase loans sharpened in Q3.”
–Lori Brewer, Founder & CEO of LBA Ware, Macon, Ga.
LBA Ware: Heavy Loan Volumes Keeps LO Compensation Elevated
LBA Ware, Macon, Ga., releases its third quarter Mortgage Loan Originator Compensation Reports, showing commissions earned by LOs increased by 50% from a year ago, because the average LO funded 51% more volume in the third quarter ($2.6 million per month) than a year ago ($1.7 million per month).
Federal Agencies Propose Regulation Codifying Use of Supervisory Guidance
Five federal agencies on Thursday issued a proposed regulation that would codify a 2018 guidance clarifying that supervisory guidance does not have “force and effect of law.”
MBA Chart of the Week: Indexed Levels of GDP
This week’s chart compares the 2008-2010 Great Recession (left), to the recent pandemic-driven recession (right), to illustrate the differences in consumer spending and in both nonresidential and residential investment.
Sponsored Content from ServiceLink: Is It Time to Shift from Appraisal Self-Management to an AMC Model?
Lenders face considerable challenges managing their in-house panels in the current mortgage environment. AMCs offer solutions.
Hotel Development Slips But Remains Robust
The U.S. hotel construction pipeline dipped during the third quarter but remains “robust,” said Lodging Econometrics, Portsmouth, N.H.
MBA Chart of the Week: Indexed Levels of GDP
This week’s chart compares the 2008-2010 Great Recession (left), to the recent pandemic-driven recession (right), to illustrate the differences in consumer spending and in both nonresidential and residential investment.