CoreLogic, Irvine, Calif., said home prices rose strongly in May, but warned that the effects of the coronavirus and subsequent economic downturn could send home price tumbling over the summer.
Category: News and Trends
Andrew Foster: Preferred Equity Plan for Commercial Real Estate Comes to Washington
This week in Washington, ongoing COVID-19 relief discussions have reached the commercial real estate borrowing community and their financiers in earnest.
Dealmaker: NorthMarq Secures $42M for Multifamily
NorthMarq, Minneapolis, negotiated $42.1 million in financing for New Jersey and Illinois multifamily properties.
Quote
“The improvement in the forbearance data was broad-based, with declines for both GSE and Ginnie Mae loans. The decrease in new forbearance requests indicates that further declines are likely in the weeks ahead.”
–MBA Chief Economist Mike Fratantoni.
Quote
“The improvement in the forbearance data was broad-based, with declines for both GSE and Ginnie Mae loans. The decrease in new forbearance requests indicates that further declines are likely in the weeks ahead.”
–MBA Chief Economist Mike Fratantoni.
MBA: Share of Mortgage Loans in Forbearance Decreases for Third Straight Week to 8.39%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 8 basis points to 8.39% of servicers’ portfolio volume as of June 28, compared to 8.47% the prior week. MBA estimates nearly 4.2 million homeowners are in forbearance plans.
MBA: Share of Mortgage Loans in Forbearance Decreases for Third Straight Week to 8.39%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 8 basis points to 8.39% of servicers’ portfolio volume as of June 28, compared to 8.47% the prior week. MBA estimates nearly 4.2 million homeowners are in forbearance plans.
Former MBA Treasurer Daniel Mulvihill Passes Away
Daniel F. Mulvihill, Chairman Emeritus of Pacific Southwest Mortgage, San Diego, and former Treasurer of the Mortgage Bankers Association whose pioneering work with MBA helped make the annual CREF Convention & Expo one of the industry’s major commercial real estate conferences, died on July 1. He was 93.
MISMO Certifies First Two Remote Online Notary Products
MISMO®, the mortgage industry standards organization, today announced eNotaryLog and Notarize are the first two companies to complete MISMO’s new Remote Online Notarization certification program. RON certification provides assurance that products fulfill the requirements of the MISMO Remote Online Notary Standards.
Aneeza Haleem: Can You Trust AI and Your BOT Workforce to Make the Best Decisions for Your Customers?
We have successfully tackled using AI in newer areas, such as tiered contextual responses, voice recognition, biometrics and natural language processing. The fuzziness increases in emerging areas of AI use, including one where it’s especially common in mortgage banking – customer engagement using sentiment analysis and advanced contextual cues.