A year ago, the Mortgage Bankers Association launched a strategic initiative to help develop stronger and more effective affordable housing partnerships in both the policy and business arenas. Recently, MBA put that commitment to work in Memphis.
Category: News and Trends
Technology Talk: Q&A with SS&C’s Bob Wright, CMB, CCMS
MBA NewsLink interviewed Bob Wright, CMB, CCMS,about SS&C Technologies’ work-from-home experience and his experience with Coronavirus.
Quote
“After two months of strong growth, purchase applications declined for the second week in a row. The weakening in activity is potentially a signal that pent-up demand is starting to wane and that low housing supply is limiting prospective buyers’ options. The average purchase application loan size increased to a record high in our survey – more proof that tight inventory conditions are leading to faster price growth.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
Mortgage Applications Decrease Again in MBA Weekly Survey
Mortgage applications fell for the second straight week, albeit slightly, even as key interest rates continued to hover at record lows, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending June 26.
Moody’s Sees ‘Drastic Drop’ in CMBS Supply-Demand Fundamentals
Moody’s Investors Service, New York, said the supply and demand outlook for most property types in the securitized commercial real estate market “fell drastically” in the first quarter.
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.
Consumer Confidence Show Signs of Life Following Bumpy Spring
The Conference Board, New York, said its Consumer Confidence Index increased in June, after virtually no change in May and sharp drops in March and April.
Dealmaker: Alliant Credit Union Closes $21M Multifamily Loan
Alliant Credit Union, Chicago, closed a $20.8 million loan to American Landmark Apartments for Atlanta-area multifamily building Bentley at Marietta.
S&P Reports Home Prices ‘Steady’ Amid Economic Volatility
Home prices continued to increase at a modest rate this spring, according to the S&P CoreLogic Case-Shiller Home Price Indexes.
GSEs Extend Multifamily Forbearance
The Federal Housing Finance Agency announced Fannie Mae and Freddie Mac will allow servicers to extend forbearance agreements for multifamily property owners with existing forbearance agreements.