Gantry, San Francisco, secured $23.5 million in financing for two California office buildings.
Category: News and Trends
Nate Johnson: 3 Ideas Toward a Fast, Efficient, Profitable Mortgage Operations Process
The U.S. real estate industry is in a volatile state – as much, if not more, than it was during the 2008 financial crisis. We are seeing some record numbers in the mortgage industry with rising foreclosures, really low interest rates, and shortage of inventory. This does seem to be a stable environment, though – but while things seem to fall in place at times, the next moment new factors disrupt the market environment. Here are three areas of turbulence in the mortgage industry.
MBA Education Path to Diversity Scholar Profile: Malik Wilkes
(One of a continuing series of profiles of participants in the MBA Education Path to Diversity (P2D) Scholarship Program, which enables employees from diverse backgrounds to advance their professional growth and career development.)
Industry Briefs Aug. 27, 2020
SimpleNexus, Lehi, Utah, enhanced its integration with MobilityRE with new features that improve the home search experience for borrowers and enable lenders and realtors to respond more swiftly to borrower requests.
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“MBA and its members appreciate FHFA and the GSEs extending these important features. Both the origination flexibilities and the program to purchase loans in forbearance are providing important stability to the mortgage market during the pandemic, and today’s announcement will enable lenders to continue to make low rate mortgage financing readily available to consumers and avoid the inevitable credit tightening that would have resulted from their expiration.”
–MBA President & CEO Robert Broeksmit, CMB.
Mortgage Applications Down Again in MBA Weekly Survey
Mortgage applications fell for the second straight week amid little movement in interest rates, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending August 21.
FHFA Delays Refi Fee Implementation to Dec. 1
The Federal Housing Finance Agency this afternoon said Fannie Mae and Freddie Mac would delay implementation of a controversial Adverse Market Refinance Fee by two months, to Dec. 1.
State Regulators Seek Industry Input on MLO Licensing Test
State financial service regulators launched a survey of licensed mortgage loan originators yesterday to gather information on various job functions as part of a process to validate the nationwide licensing exam.
Sponsored Content from Pavaso: Data Privacy and Working with eClosing Service Providers
Overlooking this factor when choosing an eClosing technology service provider could cost you.
Top 10 Ways to Engage with MBA CREF
It’s that time of year again. The annual renewal invoices for your trade association memberships arrive. You think about how you leveraged memberships over the past year but it’s likely that your company could have done more to get the most out of it. Here are a few suggestions on how commercial/multifamily members can effectively leverage Mortgage Bankers Association resources to get the most benefit from your firm’s membership.