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Category: News and Trends
Chris Lewis: 3 Steps You Should Take Now to Get Ready for RON
Many of the industry’s efficiency experts have long argued that a digital mortgage can save all parties time and money. In the past, however, there were too many downstream issues that blocked the process from full-scale adoption. But with shelter in place, safer at home and social distancing all coming into play, the pandemic has led to a renewed push to get a completely digital mortgage as the new way to close all your loans.
MBA: 2019 Multifamily Lending Up 7% to Record High
Fueled by strong market fundamentals and low interest rates, 2,589 different multifamily lenders provided $364.4 billion in new mortgages in 2019 for apartment buildings with five or more units, according to the Mortgage Bankers Association’s annual multifamily lending market report.
Charlotte, Austin, Denver See Strongest STEM Job Creation
Charlotte, Austin and Denver have the fastest-growing number of science, technology, engineering and math jobs, which analysts expect will see renewed importance in the post-COVID economy.
Dealmaker: Newmark Knight Frank Closes $62M in Property Sales
Newmark Knight Frank, New York, closed $61.5 million in industrial and retail property sales.
Senate Confirms Dana Wade as FHA Commissioner
he Senate yesterday confirmed Dana Wade as FHA Commissioner by a 57-40 vote. The Mortgage Bankers Association strongly supported Wade’s nomination.
Mortgage Applications Decrease in MBA Weekly Survey
Mortgage applications fell for the first time in four weeks, albeit slightly, as the 30-year fixed rate held at a record low, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending July 24.
July Consumer Confidence Dips Amid Coronavirus Resurgence
The Conference Board, New York, said its Consumer Confidence Index fell for the third time in four months in July, amid growing concerns over the resurgence of COVID-19 nationwide.
Housing Prices Hold Steady
The Standard & Poor’s CoreLogic Case-Shiller Home Price Indexes reported modest home price increases in May, showing a stable trend amid recent market volatility.
Fannie Mae: Helpful eMortgage Resources
With the recent shift many people have experienced to remote work, digital closing options are top of mind for lenders. Fannie Mae has a variety of eMortgage resources to help you.