Commercial and multifamily mortgage bankers are expected to close $248 billion in loans backed by income-producing properties this year, a 59 percent decline from 2019’s record volume of $601 billion, a new Mortgage Bankers Association forecast said.
Category: News and Trends
MBA Education Path to Diversity Scholar Profile: Lakendra Turner
(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.)
Fannie Mae: Prepare to Go Digital with eMortgage
The eMortgage Readiness Checklist outlines key steps toward adopting a digital mortgage process and will prepare you for selling and servicing eMortgages with Fannie Mae. Use it to assess readiness and track your progress.
Rick Triola: How to Avoid Leaving an Empty Seat at the Closing Table
two years ago, mortgage industry advisory firm STRATMOR Group published data illuminating just how important it is for loan officers to attend their closings. We live in a very different world than we did two years ago, and while the nature of closings may have changed in 2020, the impact of the closing on the overall borrower experience has not.
FHA Proposes Streamlined Single-Family Servicing Policies; CFPB Touts Benefits of Credit Builder Loans
The Federal Housing Administration this week published proposed revisions to its Single-Family servicing policies, designed to remove “unnecessary barriers” for homeowners seeking mortgage payment relief, achieve operational consistency with industry standard best practices and reduce burdens incurred by the industry when servicing an FHA-insured mortgage portfolio.
MBA Education Path to Diversity Scholar Profile: Lakendra Turner
(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.)
Housing Finance Roundup: Purchase Market Strength; Millennial Buying Power; COVID-19 Effect on Homeownership Plans; Bidding Wars Intensify; Home Price Growth Persists
Here is the latest Housing Finance Roundup, with summaries of reports from Ellie Mae; First American Financial Corp.; Bankrate.com; Zillow; and Redfin.
COVID-19 Pandemic to Cause Commercial/Multifamily Lending Pullback in 2020
Commercial and multifamily mortgage bankers are expected to close $248 billion in loans backed by income-producing properties this year, a 59 percent decline from 2019’s record volume of $601 billion, a new Mortgage Bankers Association forecast said.
Andrew Foster: Commercial Observer Power Finance List Stacked with MBA Leadership
The Commercial Observer’s annual listing of commercial real estate finance power players includes some names familiar to MBA members. The list identifies the 50 most powerful figures in commercial real estate finance.
Dealmaker: Cushman & Wakefield Closes $121M in Office Sales
Cushman & Wakefield closed $121 million in south Florida office property sales.