More than 1.5 million Americans filed initial claims for unemployment insurance last week virtually unchanged from the previous week and at historically elevated levels for the 12th consecutive week, the Labor Department reported yesterday.
Category: News and Trends
Dealmaker: Greystone Provides $124M in Fannie Mae DUS Loans
Greystone, New York, provided $124.3 million in in Fannie Mae Delegated Underwriting and Servicing loans to refinance five multifamily properties.
MBA: 1Q Commercial, Multifamily Mortgage Delinquencies Remain Low
Commercial and multifamily mortgage delinquencies remained low at the end of the first quarter, the Mortgage Bankers Association said this morning in its first quarter Commercial/Multifamily Delinquency Report.
Richard Ferguson: Preserving Down Payment Options in a Disruptive Market
There is no downplaying the destruction the COVID-19 pandemic has had on our economy and the financial lives of millions of Americans. But it is also threatening the up-and-coming generation of home buyers, particularly minorities.
Homeownership Month Roundtable: How Lenders are Adapting to Shifting Sands
June is Homeownership Month in a year unlike any other. MBA NewsLink asked executives of four lenders to discuss how the coronavirus has affected their business and what they are doing to adapt and succeed.
NAMMBA Town Hall: The COLOR of COVID Today
NAMMBA hosts a special state of the industry town hall series, The COLOR of COVID, this Friday, June 19, from 1:00-4:00 p.m. ET.
David Upbin of MBA Education on Staying Ahead of the Curve
David Upbin is Vice President of Education Operations and Programming & MBA Strategy with the Mortgage Bankers Association. He joined MBA in 2013 and is responsible for financial management, operations, delivery and programming of MBA Education’s suite of training products and events.
MBA Education Path to Diversity Scholar Profile: Ashley Duffy
(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.)
Quote
“This year’s first quarter marked the end of a long period of extraordinarily low and stable delinquency rates for commercial and multifamily mortgages. With the onset of the COVID-19 pandemic and our social and economic responses to it, more recent data from MBA and others show increasing pressure on delinquency rates, particularly for loans backed by hotel and retail properties, where the impacts have been most immediately and dramatically felt.”
–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.
Radian: U.S. Home Price Gains Slow in May
Radian Group, Philadelphia, said home prices across the United States rose at an annualized rate of 4.5 percent in May from April.