Kroll Bond Rating Agency, New York, said the COVID-19 pandemic accelerated many commercial real estate trends already in progress.
Category: News and Trends
Consumer Confidence Falls to 6-Year Low
The Conference Board, New York, reported its Consumer Confidence Index fell for the second straight month in August to a six-year low.
July New Home Sales Hit 13-Year High
Sales of new single-family houses in July posted another strong double-digit gain, jumping to their strongest pace since 2006, HUD and the Census Bureau reported yesterday.
Strong Fundamentals Keep Home Prices on Steady Rise
S&P Dow Jones Indices, New York, said S&P CoreLogic Case-Shiller Indices showed U.S. home prices rose by 4.3 percent annually in June, unchanged from May.
Dealmaker: Tauro Capital Advisors Secures $50M for Triple-Net-Lease Developers
Tauro Capital Advisors, Los Angeles, secured $50 million in revolving debt facilities for single-tenant triple-net-lease property developers.
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.
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“We welcome today’s announcement from the FHFA amending the recently announced Adverse Market Refinance Fee from Fannie Mae and Freddie Mac. Extending the effective date will permit lenders to close refinance loans that are in their pipelines and honor the rate lock commitments they made to their borrowers, ensuring that economic relief in the form of record low interest rates will continue to flow to consumers.”
–MBA President and CEO Robert Broeksmit, CMB.
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.
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.
MBA: Share of Mortgage Loans in Forbearance Flat
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans in forbearance decreased by just 1 basis point, from 7.20% of servicers’ portfolio volume as of Aug. 16 from the prior week. MBA estimates 3.6 million homeowners are in forbearance plans.