Zillow, Seattle, said sellers expanded their advantage in July as market forces continued to work in their favor.
Category: News and Trends
Office Outlook ‘Opaque’
Reonomy, New York, said the office sector has avoided the worst of the recession, largely due to underlying characteristics including tenant diversification and longer-term leases. But it called the sector’s outlook “opaque.”
MBA Chart of the Week: Mortgage Delinquency Rates
MBA released its National Delinquency Survey results for the second quarter last week. Key findings revealed that the COVID-19 pandemic’s effects on some homeowners’ ability to make their mortgage payments could not be more apparent.
Dealmaker: Arbor Funds $104M in Fannie Mae Loans in California
Arbor Realty Trust, New York, funded 10 Fannie Mae loans in California. The multifamily properties received $104.1 million in financing.
Black Knight: Mixed Results on Delinquencies; Monthly Prepayment Activity Hits 16-Year High
Black Knight, Jacksonville, Fla., said its “First Look” Mortgage Monitor showed while overall delinquencies continued to show improvement, serious delinquencies rose by 376,000 and are now up more than 1.8 million from their pre-pandemic levels.
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 (Aug. 24, 2020)
Overlooking this factor when choosing an eClosing technology service provider could cost you.
MBA Advocacy Update Aug. 24, 2020
MBA continued its advocacy on the GSEs’ recently-announced adverse market fee, urging the agencies and their regulator to withdraw the proposal and engage stakeholders on the following: the rationale behind the imposition of the 50 basis point fee; ways to ensure consumer impacts are mitigated; and, the need to respect existing market commitments between lenders and consumers.
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“July’s surge in existing home sales reflects some catch-up for sales lost during the spring selling season, when the economy was largely shut down, as well as a shift in preferences away from long-term renting toward homeownership. Sales are not likely to rise another 25% next month but will remain strong as long as employment conditions for middle- and upper-income households continue to improve.”
–Mark Vitner, Senior Economist with Wells Fargo Securities, Charlotte, N.C.
Insurance Quotes and Coverages: A Conversation with CWCapital’s George O’Neil III and Harbor Group’s Emily Rasmussen
MBA CREF Associate Director Kelly Hamill interviewed Emily Rasmussen, Managing Director of Business Strategy with Harbor Group Consulting, and George O’Neil III, Managing Director with CW Financial Services LLC, about the insurance market during the coronavirus pandemic.