The Mortgage Bankers Association’s Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG) nominating committee is soliciting MBA members’ recommendations for individuals to serve on the Board beginning in October.
Category: News and Trends
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“It is my pleasure to welcome Matt to MBA’s leadership ladder. His energy, leadership and practical business experience will be crucial as the residential and commercial/multifamily real estate finance businesses evolve, especially in the aftermath of the coronavirus pandemic.”
–MBA 2020 Chairman Brian Stoffers, CMB.
MBA Nominates Matt Rocco of Grandbridge Real Estate Capital to be 2021 MBA Vice Chairman
The Mortgage Bankers Association nominated Matthew G. Rocco Sr., Chairman of the Board and CEO of Grandbridge Real Estate Capital, Charlotte, N.C., to serve as MBA Vice Chairman for the 2021 membership year. He is expected to be installed at the association’s 107th Annual Convention this October.
MBA Transitions All Fall Conferences Online
The Mortgage Bankers Association announced June 24 that all of its fall conferences—including the MBA Annual Convention & Expo—will take place online out of an abundance of caution stemming from the coronavirus pandemic.
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“As the industry’s largest trade association, one of the most important services that we provide is the ability to bring our industry together. As our nation continues to experience the impact of COVID-19, MBA has had to evaluate the feasibility of hosting large, in-person events. The health and safety of our members, staff and hotel partners remains our top priority.
–MBA Chief Operating Officer Marcia M. Davies.
MBA Transitions All Fall Conferences Online
The Mortgage Bankers Association announced June 24 that all of its fall conferences—including the MBA Annual Convention & Expo—will take place online out of an abundance of caution stemming from the coronavirus pandemic.
Fitch Ratings: CRE Defaults Likely To Rise After Forbearance Periods
Fitch Ratings, New York, said it anticipates commercial real estate loan defaults will rise at the end of forbearance periods.
RE/MAX: Home Sales Fell in May Amid Pandemic
Despite a rosier report this week from HUD and the Census Bureau, which reported a 16.6 percent increase in May new home sales, the overall home market suffered a bit, according to RE/MAX, Denver, which reported “muted” home sales activity in May.
21 Years to Save for a Down Payment, Survey Finds
U.S. Mortgage Insurers, an association representing private mortgage insurance companies, said its annual state-by-state report on low down payment mortgage lending found saving for a 20 percent down payment could take potential homebuyers 21 years — three times the length of time it could take to save a 5 percent down payment.
Qualia Survey Reports ‘Positive Outlook’ for Real Estate with Shift Toward Digital
Qualia, San Francisco, said a new survey reports a shift in perception on the permanence of remote work and a nearly 40% surge in remote online notarization usage from April to May.