Love Funding, Washington, D.C., closed $31.1 million for multifamily and nursing properties in Tennessee and Missouri.
Category: News and Trends
Record-Low Interest Rates Spur Mortgage Applications in MBA Weekly Survey
Mortgage applications increased for the second straight week–and purchase applications increased for the ninth consecutive week–as key interest rates fell to record lows, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending June 12.
NAMMBA Town Hall: The COLOR of COVID June 19
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.
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.
MISMO Seeks to Standardize Data Used to Guide Borrower Outreach
MISMO®, the mortgage industry standards organization, said it will evaluate the need for standards to facilitate early identification of loans that may become delinquent or be in distress.
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
“The housing market continues to experience the release of unrealized pent-up demand from earlier this spring, as well as a gradual improvement in consumer confidence.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
Veros: Michigan Dam Disaster Cost More than $3.6 Billion
The May 20 dam breaks caused unprecedented damage and flooding in four Michigan counties. Throw in the coronavirus pandemic and you have a disaster unique in scope—and we’re only halfway through 2020.
NAMMBA Town Hall: The COLOR of COVID June 19
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.