Forget the coronavirus—if you want to raise the blood pressure of a mortgage lender or servicer, just say these two words: “PACE loan.”
Category: News and Trends
Investors Prefer Debt Investment During COVID-19 Era
Real estate debt investment has become more attractive relative to equity investment during the COVID-19 pandemic, institutional investors say.
April Pending Home Sales Plunge Nearly 22%
Pending home sales fell sharply in April, marking two straight months of steep declines amid the coronavirus pandemic, the National Association of Realtors reported yesterday. Every major region experienced a drop in month-over-month contract activity and a decline in year-over-year pending home sales transactions.
2Q GDP Revised Down to -5%
Real gross domestic product decreased at an annual rate of 5 percent in the first quarter, according to the second (revised) estimate by the Bureau of Economic Analysis, down from 4.8 percent in last month’s advance (first) estimate. It also reported corporate profits fell sharply in the first quarter as the impact of the coronavirus pandemic took hold.
New Initial Claims at 2.1 Million; Total Claims Top 40 Million
American workers filed an additional 2.1 million initial claims last week, bringing the 10-week total for claims to nearly 41 million, the Labor Department reported yesterday.
Dealmaker: Canyon Partners, American Capital Group to Build Seattle-Area Multifamily
Canyon Partners Real Estate LLC and American Capital Group announced a joint venture to develop Kinect @ Lynnwood, a 239-unit apartment community in suburban Seattle.
To the Point with Bob: FHFA’s Capital Rule and How it Fits into Housing Finance Reform
Mortgage Bankers Association President and CEO Robert Broeksmit, CMB, in his newest blog, discusses latest developments involving the Federal Housing Finance Agency and its re-proposed capital framework for Fannie Mae and Freddie Mac.
Robert Tyler-Cook: Five Questions Help You Assess ‘Fit’ Issues that Influence Growth
The most successful partnerships in mortgage banking come about because there’s a solid match between what the originator on the street needs and what the corporate parent (or its branch) has to offer.
Michael Farris of Origence on Adapting to Disruption
Michael Farris is Vice President of Strategic Solutions with Origence, Irvine, Calif., developer of the Origence origination platform, an end-to-end platform that powers mortgage, consumer and home equity lending for financial institutions.
MBA Education Path to Diversity Scholar Profile: Nicole Upshur
(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.)