As COVID-19 continues to affect the mortgage industry, lenders are realizing that conducting business as usual may not be possible or plausible. For a lender’s growth to reach new and different heights in 2020, new and different business practices, such as working with a hedge advisory firm, are required.
Category: News and Trends
All Eyes On Washington: What Will the Next Stimulus Bill Do for CRE?
Mortgage Bankers Association President & CEO Bob Broeksmit, CMB, joined Walker & Dunlop Chairman and CEO Willy Walker on July 29 to discuss the stimulus bill being crafted in Washington, D.C. and its impact on the multifamily, mortgage and commercial real estate industries.
Americans Now Lean Toward Stocks, Not Housing, As Favorite Long-Term Investment
Real estate, long the favorite way to invest and for many a path to wealth, fell to second place this year as more Americans take a gamble on the stock market, according to a new report from Bankrate.com, New York.
Dealmaker: George Smith Partners Secures $69M in Bridge Financing
George Smith Partners, Los Angeles, secured $68.5 million in bridge financing for mixed-use properties in Colorado and California.
MBA Advocacy Update
Last Monday, Senate Republicans released the HEALS Act – an additional COVID-19 relief package that includes direct stimulus payments and updates to the SBA’s Payment Protection Program. On Wednesday, the Federal Housing Finance Agency announced temporary adjustments to the Duty to Serve program for 2020 and 2021. Also last week, the Senate confirmed Dana Wade to be the next FHA Commissioner by a 57-40 vote.
MBA Chart of the Week: Contribution to GDP Growth
This week’s MBA Chart of the Week drills down on the U.S. Bureau of Economic Analysis’ advance estimate of real gross domestic product for the second quarter, which was released July 30.
MBA Premier Member Profile: Asurity
The Asurity ecosystem combines a suite of tech-enabled mortgage solutions
The Week Ahead
Good morning! And congratulations—you’ve made it through another month of 2020! Only five more months to go! Just don’t open any unsolicited seed packets…
People in the News Aug. 3, 2020
Freddie Mac, McLean, Va., named Ling Xu vice president of Multifamily Investments & Portfolio Management, adding market risk and capital strategy to her current responsibilities, which include management of the company’s multifamily portfolio strategy, hedging and balance sheet management.
Sponsored Content: Credit Union Enriches its Member Experience with BeSmartee POS Innovation
Orange County’s Credit Union sees mortgage applications soar after implementing BeSmartee’s custom SmartForm solution.