Greystone, New York, closed an $86.2 million 10-year refinancing of Aspire Apartments in Tracy, Calif.
Category: News and Trends
MISMO to Charge 75-Cent Fee on MERS-Registered Loans to Fund Initiatives
The Mortgage Bankers Association, MISMO and Mortgage Electronic Registration Systems (MERS) Board of Directors approved an $0.75 administrative fee for every new loan registered on the MERS system to help fund MISMO initiatives.
Andrew Foster: Travel Nosedive Knocks Hospitality Industry
COVID-19 has impacted the entire United States and commercial real estate is no exception; however, no property type is quicker to experience the impacts of a downturn than lodging, where rental rates reset daily.
MBA Appoints Michael Briggs Senior Vice President and General Counsel
The Mortgage Bankers Association appointed Michael W. Briggs as Senior Vice President and General Counsel. He will serve as the association’s chief legal officer and is responsible for managing the legal affairs of the association and its subsidiaries and affiliates.
Brent Chandler: Timely Employment Verification Pivotal to Mortgage, Other Consumer Lending Risk Management
Mortgage bankers and consumer lenders of every stripe have their plates full right now, so some may have missed a significant development or not had the bandwidth to consider its implications. One of America’s primary investors in loans to consumers has lost confidence in automated systems used for verifying loan applicants’ current employment status, accelerating an already-in-motion shift in how borrowers’ ability to repay needs to be assessed.
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Andrew Foster: Travel Nosedive Knocks Hospitality Industry
COVID-19 has impacted the entire United States and commercial real estate is no exception; however, no property type is quicker to experience the impacts of a downturn than lodging, where rental rates reset daily.
MISMO to Charge 75-Cent Fee on MERS-Registered Loans to Fund Initiatives
The Mortgage Bankers Association, MISMO and Mortgage Electronic Registration Systems (MERS) Board of Directors approved an $0.75 administrative fee for every new loan registered on the MERS system to help fund MISMO initiatives.
MBA Appoints Michael Briggs Senior Vice President and General Counsel
The Mortgage Bankers Association appointed Michael W. Briggs as Senior Vice President and General Counsel. He will serve as the association’s chief legal officer and is responsible for managing the legal affairs of the association and its subsidiaries and affiliates.
Dealmaker: Phillips Realty Capital Secures $29M for Virginia Office Asset
Phillips Realty Capital, Bethesda, Md., arranged $29 million in financing for Reston Metro Center One, a 124,000-square-foot office building in northern Virginia.