Newmark Knight Frank, New York, closed $61.5 million in industrial and retail property sales.
Category: News and Trends
Senate Confirms Dana Wade as FHA Commissioner
he Senate yesterday confirmed Dana Wade as FHA Commissioner by a 57-40 vote. The Mortgage Bankers Association strongly supported Wade’s nomination.
Mortgage Applications Decrease in MBA Weekly Survey
Mortgage applications fell for the first time in four weeks, albeit slightly, as the 30-year fixed rate held at a record low, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending July 24.
July Consumer Confidence Dips Amid Coronavirus Resurgence
The Conference Board, New York, said its Consumer Confidence Index fell for the third time in four months in July, amid growing concerns over the resurgence of COVID-19 nationwide.
Housing Prices Hold Steady
The Standard & Poor’s CoreLogic Case-Shiller Home Price Indexes reported modest home price increases in May, showing a stable trend amid recent market volatility.
Fannie Mae: Helpful eMortgage Resources
With the recent shift many people have experienced to remote work, digital closing options are top of mind for lenders. Fannie Mae has a variety of eMortgage resources to help you.
Kelly Hebert: Avoid the Chaos, Communicate Clearly
Communication is the backbone of our business and personal lives. And if we can understand the power of positive communication a little better, and work to harness the power that communication can provide, we can all be a little more productive, more informed and more successful in achieving our goals.
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“During her tenure at HUD, Ms. Wade has been an integral part in strengthening the various programs that provide affordable housing opportunities and assistance to homebuyers and renters. With her expertise and experience, I am confident that Ms. Wade will be successful in developing workable solutions during this unprecedented time.”
–MBA President and CEO Robert Broeksmit, CMB, on Senate approval yesterday of Dana Wade to serve as FHA Commissioner.
MBA’s Bob Broeksmit Appears Today on ‘Walker Webcast’
On today’s Walker Webcast, Walker & Dunlop Chairman and CEO Willy Walker will be joined by Mortgage Bankers Association President & CEO Bob Broeksmit, CMB; Doug Bibby of the National Multi-Housing Council; and Jeff DeBoer of the Real Estate Roundtable to discuss the next $1 trillion+ stimulus bill being crafted on Capitol Hill and its impact on the multifamily, mortgage and commercial real estate industries.
MBA: Share of Loans in Forbearance Falls for 6th Straight Week
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans in forbearance decreased by 6 basis points to 7.74% of servicers’ volume as of July 19, from 7.80% the prior week. MBA now estimates 3.9 million homeowners are in forbearance plans.