Trepp LLC, New York, said life insurance company mortgage returns dropped steeply during the first quarter as declining interest rates could not offset growing credit concerns.
Category: News and Trends
April New Home Purchase Mortgage Applications Down 25% from March; 12 Percent from Year Ago
Mortgage Bankers Association Builder Applications Survey data for April show mortgage applications for new home purchases decreased by 12 percent compared from a year ago and by 25 percent from March.
Dealmaker: Grandbridge Real Estate Capital Closes $35M Multifamily Refi
Grandbridge Real Estate Capital, Charlotte, N.C., closed a $35.4 million refinance loan secured by The Arrow Apartments, a multifamily and student housing community in Minneapolis, Minn.
Pre-COVID-19, Opportunity Zones See Strong Home Price Growth
ATTOM Data Solutions, Irvine, Calif., said more than two-thirds of homes in government-designated “Opportunity Zones” saw positive price growth in the first quarter—that is, before the economic effects of the coronavirus took effect.
Paul Fischer of Paradatec on What Mortgage Servicers Can Expect in Months Ahead
Paul Fischer is Director of Professional Services with Paradatec, Cincinnati.
People in the News
Planet Home Lending LLC, Meriden, Conn., promoted Kathy Keller to SVP of Strategic Initiatives and hired Mike Eckrote as SVP of Quality Control and Christopher Joles as SVP and Enterprise Risk Officer.
Purchase Applications Drive Increase in MBA Weekly Survey
Mortgage applications edged up for the second straight week, driven by strong purchase application activity, the Mortgage Bankers Association reported in its Weekly Mortgage Applications Survey for the week ending May 8.
Mark Dangelo: Innovation Thinking—Winning in an Uncertain Future
The financial services and mortgage industries have not felt the full impact and unintended consequences of COVID-19 and the governmental interventions. The result will be that innovation disruption moving forward will be not be kind, will not be benevolent, and will not be industry friendly.
MBA Reports Rise in 1st Quarter Mortgage Delinquencies
Mortgage delinquencies rose in the first quarter as the economic effects of the coronavirus pandemic began to take hold, the Mortgage Bankers Association reported this morning.
MBA Education Path to Diversity Scholar Profile: Jina Choi
Jina Choi is Vice President of Enterprise Innovation with loandepot.com