Quote of the Day

“As market conditions evolve and affordability challenges persist, non-QM lending offers a path for qualifying creditworthy borrowers who may not meet qualified mortgage guidelines.”
–Optimal Blue’s Mike Vough

Dealmaker: KeyBank Provides $47M for California Affordable Housing

KeyBank Community Development Lending and Investment, Cleveland, provided a $32 million tax-exempt construction loan and a $15 million taxable construction loan to finance El Camino Commons, an affordable multifamily property in Oceanside, Calif.

MISMO Updates Fee Naming Guide

MISMO, the real estate finance industry’s standards organization, announced that it has added more than 40 new standardized fee names and definitions to its Fee Naming Guide.