Industry personnel news from SingleSource, Embrace Home Loans, Title Clearing & Escrow, Fay Group, Service 1st and CMG Home Loans.
Category: News and Trends
Home Price Growth Slows as Mortgage Rates Dip, Redfin Finds
The median U.S. home-sale price rose just 3.5% year over year during the four weeks ending February 23–the smallest increase since September–according to a new report from Redfin, Seattle.
Disaster Recovery: A Resource for Homeowners from MBA
MBA’s Disaster Recovery: A Resource for Homeowners is a resource paper for homeowners that outlines what to do before and after the disaster, along with how to start and work through the recovery process.
Quote of the Day
“We saw unprecedented demand last year in the North American data center market fueled in part by AI and digital services.”
–Pat Lynch, Executive Managing Director and Global Head of CBRE Data Center Solutions
CoreLogic: U.S. Overall Delinquency Rate at 3.1% in December
CoreLogic, Irvine, Calif., reported that the U.S. overall delinquency rate was flat year-over-year, but dropped slightly from November.
Dealmaker: JLL Secures $43M Multifamily Refinance in Suburban Minneapolis
JLL Capital Markets, Chicago, secured a $42.9 million bridge loan refinancing to takeout the construction loan for Risor SLP, a 170-unit, 55-plus apartment community in St. Louis Park, Minn.
Chart of the Week: Top 8 FHA Homebuilder Originators
The headwinds facing mortgage transactions continued unabated in 2024 as home prices reached new record highs while the 30-year mortgage rate rose back over 7%. One sector that effectively dealt with these impediments was the homebuilders.
Berkadia Poll: Expectations of Increased Multifamily Activity in 2025
Berkadia, Ambler, Pa., released its latest Multifamily Powerhouse Poll Outlook, finding that respondents expect increased multifamily transaction activity this year, driven by improving economic outlook.
Advocacy Update: REGISTER: Town Hall with MBA Leadership–The New Administration’s First 100 Days
This week’s top legislative and policy news from the Mortgage Bankers Association.
Quote of the Day
“National-level delinquency rates for December show a mortgage market with strong performance, with 97% of borrowers making on-time payments.”
— Molly Boesel, Principal Economist for CoreLogic