Zelman & Associates, a Walker & Dunlop Company, New York, released the results of its July homebuilding survey, finding that July’s seasonally-adjusted order pace fell to the lowest level since December 2022.
Category: News and Trends
Stavvy–Beyond eNotes: V3 SMART Docs
(Sponsored Content) SMART Docs® are not just for eNotes. They deliver savings and efficiency for any loan documents in tighter margin environments.
Incenter’s Alison Tulio and Craig Eagleson on Softening the Impact of Spiking Escrows
High valuations and interest rates are not the only factors that have negatively impacted the mortgage industry. Added to these major hurdles, spiking escrows due to rising property tax assessments and homeowners insurance costs are pushing some borrowers to the brink of default.
Quote: Aug. 15, 2024
“Multifamily lending fell by roughly half in 2023 as sales transactions declined and far fewer property owners sought to refinance their loans.”
–Jamie Woodwell, MBA’s Head of Commercial Real Estate Research
MBA: Multifamily Lending Declined 49% to $246 Billion in 2023
In 2023, 2,520 different multifamily lenders provided a total of $246.2 billion in new mortgages for apartment buildings with five or more units, according to the Mortgage Bankers Association’s annual report of the multifamily lending market.
Optimal Blue: Rate Lock Volume Up 3.5% in July
Optimal Blue, Plano, Texas, released its Optimal Blue Market Advantage report for July, finding that the overall rate lock volume was up 3.5% month-over-month.
Nearly 90% of Metros Saw Home Price Gains in Second Quarter
Single-family existing-home sales prices rose in 89% of metro areas – 199 of 223 studied – in the second quarter, down from 93% in the previous quarter, the National Association of Realtors reported Wednesday.
MBA Newslink Premier Member Profile: HCLTech
(One in a continuing series of profiles of Premier Members of the Mortgage Bankers Association.)
MAA Quarterly Webinar: 2024 Elections Preview on Sept. 17
The Mortgage Action Alliance’s (MAA) “Advocacy in August” campaign helps you stay engaged this election season and connect with your elected officials while they are back in their states and districts during the Congressional Recess.
RealPage: Survey of Multifamily Trends Shows Renters’ Priorities
RealPage, Richardson, Texas, released findings from its national survey of apartment residents, finding they prioritize technology, easy moves, rewards and flexibility.