Berkadia, New York, sold 88-unit multifamily property Bella Vista in Tacoma, Wash., for $18.5 million.
Category: News and Trends
S&P Global Ratings: Life Insurers’ CRE Exposure ‘Manageable’
The credit quality U.S. life insurers commercial real estate exposure remains high, driven by the conservative, diversified nature of its investment in the space, according to S&P Global Ratings, New York.
Demand for Alternative Products is Growing as Are the Risks (Sponsored Content from First American Data & Analytics)
Alternative loan categories gained momentum in the first half of 2024. Learn why lenders need to be mindful of risk.
Earn Your Accredited Mortgage Professional (AMP) Designation
When you graduate from MBA Education’s School of Mortgage Banking, you become an Accredited Mortgage Professional–AMP.
ServiceLink’s Susan Falsetti on Manufactured Housing Nuances: What Lenders Need to Know About Title
With interest rates staying higher for longer coupled with steadily tight, albeit slightly rising inventory this spring, borrowers continue to explore all options when it comes to purchasing a home they can afford. Enter manufactured housing.
CFPB Releases RFI on Mortgage Closing Costs; MBA Shares Concerns Regarding Credit Reporting Price Increases
The American Bankers Association, Housing Policy Council and Mortgage Bankers Association issued a statement in response to the Consumer Financial Protection Bureau’s Request for Information on mortgage closing costs.
Quote: June 3, 2024
“We have been vocal since last year about the sharply rising costs of credit reports and other credit reporting products and are pleased the [Consumer Financial Protection Bureau’s] RFI provides an opportunity to share our concerns about the lack of transparency into what’s driving these pricing changes.”
–MBA statement in response to the CFPB’s request for information on mortgage closing costs. See this week’s MBA Advocacy Update for more information.
Quote: May 31, 2024
“MBA welcomes the opportunity to respond to the CFPB’s RFI and will provide an in-depth overview on mortgage closing costs, highlighting their tangible benefits to borrowers and how they protect taxpayers. We have been vocal since last year about the sharply rising costs of credit reports and other credit reporting products and are pleased the RFI provides an opportunity to share our concerns about the lack of transparency into what’s driving these pricing changes.”
–MBA statement in response to the Consumer Financial Protection Bureau’s request for information on mortgage closing costs
Redfin Reports Price Drops Hit Highest Level in 18 Months as High Rates Dampen Buyer Demand
Nationwide, 6.4% of home sellers cut their asking price during the four weeks ending May 26, the highest share since November 2022, according to Redfin, Seattle.
Pending Home Sales Slump
Pending home sales fell 7.7% in April, the National Association of Realtors reported yesterday.