“Q1 2024’s foreclosure data reveals a market in transition, with slight increases in filings and starts, alongside a notable decrease in REO properties.”
–ATTOM CEO Rob Barber said
Category: News and Trends
RealPage Q1 Apartment Results: Supply Side Dominates Story
RealPage, Richardson Texas, reported that a major influx of apartment supply is continuing to temper rent and occupancy figures in the quarter.
Industry Briefs, April 12, 2024
Industry news from MIAC Analytics, Power Forward Communities, Vesta, Optimal Blue and Merchants Bank.
First American’s Odeta Kushi: Sales Activity Driven by the ‘Five Ds’ Amid Persistent Market Headwinds
The month-over-month progress is welcome news for a housing market that has struggled to gain momentum. What could be driving the uptick in sales activity?
Dealmaker: Cushman & Wakefield Arranges $53.5M in Construction Financing for N.J. Site
Cushman & Wakefield, Chicago, announced it served as the exclusive adviser to Lincoln Equities Group in the procurement of $53.5 million in construction financing for an industrial site located in Belleville, N.J.
Quote: April 11, 2024
“MBA welcomes the release of the VASP program as a new home retention option that will allow mortgage servicers to help more distressed Veteran borrowers stay in their homes via a more affordable and sustainable mortgage payment. This is especially important in the current high interest rate environment.”
–MBA President and CEO Bob Broeksmit, CMB
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage applications increased 0.1% from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending April 5, 2024.
Certified Mortgage Banker (CMB) Prep Course Starts May 3
The Residential CMB Online Prep Course is a seven-week instructor-guided web-based course designed to prepare Residential CMB candidates for the written exam. The course is taught by CMB designees and is offered in a blend of self-study and webinar format.
Altus Group Survey: Increase in Prioritizing ‘Deploying Capital’ in Near Term
Altus Group, Toronto, released its Commercial Real Estate Industry Conditions and Sentiment Survey for Q1, finding U.S. respondents who expect their primary focus to be deploying capital in the next 6 months grew from 7% at the end of 2023 to 25% in the most recent quarter.
CMBS Special Servicing Rate Jumps: Trepp
Trepp, New York, reported the commercial mortgage-backed securities special servicing rate jumped 17 basis points in March to 7.31%.