CBRE Hotels is forecasting hotel revenue per available room will continue to grow steadily this year, driven by improving group business, inbound international travel and traditional transient business demand.
Category: News and Trends
Dealmaker: Berkadia Secures $45M in Refinancing for California Multifamily
Berkadia, New York, refinanced The Fountains of Fair Oaks, a 270-unit, garden-style multifamily property in Fair Oaks, Calif.
New Listings Soar as Spring Ramp-Up Approaches: RE/MAX
The number of newly listed homes in January was more than 66% higher than in December and 21.5% higher than January 2023, according to RE/MAX, Denver.
MBA Chairman Mark Jones Testifies on VA Home Lending Before Committee on Veterans’ Affairs Subcommittee
Mark Jones, MBA’s 2024 Chairman and President of Union Home Mortgage, testified at a hearing titled, “Sink or Swim? A Deep Dive into the Current State of VA’s Home Loan Program in a Competitive Market,” before the Committee on Veterans’ Affairs Subcommittee on Economic Opportunity.
Quote: Feb. 20, 2024
“The downpayment assistance from the fund will enable more families to enjoy the benefits of homeownership and the generational wealth-building opportunities that come with it. MBA is proud to support CONVERGENCE Columbus’ vital work.”
–MBA President and CEO Bob Broeksmit, CMB, discussing the Maude Hill Growing Homeownership Fund in Columbus, Ohio
Chart of the Week: MBA’s CREF Bingo Card
Many of us just returned from MBA’s Commercial Real Estate/Multifamily Finance Convention and Expo. That means we showcased our annual CREF BINGO card, highlighting the topics expected to be discussed in sessions, meetings, hallways and over drinks.
ICE Mortgage Technology’s Sandra Madigan: When Technology Supports Empathy, Everyone Wins
Exceptional customer experiences transform lives. That’s especially true in mortgage servicing, where the experience we’re supporting is home ownership – and all the well-being, wealth-building and financial commitment that entails.
CONVERGENCE Columbus Launches Maude Hill Growing Homeownership Fund
CONVERGENCE Columbus and Homeport recently announced the launch of the Maude Hill Growing Homeownership Fund, a $1 million investment that will provide financial assistance to help close Columbus, Ohio’s homeownership gaps.
Advocacy Update: MBA Chairman Mark Jones Hill Hearing on VA Lending; SALT ‘Marriage Penalty’ Bill Stalls; State Review on NMLS Usage Fees
This week’s top legislative and policy news from the Mortgage Bankers Association.
Industry Briefs, Feb. 22, 2024
Industry news from LoanCare, Dovenmuehle, Insellerate, OptifiNow and Snapdocs.