Eastern Union, New York, secured a $19.6 million construction loan to support the conversion of a former health care complex into a multifamily property in Bridgeport, Conn.
Category: News and Trends
Industry Briefs Oct. 6, 2023
Industry briefs from Floify, TitleEQ and LenderLogix.
MBA Premier Profile: Sagent
(One in a continuing series of profiles of Premier Members of the Mortgage Bankers Association)
CoreLogic: Mortgage Delinquencies Remain Near Record Low in July
CoreLogic, Irvine, Calif., released its Loan Performance Insights through July, revealing strong performance–overall delinquencies were 2.7%, still near a record low.
Pending Home Sales Tumble
Pending home sales slid 7.1% in August, the National Association of Realtors reported Thursday.
Sponsored Content From CreditXpert: How to Keep Credit Scores from Robbing You of New Mortgage Lending Business
A borrower’s credit report provides a valuable snapshot of their financial health. Mortgage lenders have been using it for years to underwrite their deals, credit is, the most dynamic of the 3 Cs of lending, and it has proven a reliable source of data to predict loan performance. But it can be more than that if the lender learns not to take the borrower’s credit at face value.
Q&A: A Deep Dive into Artificial Intelligence with AWS’ Felipe Millon
MBA NewsLink interviewed Amazon Web Services Senior Manager of Federal Financials Felipe Millon during the recent MISMO/MBA #MortgageAIForum, where he was a featured speaker. Millon discussed the technology adoption curve, new Artificial Intelligence models and how Retrieval Augmented Generation can benefit financial services firms.
Home Affordability Continues to Challenge Americans, ATTOM Says
The ATTOM, Irvine, Calif., third-quarter 2023 U.S. Home Affordability Report revealed median-priced single-family homes and condos are less affordable compared with historical averages in 99% of counties where the firm had enough data to analyze.
MBA Annual Opening Session: Songs of America with Tim McGraw, Jon Meacham
Through strife and triumph, music is as integral to the American experience as the elected leaders and formal politics that shape it. Pulitzer Prize-winning biographer Jon Meacham and Grammy Award-winning entertainer, author, and actor Tim McGraw team up to present a moving and insightful journey through history at MBA Annual.
CBRE Finds Office Conversions More Than Doubling
CBRE, Dallas, found nearly 100 office-conversion projects are slated to be completed in major U.S. cities this year. That’s more than double the average of 41 per year from 2016 to 2022.