Demand for data center space overshadowed economic uncertainty and concerns around power availability in the first half of 2023, according to CBRE. Construction of North American data centers reached a record high in part due to the continued growth of artificial intelligence.
Category: News and Trends
LoanLogics’ Jenevieve Impavido: Overcoming a New Catch-22—Fannie Mae’s QC Requirements
Many lenders will need to rethink their loan QC strategies if they hope to pass muster with Fannie Mae, Freddie Mac—or for that matter any other investor in the secondary market.
MBA Annual General Session: Housing Market and Policy Trends with Prof. Susan Wachter
On Oct. 17 at MBA Annual, University of Pennsylvania Professor Susan Wachter, an expert in housing finance and real estate and urban economics, will discuss the latest data and trends in homeownership, housing supply, affordability and other market trends impacting your business.
Sept. 13: Budgeting and Financial Planning for Non-Believers
Let’s face it, budgeting and financial planning may not be glamorous, and many mortgage bankers will say, “Tell me what rates will be, and I’ll tell you how much money we’ll make.” But this isn’t a viable approach to a dynamic and difficult industry, and the top-performing mortgage bankers would never take this same approach.
MBA White Paper Measures the Impact of Loan Sizes on Profitability Through Mortgage Cycles
The conventional wisdom is that originating and servicing higher balance loans means higher profits. However, according to a new white paper by the Mortgage Bankers Association titled, How do Mortgage Revenues, Costs and Profitability Vary by Loan Balance? An Analysis Using Benchmarking Data, the relationship between loan balance and profitability is more nuanced and may change over the course of market cycles.
Fannie Mae: Consumers Still Frustrated by Lack of Housing Affordability
Fannie Mae’s Home Purchase Sentiment Index for August remained fairly flat month-to-month, with consumers continuing to be pessimistic about housing.
Black Knight: Nearly a Quarter of Homebuyers Face $3,000 Payments or More
Monthly mortgage payments between $2,000 and $3,000 have rapidly become the norm in today’s housing market in the face of spiking interest rates and historically high home prices, reported Black Knight, Jacksonville, Fla.
Dealmaker: Stonehill Provides $52M Construction Loan for Phoenix-Area Multifamily
Stonehill’s commercial real estate group, Stonehill CRE, Atlanta, announced a $52 million senior loan facility to Starpoint Properties for a multifamily site in Mesa, Ariz., near Phoenix.
Industry Briefs Sept. 8, 2023
Industry briefs from CV3 Financial Services, FundingShield, Advocus National Title Insurance Co. and MortgageFlex.
Sept. 10-12: MBA Compliance and Risk Management Conference in DC
Compliance officers and inside and outside counsel will find the content they know and trust at the Mortgage Bankers Association’s Compliance and Risk Management Conference.