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Category: News and Trends
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. 7, 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.
MBA Premier Member Profile: Accenture Credit Services
(One in a continuing series of profiles of Premier Members of the Mortgage Bankers Association)
MISMO Issues Call for Participants to Join New Workgroup Focused on Data Mapping for VA Documents
MISMO, the real estate finance industry’s standards organization, is calling for industry professionals to join a new development workgroup focused on creating document dataset specifications to align with the U.S. Department of Veterans Affairs’ Loan Guaranty Program forms.
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.
Fitch: Macroeconomic Pressures Continue for Title Insurers
Broad macroeconomic headwinds continue to pressure title insurers’ revenue as mortgage rates and housing affordability depress origination volumes, reported Fitch Ratings, New York.
Entrust’s Chris Tammen: Zero Trust is a Foundation for Securing a Modern Remote Workforce
While the pandemic pushed many in the mortgage industry to accelerate their digital transformation efforts and work-from-home arrangements, remote work has had considerable effects on the cost of a breach, especially for institutions employing a traditional perimeter-based approach to network security.
Quote: Sept. 7, 2023
“The average principal and interest payment among borrowers purchasing a home using a 30-year fixed-rate loan hit its highest point ever in July at $2,306, and that’s before taxes and insurance are factored in.”
–Black Knight Vice President of Enterprise Research Andy Walden