Since 2020, greater apartment rent increases occurred in markets with higher homeownership costs as lower affordability drove up demand for rental units, reported KBRA, New York.
Category: News and Trends
Dealmaker: Hall Structured Finance Originates $17M Construction Loan for Arizona Hotel
Hall Structured Finance, Dallas, originated $17.4 million for the development of a Candlewood Suites by IHG hotel in Mesa, Ariz.
MISMO Launches Enhanced Closing Instruction Templates, XML Mapping Specification
MISMO, the real estate finance industry’s standards organization, published a new set of enhanced work products designed to create a standardized exchange for closing instructions information.
MBA Annual: American Leadership Session Oct. 16
Hear from top leaders of distinctly American institutions, foundational to our economy and housing ecosystem during this session, Monday, Oct. 16 from 10:30 AM-11:45 AM.
Thursday, Sept. 7: Recent LO Comp Enforcement and Supervisory Activity
The CFPB recently published its Summer 2023 Supervisory Highlights and there are potential significant changes to how the LO Comp rule is interpreted. Join MBA and industry experts as we walk through the current understanding of the LO Comp guidance and what it means for your policies and procedures.
Cenlar’s Josh Reicher: Intelligent Automation Is Transforming Mortgage Servicing
The emergence of intelligent automation, which is the use of automation technologies–artificial intelligence, business process management and robotic process automation–is transforming how mortgage servicers do business.
Quote: Aug. 30, 2023
“Mortgage applications for home purchases and refinances increased for the first time in five weeks but remained at low levels.”
–Joel Kan, MBA’s Vice President and Deputy Chief Economist
Zillow: First-Time Home Buying Jumps to 50%
Zillow, Seattle, found in its 2023 Consumer Housing Trends Report that first-time buyers now make up 50% of all buyers, up from 45% in 2022 and 37% in 2021.
Artificial Intelligence – Promise and Peril for Mortgage Lending: Sept. 21-22 in Washington, D.C.
Artificial Intelligence (AI) will fundamentally change the way we do business. But what exactly is AI, and what are these new tools like ChatGPT? What opportunities does AI present for lending? What are the risks to lenders, investors and consumers and how can the risks be properly identified and managed?
Annual Single-Family Rent Growth Slows Again in June, CoreLogic Reports
CoreLogic, Irvine, Calif., said annual single-family home rent growth eased for the fourteenth consecutive month in June.