In 2022, 2,242 different multifamily lenders provided a total of $480.1 billion in new mortgages for apartment buildings with five or more units, the Mortgage Bankers Association’s annual report of the multifamily lending market said.
Category: News and Trends
Surviving the Lending Journey: A Lender’s Tale By Veronica Nguyen, BeSmartee
Once upon a time, in a bustling city, there stood a thriving business — a mortgage lender named Harrison & Co. Its reputation preceded it, with a legacy of successful deals and satisfied customers. Harrison & Co. had mastered the art of financial transactions, navigating the intricate world of mortgages. But beneath the veneer of success, hidden inefficiencies lay dormant within the organization.
People in the News Aug. 1, 2023: Varun Krishna to Be Rocket CEO
Rocket Cos., Detroit, parent of businesses including Rocket Mortgage, Rocket Homes, Rocket Loans and Rocket Money, announced Varun Krishna will become CEO, effective Sept. 5
Zillow: Homeowners With Low Mortgage Rates Much Less Likely to Sell
Zillow, Seattle, reported in a new survey that homeowners who have mortgage rates below 5% are nearly twice as likely to want to stay in their current home as those with rates above that threshold.
MBA Chart of the Week July 31: Analyzing HMDA Data
A total of 4,290 companies reported lending activity under the Home Mortgage Disclosure Act (HMDA) in 2022, according to MBA’s analyses of the dataset.
MBA Publishes Expanding Affordable Rental Housing Opportunities: A Progress Update
The Mortgage Bankers Association published a progress report on MBA 2023 Chair Matt Rocco’s priority, Affordable Rental Housing Strategy: Expanding Affordable Rental Housing Opportunities.
MBA Advocacy Update July 31: Banking Agencies Issue Proposed MBA-Opposed Changes to Bank Capital Requirements
This week’s top legislative and policy news from the Mortgage Bankers Association.
Industry Briefs Aug. 1, 2023
Industry briefs from LenderLogix, Snapdocs, Down Payment Resource and Guaranteed Rate.
CoreLogic: Mortgage Delinquency Rate at Record Low in May
CoreLogic, Irvine, Calif., reported in May just 2.6% of all mortgages in the U.S. were in some stage of delinquency, matching the all-time low.
Tavant’s Mohammad Rashid and Equifax Workforce Solutions’ Chad Whittenberg Discuss Technological Advances
MBA NewsLink interviewed Mohammad Rashid, Senior Vice President and Head of Fintech Innovation with Tavant, and Chad Whittenberg, Vice President of Strategy, Product and Marketing with Equifax Workforce Solutions, about how technological advances have completely changed how mortgage lenders conduct business.