MBA NewsLink interviewed Cecilia Collins, Business Control Director at Cenlar, about her experience with the MBA Path to Diversity Scholarship Program.
Category: News and Trends
Dealmaker: Hall Structured Finance Provides $20M for South Carolina Hotel
Hall Structured Finance, Dallas, provided a $20 million first lien construction loan for an Element by Westin hotel in North Charleston, S.C., one mile north of the Charleston Convention Center.
Industry Briefs July 19, 2023
Industry briefs from Nationwide Property & Appraisal Services, Truv, Insellerate and CoreLogic.
MBA Weekly Survey July 19, 2023: Mortgage Applications Increase
Mortgage applications increased 1.1 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending July 14, 2023.
Deadline Aug. 16: Call for Speakers – MBA’s Accounting and Financial Management Conference 2023
MBA is preparing for the 2023 Accounting & Financial Management Conference, November 15-17, at the Hyatt Regency New Orleans, and is now accepting speaker proposals from members.
Quote: July 19, 2023
“Mortgage rates declined last week, as markets responded positively to incoming data showing that U.S. inflation continues to cool. Most rates in our survey declined, with the 30-year fixed rate falling to 6.87
percent.”
–Joel Kan, MBA Vice President and Deputy Chief Economist.
MBA: Share of Mortgage Loans in Forbearance Decreases to 0.44% in June
The Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed the total number of loans now in forbearance decreased by 5 basis points to 0.44% of servicers’ portfolio volume as of June 30, 2023.
MBA: Commercial, Multifamily Mortgage Delinquency Rates Increase Slightly
Delinquency rates for mortgages backed by commercial and multifamily properties increased slightly during the second quarter, the Mortgage Bankers Association’s latest commercial real estate finance Loan Performance Survey reported.
CBRE: Rapid Global Data Center Growth Despite Power Supply Challenges
CBRE, Dallas, reported that power supply has struggled to keep pace with data center industry growth internationally.
Fannie Mae, Redfin Find Home Prices Are Up
Fannie Mae in its Home Price Index found single-family home prices were up 3% in the second quarter from the same period in 2022.