Bandon Capital Advisors, Los Angeles, arranged $11.5 million to refinance an industrial site in Costa Mesa, Calif., and secured $5 million for two industrial assets in Burbank and Pico Rivera, Calif.
Category: News and Trends
Quote: July 11, 2023
“Mortgage credit availability was essentially unchanged in June, remaining close to the lowest level since early 2013, as the industry continues to operate at reduced capacity.” –Joel Kan, MBA Vice President and Deputy Chief Economist.
Fannie Mae: Consumer Confidence in Housing Flat in June
Fannie Mae released its Home Purchase Sentiment Index for June, notching an only 0.4 point increase to 66 as supply and economic constraints continue to weigh heavily on American homebuying.
Mortgage Capital Trading: Lock Volume Increases 31% Month-over-Month
Mortgage Capital Trading, San Diego, reported a 31% increase in lock volume in June after a dip in May.
MBA Premier Member Profile: Lenders One
One in a continuing series of profiles of Premier Members of the Mortgage Bankers Association.
First American’s Mark Fleming: Why Higher Mortgage Rates Don’t Always Lead to Declining House Prices
House prices have remained resilient, even in the face of fast-rising mortgage rates. That’s because the relationship between rising mortgage rates and home prices may not be as straightforward as many believe.
MBA Education Path to Diversity Scholar Profile: Nicole Savage
MBA NewsLink interviewed Nicole Savage, Business Control Director at Cenlar, about her experience with the MBA Path to Diversity Scholarship Program.
Low-Cost Rentals Have Decreased in Every State, Harvard Finds
The supply of low-cost rental apartments fell by 3.9 million units over the last decade and in every state, the Harvard Joint Center for Housing studies reported.
July 12: MBA Associate Member Engagement Webinar
As a member of the Mortgage Bankers Association, you and your company are entitled to a multitude of benefits. We invite you to a complimentary webinar, Make the Most of Your MBA Membership, Wednesday, July 12th from 1:00 PM – 2:00 PM (ET) to learn more about how to make these benefits work for you.
ATTOM: Home Affordability Continues to Worsen in Second Quarter
ATTOM in its second-quarter 2023 Home Affordability Report found median-priced single-family homes and condos were less affordable in the quarter compared with historical averages in 98% of counties across the U.S with enough data to analyze.