STR, Hendersonville, Tenn., and Tourism Economics, Wayne, Pa., upgraded their hotel sector forecast for the rest of 2023.
Category: News and Trends
MBA Weekly Survey June 14, 2023: Applications Increase
Mortgage applications increased 7.2 percent from one week earlier, according the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending June 9, 2023.
Sponsored Content from CreditXpert: The Often-Ignored, Highly Strategic 3rd “C” of Mortgage Lending
From the outside, lending looks like a straightforward business. All you have to do is take the application from someone who wants a loan and determine whether or not you think they are a good risk for the deal and will repay the loan.
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FormFree President Eric Lapin: If You’re Not Using Blockchain in Financial Services, You’re Already Behind
Remember just a few years ago when companies were hesitant to embrace cloud computing? Now, cloud-based strategies are standard industry-wide. I foresee the same destiny for blockchain technologies, and the revolution is already underway.
Quote: June 15, 2023
“Inflation is coming down, but slowly. Multiple indicators suggest the economy here and abroad will slow significantly in the near term, but the job market continues to appear resilient in the most recent data. With this muddled picture, it is not surprising that the FOMC held rates steady at its June meeting but kept their options open for July and later this year. Nevertheless, we expect that the Fed is at the top of its rate hiking cycle.”
–MBA Senior Vice President and Chief Economist Mike Fratantoni.
Mortgage Cadence EVP of Services Jim Rosen: Seeing the Return From Our AI Investments
Every lender that gets excited about what AI will finally allow them to do–and that list is long–also needs to carefully consider how they will earn those investments back, with a return.
Mortgage Locks See Modest Rise in May, But Remain Suppressed, Black Knight Reports
Mortgage lending improved in May compared to April, but remains constrained to say the least, reported Black Knight, Jacksonville, Fla.
Housing Data Shows That Americans Still Love the ‘Warm Weather’ South, Expert Says
Yahoo! Finance, June 13, 2023-Rebecca ChenHousing remains competitive in the South as Americans continue to flock there, pushing up home prices in the region.https://finance.yahoo.com/news/housing-data-shows-that-americans-still-love-the-warm-weather-south-expert-says-180745853.html
Dealmaker: Sonnenblick-Eichner Arranges $27M for Santa Monica Retail Building
Sonnenblick-Eichner Co., Beverly Hills, Calif. arranged $27.4 million in construction financing for a three-story 25,000-square-foot retail building on Third Street Promenade in Santa Monica, Calif.
Completion of Build-to-Rent Homes Hit New High in 2022
RentCafe, Santa Barbara, Calif., reported construction of new build-to-rent single-family homes hit a high in 2022, with 14,541 completed.