Hall Structured Finance, Dallas, originated a $16.6 million first lien construction loan for the development of a Hyatt Place hotel in Jackson, Tenn.
Category: News and Trends
One-Third of Homebuyers Used Cash in April, Redfin Finds
Redfin, Seattle, reported 33.4% of home purchases in April were all-cash, the highest share in nine years and up from 30.7% in April 2022.
Trepp: CMBS Special Servicing Rate Rises to 6.11%
Trepp, New York, reported its CMBS Special Servicing Rate climbed 49 basis points to 6.11% in May, marking its fourth sequential monthly increase.
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.
Of course, it’s not that simple. It never has been.
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.
Mark P. Dangelo: In an AI Reimagined Financial World, It Begins with the Consumer (Part 2)
What happens when those breathtaking artificial intelligence (#AI) solutions are wrong? Moreover, when AI systems “talk” or cascade to other downstream AI systems, how can erroneous information in across data-driven, data-as-a-product solutions be recalled without influencing or cascading into blackholes of consumer chaos, frustration, and account loss?
Christine Chandler of M&T Realty Capital Corp. Nominated to Be 2024 MBA Vice Chair
The Mortgage Bankers Association announced that Christine Chandler, Executive Vice President, Chief Credit Officer and Chief Operating Officer with M&T Realty Capital Corp. (RCC), has been nominated to serve as MBA’s Vice Chair for the 2024 membership year.
Industry Briefs June 12, 2023
Industry news briefs from Ginnie Mae, Freddic Mac, LenderLogix, ClearValue and Voxtur.
David Allison from Dovenmuehle: Context Is Key in Formulating a Response to Mortgage Default Data
For those who attended MBA’s Servicing Solutions Conference in February, the unveiling of the delinquency data for the fourth quarter of 2022 caused quite a stir.
Deadline July 3: Apply for MBA Education’s Residential Educator of the Year
The Mortgage Bankers Association announced that applications have opened for MBA Education’s Residential Educator of the Year Award.