Berkadia, Ambler, Pa., secured a $31.5 million bridge loan for sponsor Midtown Capital to complete The Astoria, a 149-unit apartment community in Salt Lake City, Utah.
Category: News and Trends
Snapdocs: More Lenders Offer eClosing, but Adoption Lags
Snapdocs, San Francisco, released its 2025 State of eClose Adoption Report, finding that 90% of lenders now offer digital closing to their customers. That compares with 74% in 2023.
Fannie Mae HPES Predicts Home Price Growth Will Moderate
Fannie Mae, in partnership with Pulsenomics, Acton, Mass., released its Home Price Expectations Survey for the first quarter.
Builder Confidence Indicates Slow Start for Spring Housing Season
Growing economic uncertainty stemming from tariff concerns and elevated building material costs kept builder sentiment in negative territory in April, despite a modest bump in confidence likely due to a slight retreat in mortgage interest rates in recent weeks.
MBA Premier Member Editorial: How AI Can Help Turn Customer Experience into a Revenue Engine
What if AI could make the contact center a source of strategic growth? Sei AI Co-Founder & CEO Pranay Shetty looks into it.
Quote of the Day
“Forecasting is always challenging. In the last five years, that has been even more so given the extreme movements in markets and the economy during and after the pandemic.”
–MBA Chief Economist Mike Fratantoni on the latest Fannie Mae HPES report
People in the News, April 17, 2025
Industry personnel news from First American, Panorama Mortgage Group, Class Valuation, Truework, Westcor, Click n’ Close, Longbridge Financial, Citywide Home Mortgage and CMG Home Loans.
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 8.5% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 11, 2025.
Mortgage Companies Face Unique TPRM Challenges in Vendor-Heavy Landscape
Third-party relationships have become a business necessity across the mortgage industry. They’re also a potential minefield of regulatory scrutiny and cybersecurity threats, Ncontracts’ Rafael DeLeon writes.
LightBox: CRE Index Posts Strongest Reading Since 2022, but Outlook Uncertain
LightBox, New York, reported its Commercial Real Estate Activity Index rose sharply in March to 104.4, the highest level since June 2022 and only the second triple-digit reading in nearly three years.