Two questions have dominated the CRE headlines of late: a) the reliance of banks on commercial real estate and b) the reliance of commercial real estate on banks. We addressed the former in a previous Chart of the Week.
Category: News and Trends
The Week Ahead, May 1, 2023: The Fed, Jobs Reports; and Countdown to MBA Spring Conferences
The Federal Open Market Committee holds its regularly scheduled policy meeting this Tuesday, May 2 and Wednesday, May 3, issuing its policy statement at 2:00 p.m. ET on Wednesday.
Scott Kriss of Kriss Law/Atlantic Servicing & Escrow on Why Lenders Should Pay More Attention to the Title Business
Scott Kriss grew up in New England as the son of two small business owners. When he founded his law firm, Kriss Law, in suburban Boston in 2004, he didn’t immediately foresee that it would grow to become a national title and closing services provider with the aid of its sister business, Atlantic Closing & Escrow.
MBA Education/MISMO Webinar TODAY: Timeline and Updates for FHFA Credit Scoring Changes
MBA Education and MISMO hold a timely webinar, Timeline and Updates for FHFA Credit Scoring Changes, on Monday, May 1 from 1:30-2:30 p.m. ET.
MISMO Recruiting Industry Professionals to Participate in New Group Focused on Reverse Mortgage Lending
MISMO®, the real estate finance industry standards organization, issued a call for participants to join a new development workgroup focused on analyzing and developing standards for reverse mortgages.
Quote: May 1, 2023
“Banks are actively enhancing their digital strategy by adopting new automated solutions to improve efficiency and provide better experiences for both clients and employees. AI and machine learning are transforming the banking industry and enabling organizations to remain competitive and relevant.”
–Giles Wrench, Vice-Chairman of Financial Services with JLL, Chicago.
Veronica Nguyen of BeSmartee: Marketing Mistakes Lenders Make
Marketing is a critical aspect of any successful business, and it’s essential to understand the steps involved in attracting and retaining customers. In times when mortgage volume is down, marketing departments need to execute a strategy that not only attracts new customers but one that can retain those customers as well.
MISMO Recruiting Industry Professionals to Participate in New Group Focused on Reverse Mortgage Lending
MISMO®, the real estate finance industry standards organization, issued a call for participants to join a new development workgroup focused on analyzing and developing standards for reverse mortgages.
March Pending Home Sales Down 5.2%
Pending home sales fell in March for the first time since November 2022, the National Association of Realtors reported Thursday.
CoreLogic: Mortgage Delinquency Rate Hovers Near Record Low
CoreLogic, Irvine, Calif., said mortgage delinquencies fell in February from January but rose slightly from a year ago.