In conjunction with the newly launched Commercial Real Estate Diverse Supplier (CREDS) Consortium, watch a demonstration of the comprehensive supplier diversity platform presented by SupplierGATEWAY on Tuesday April 4 from …
Category: News and Trends
Kristin Golab of Plante Moran: ‘Fixing’ Fixed Costs in a Downturn–Six Considerations for Mortgage Bankers
As interest rates and inflation have risen, mortgage lenders have seen a slowdown in their sector. These strategies can help your institution manage costs in this lean period and position yourself to thrive in a recovery.
MBA Advocacy Update Apr. 3, 2023
On Wednesday, the Federal Housing Finance Agency announced that Fannie Mae and Freddie Mac will allow borrowers facing financial hardship to defer up to six months of mortgage payments.
CoreLogic: ‘Convective’ Storms Cause $17 Billion in Annual Losses
A report from CoreLogic, Irvine, Calif., said severe convective storms in the U.S. in 2022 accounted for an average annual loss of more than $17 billion among insured. Of those losses, hail damage accounts for more than $11 billion.
Kristin Golab of Plante Moran: ‘Fixing’ Fixed Costs in a Downturn–Six Considerations for Mortgage Bankers
As interest rates and inflation have risen, mortgage lenders have seen a slowdown in their sector. These strategies can help your institution manage costs in this lean period and position yourself to thrive in a recovery.
Moody’s: CMBS Loss Severities Drop
Moody’s, New York, reported U.S. commercial mortgage-backed securities had the lowest loss amount last year since 2009, but noted loss severities remained elevated.
Dealmaker: BWE Secures $35M in Financing for Washington Retail Center
Bellwether Enterprise Real Estate Capital LLC, Cleveland, closed a $35 million loan to refinance a major retail center in the Pacific Northwest.
MBA Chart of the Week Mar. 31, 2023: Housing Cost Burden Rates by Income Level
In this week’s MBA Chart of the Week, we look at housing cost ratios by household income level, using data from the 2021 American Housing Survey.
The Week Ahead, Apr 3, 2023: #MBATech23 Underway
SAN JOSE, Calif.—Good morning and happy Monday! MBA NewsLink is coming to you this week from the Mortgage Bankers Association’s Technology Solutions Conference & Expo.
People in the News Apr. 3, 2023: Dovenmuehle Adds Anna Krogh as VP Business Development
Dovenmuehle Mortgage Inc., Lake Zurich, Ill., hired Anna Krogh as vice president of business development, responsible for growing Dovenmuehle’s client list by sourcing new prospects and fostering and developing long-term relationships and clients.