AFIRE, Washington, D.C., reported the U.S. remains a preferred destination compared to Europe for real estate investment across property types, despite challenges.
Category: News and Trends
MBA Education Path to Diversity Scholar Profile: Kim King, AMP
Kim King, AMP, is Director of Mortgage Operations for Bryant Bank, Tuscaloosa, Ala.
Dealmaker: Walker & Dunlop Arranges $94M for New York Logistics Center
Walker & Dunlop, Bethesda, Md., arranged $94 million in construction financing for College Point Logistics Center, a Class A logistics warehouse development in College Point, Queens, N.Y.
MBA Letter Addresses Risks to Proposed SEC Rule on Securitizations
The Mortgage Bankers Association, in a Mar. 27 letter to the Securities and Exchange Commission, said a proposed rule to curb certain material conflicts of interest in securitizations is flawed and would present risks to that market.
Quote: Mar. 29, 2023
“Home price growth has slowed markedly in many parts of the country, which has helped to improve buyers’ purchasing power. Purchase applications remain over 30 percent behind last year’s pace, but recent increases, along with data from other sources showing an uptick in home sales, is a welcome development.”
–Joel Kan, MBA Vice President and Deputy Chief Economist.
MISMO Seeks Public Comment on Life of Loan Process Model Enhancements
MISMO®, the real estate finance industry’s standards organization, seeks public comment on its latest version of the MISMO Life of Loan Process Model. The 30-day comment period runs through April 26, 2023.
People in the News Mar. 29, 2023: Mortgage Advisory Partners Names Maria Elena Jaimes Managing Director of Training, Development
Mortgage Advisory Partners, Newport Beach, Calif., hired Maria Elena Jaimes as Managing Director of Training and Development.
Call for Speakers: MBA Annual Convention & Expo; Deadline June 2
Speaker proposals for breakout sessions are now being accepted for the MBA Annual Convention & Expo 2023, taking place October 15-18 at the Pennsylvania Convention Center in Philadelphia. This is the industry’s largest convention and expo focused on residential real estate finance.
Industry Briefs Mar. 28, 2023: Black Knight Says Prepayments Rebound from Record Low
Black Knight, Jacksonville, Fla., said the national mortgage delinquency rate increased by 7 basis points in February to 3.45%, but fell by 12.6% year over year. Meanwhile, prepayment activity inched up to 0.35%, breaking a four-month streak of record lows
Quote: Mar. 28, 2023
“Securitization is a vital component of commercial and residential mortgage lending as it provides access to much needed capital and the ability to effectively manage risk, and the Proposed Rule, as written, is overly broad and could inadvertently stifle the securitization markets and access to capital.”
–from an MBA letter to the Securities and Exchange Commission on a proposed rule that would clarify what constitutes conflicts of interests in securitizations.