The single-family rental sector will likely face cyclical headwinds this year, but the long-term outlook remains firmly positive, reported Arbor Realty Trust, Uniondale, N.Y.
Category: News and Trends
Dealmaker: iBorrow Provides $14M for Midwest Industrial Properties
iBorrow, Los Angeles, provided $13.5 million for two fully leased single-tenant industrial properties in Michigan and Indiana.
Housing Market Roundup Mar. 14, 2023
Here is a summary of recent housing reports that have come across the MBA NewsLink desk:
Alesha Briley, CMCP, and Leanne Minghini of Ncontracts: What story is your HMDA data telling?
Telling your mortgage company’s Home Mortgage Disclosure Act story is essential for fair lending compliance. It begins with data collection and ends with data analysis. An effective HMDA data process involves eight steps.
MBA Advocacy Update Monday Mar. 13, 2023
On Wednesday, HUD announced a final rule increasing the maximum allowable term for Federal Housing Administration-insured loan modifications from 360 months to 480 months.
MBA Chart of the Week March 13 2023–Estimated Total Commercial Mortgage Maturities
At MBA’s CREF Convention in San Diego last month, we released the results of our annual survey of upcoming commercial and multifamily mortgage maturities. The survey collects information directly from loan servicers on when the loans they service mature.
Industry Briefs Mar. 14, 2023: Lodestar Partners with Nationwide Appraisal Network
LodeStar Software Solutions, Philadelphia, partnered with Nationwide Appraisal Network, a nationwide appraisal management company. The partnership will enable users of LodeStar’s closing fee technology to access appraisal fees for fee estimates across the nation.
Quote: Mar. 14, 2023
“This decline [in the MCAI] was driven by the ongoing trend of shrinking industry capacity as mortgage rates stayed significantly higher than a year ago. Additionally, in this volatile rate environment and potentially weakening economy, there was also a reduction in refinance programs offered for low credit score and high LTV borrowers.”
–Joel Kan, MBA Vice President and Deputy Chief Economist.
RIHA Releases Second Collection of Essays on Climate Change’s Impact on Real Estate Finance
The Mortgage Bankers Association’s Research Institute for Housing America published a second collection of essays that addresses affects of climate change on the real estate finance industry.
MBA Premier Member Profile: Asurity
Asurity, founded in 2015, combines RegTech SaaS with industry expertise to help automate compliance and product innovation in mortgage