My name is Kirsten Agard, CMB, AMP, I live in Tigard, Oregon, and I have been in the mortgage industry for 12 years.
Category: News and Trends
Jason Wilborn of Accenture: Perfect Timing
NOW is the time we should revisit what didn’t work when volumes were high. The opportunity to think outside of the box relative to engaging new partners, new systems, and to properly implement policy changes is now. The imperative for a proactive, funded, and holistic approach assessing your business model is upon us.
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.
CMBS Delinquency Rate Dips; Special Servicing Rate Increases
Fitch Ratings, New York, reported the commercial mortgage-backed securities delinquency rate decreased two basis points in February to 1.83%.
Dealmaker: MetroGroup Realty Finance Arranges $11M for California Retail Center
MetroGroup Realty Finance, Newport Beach, Calif., secured a $10.6 million bridge loan for The Commons at Alisa Viejo, a Trader Joe’s-anchored retail center in Aliso Viejo, Calif.
Industry Briefs Mar. 13, 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.
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.
Strong February Job Growth Muddies Fed Outlook
Employers added 311,000 jobs in February, the Bureau of Labor Statistics reported Friday—good news for the labor market but complicating news for the Federal Reserve, which faces the daunting task next week of encouraging economic growth while taming inflation.
The Week Ahead, Mar. 13, 2023: Housing, Inflation on the Docket
Good morning and happy Monday. It’s going to be a busy week, so let’s jump right in:
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.