Guild Mortgage, San Diego, increased its Southwest presence with acquisition of Legacy Mortgage, an independent New Mexico-based lender.
Category: News and Trends
#MBACREF23: 4Q Commercial/Multifamily Borrowing Down 54%
SAN DIEGO–Commercial and multifamily mortgage loan originations were 54 percent lower in the fourth quarter from a year ago and decreased by 23 percent from the third quarter, the Mortgage Bankers Association reported Monday.
#MBACREF23: PNC, Wells Fargo Lead MBA 2022 Year-End Commercial/Multifamily Servicer Rankings
SAN DIEGO–The Mortgage Bankers Association on Monday released its year-end ranking of commercial and multifamily mortgage servicers’ volumes as of December 31, 2022.
Sponsored Content from ACES Quality Management: Maximizing Servicing Revenue Requires Stringent QC Processes
Air-tight QC policies and procedures are central to lenders’ ability to rely on servicing revenue in a down market.
Dealmaker: JLL Arranges $253M for Industrial Portfolio, Multifamily
JLL Capital Markets arranged $193 million in permanent financing for a nine-property light industrial portfolio totaling 1.7 million square feet located in infill locations in South Florida, Texas, North Carolina, Alabama and Maryland.
MBA Chart of the Week Feb. 10 2023: Climate Risk and Housing Finance
The Research Institute for Housing America, MBA’s think tank, released the first volume of A Collection of Essays on Climate Risk and the Housing Market that examines various aspects of how climate risk is impacting housing markets (as summarized in this week’s chart that replicates Exhibit 1 from the second essay).
The Week Ahead, Feb. 13, 2023: Two Big Weeks of MBA Conferences, Reports
SAN DIEGO—Good morning and happy Monday! MBA NewsLink is on the road for the next two weeks, covering two of the biggest real estate finance conferences of the new year.
RIHA Releases Collection of Essays on Impact of Climate Change on Real Estate Finance
The Mortgage Bankers Association’s Research Institute for Housing America published a new collection of essays addressing the impacts of climate change on the real estate finance industry.
Reena Agrawal of Veros: Using AVMs to Test for Appraisal Bias
Appraisal bias occurs when a property is undervalued or inaccurately assessed based on any of the protected class variables. Any appraisal bias based on race of the homeowner or racial make-up of a neighborhood can seriously affect minority homeowners.
Rohin Tagra of Azimuth GRC: 4 Reasons Mortgage Lenders & Servicers Need Automated Full-Population Compliance Testing
The cost of non-compliance is rising. Regulatory expectations have increased, and new rules continue to be released, placing a heavy burden on compliance teams to keep pace, or else face consent orders and multi-million-dollar fines. The good news is that there’s a solution.