The Dodge Momentum Index grew 0.9% in April to 205.1, indicating an increase in planning for commercial buildings, the Dodge Construction Network reported.
Category: News and Trends
N.Y. Fed President John Williams Offers Economic Outlook
NEW YORK–John Williams, President and CEO of the Federal Reserve Bank of New York, offered an optimistic but measured view of the economy during a session at MBA’s Secondary and Capital Markets Conference.
Dealmaker: Merchants Capital Secures $33M for Affordable Housing Development in Minnesota
Merchants Capital, Carmel, Ind., announced $32.9 million in financing for the construction of an affordable and supportive multifamily housing development in St. Paul, Minn.
Existing-Home Sales Dip in April
Existing-home sales slowed in April, the National Association of Realtors reported.
MBA’s Bob Broeksmit Shares Video Response to the Latest on GSE Release
MBA President and CEO Bob Broeksmit, CMB, released the following statement May 22.
Protecting CRE Servicing from Fraud
HOLLYWOOD, FLA.–Keeping ahead of fraudulent activity is essentially a full-time function for mortgage servicers, panelists said here at MBA’s Commercial/Multifamily Finance Servicing and Technology Conference.
Quote of the Day
“MBA is pleased that this bill includes numerous tax provisions that will help to increase real estate investment in communities and improve the financial outcomes of homeowners, renters, and our members’ businesses.”
–MBA President and CEO Bob Broeksmit, CMB
MBA Statement on the Passage of the House Reconciliation Bill
MBA President and CEO Bob Broeksmit, CMB, released a statement on the passage of the Republican-led tax and spending package in the U.S. House of Representatives.
Panelists Outline Challenges to Releasing GSEs, Possibility of Guarantee
NEW YORK–“In any market system where you have some lack of clarity, there’s a price to that,” said Scott Ulm, CEO and Vice Chairman of ARMOUR Residential Reit Inc. “Undoubtedly, the more ambiguity you put into it, the higher the price gets.”
A Tribute to Bob O’Toole
Robert M. O’Toole, longtime senior vice president of residential finance for the Mortgage Bankers Association, passed away earlier this month.