In Thursday’s MBA Purchase Applications Payment Index (PAPI) release, MBA Research introduced a new measure—The Builders’ Purchase Applications Payment Index (BPAPI).
Category: News and Trends
Erin Palmer, Chris Bennett: How to Fire Up a Lock-and-Shop Program Without Getting Burned
One idea that could help lenders stand out in this market is a rate-lock program to give qualified borrowers more time to shop for their home. And, by design, incentivize them not to also shop elsewhere for a different rate and so that they will close with the original lender.
Dean Kelker of SingleSource Property Solutions: Appraisal Modernization and Obstacles to the Profession
Dean Kelker is senior vice president and chief risk officer with SingleSource Property Solutions, Canonsburg, Pa., responsible for managing regulatory, compliance and financial risks. He has more than 30 years of real estate finance experience managing collateral, credit and compliance risks for lenders, credit risks for a mortgage insurer and mortgage default investigations for a due diligence firm.
MBA Advocacy Update: Jan. 30, 2023
On Tuesday, MBA SVP and Chief Economist Mike Fratantoni testified during a Federal Financial Institutions Examination Council’s Appraisal Subcommittee hearing on appraisals.
Call for Speakers: MBA Secondary & Capital Markets Conference & Expo; Deadline Feb. 2
Speaking opportunities for breakout sessions are now being accepted for MBA’s Secondary & Capital Markets Conference & Expo 2023, taking place May 21–24 at the Marriott Marquis in Times Square.
Pending Home Sales End Six-Month Slide
The National Association of Realtors and Redfin, Seattle, noted improvement in December pending home sales, marking the first improvement since last spring.
The Week Ahead, Jan. 30, 2023: Countdown to CREF23
Good morning and happy Monday; we’re almost all the way through January (already!). We have a busy week ahead of us, so let’s get to it:
MBA Chart of the Week, Jan. 27, 2023: Monthly Principal, Interest Payments
In Thursday’s MBA Purchase Applications Payment Index (PAPI) release, MBA Research introduced a new measure—The Builders’ Purchase Applications Payment Index (BPAPI).
Dealmaker: Greystone Provides $95M for Chicago-Area Multifamily
Greystone, New York, provided a $94.4 Fannie Mae Delegated Underwriting & Servicing loan to acquire a 586-unit multifamily property in Arlington Heights, Ill., for $131 million.
Mortgage Performance Remains ‘Exceptionally Healthy’
Reports this week from CoreLogic, Irvine, Calif., and Black Knight, Jacksonville, Fla., as well as Monday’s Loan Monitoring Report from the Mortgage Bankers Association, show mortgage performance in the post-pandemic era remains strong and healthy.