Rodney Moss is Executive Vice President of Strategy and Business Development with LoanCare, Virginia Beach, Va.
Category: News and Trends
Dealmaker: Fontainebleau Las Vegas Secures $2.2B in Construction Financing
A partnership between Fontainebleau Development, Aventura, Fla., and Koch Real Estate Investments, Dallas, secured a $2.2 billion construction loan to complete 67-story hotel and casino Fontainebleau Las Vegas.
Industry Briefs, Jan. 18, 2023: Inflation’s Impact on Small Businesses
Biz2Credit, New York, announced findings of its Small Business Inflation Study that analyzed the revenues and expenditures of more than 140,000 U.S. small businesses from January 2019 to October 2022.
Rob Bayer of Anomaly Squared: Optimize Your Loan Officers’ Time with Call Center Outsourcing
Collaborating closely with those teams who specialize in contacting and qualifying leads quickly is a valuable way towards reaching your conversion goals. Typically, only 5-15% of qualified leads convert. The good news: companies that automate their lead management processes can see up to a 10% increase in revenue in 6-9 months.
MBA Advocacy Update Jan. 17, 2023
MBA President and CEO Bob Broeksmit, CMB, chats with HousingWire’s Sarah Wheeler about MBA’s latest forecast and top advocacy priorities in 2023. Click on this story to listen to the podcast.
Quote: Jan. 18, 2023
“As we enter the beginning of the spring buying season, lower mortgage rates and more homes on the market will help affordability for first-time homebuyers.”
–MBA Chief Economist Mike Fratantoni.
MBA: 4Q Commercial, Multifamily Mortgage Delinquency Rates Increase
Delinquency rates for mortgages backed by commercial and multifamily properties increased slightly through the fourth quarter, the Mortgage Bankers Association’s latest CREF Loan Performance Survey reported.
MBA Chart of the Week Jan. 13, 2023: Mortgage-Treasury Spread
This week’s MBA Chart of the Week looks at the spread of mortgage rates relative to Treasury yields. This has been one of the more puzzling aspects of the current environment and a contributor to the rapid rise in mortgage rates over the past year.
Ed Austin of SingleSource Property Solutions: The State of Home Equity Lending
Ed Austin is chief operating officer of SingleSource Property Solutions, a provider of property services supporting the U.S. housing industry, where he is responsible for the company’s overall operations and growth.
Operating More Effectively in a Harsh Environment
Excerpted from a recent webinar featuring Tammy Richards of LendArch; Rob Chrisman of The Chrisman Commentary; and Augie Del Rio of Gallus Insights.