RealPage, Richardson, Texas, said net demand for apartments finished 2022 in negative territory for the first time in years.
Category: News and Trends
Dealmaker: Limestone Asset Management, Orion Real Estate Purchase Miami Retail for $70M
Limestone Asset Management and Orion Real Estate Group, both headquartered in Miami, purchased Colonial Palms Plaza in Miami for $70 million.
People in the News Jan. 12, 2023: Exceleras Adds Jeannette McWay, Kelli Kysela
Exceleras, Glencoe, Ill., hired Jeannette McWay and Kelli Kysela to serve current and new clients on the company’s asset management and disposition platform.
2022 Foreclosures Double; Remain Below Pre-Pandemic Levels
ATTOM, Irvine, Calif., said 2022 foreclosure filings more than doubled from 2021 but remained well below pre-pandemic rates.
CFPB Proposes Rule to Establish Public Registry on Contracts Limiting Consumer Protections
The Consumer Financial Protection Bureau on Wednesday issued a proposed rule to establish a public registry of supervised nonbanks’ terms and conditions in “take it or leave it” form contracts that claim to waive or limit consumer rights and protections, such as bankruptcy rights, liability amounts or complaint rights.
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.
MISMO Honors Annual Award Recipients
DELRAY BEACH, Fla. — MISMO®, the real estate finance industry standards organization, announced its Annual Award recipients during a ceremony here at its Winter Summit.
Rafael DeLeon of Ncontracts: 3 Things You Should Know About Fair Lending Compliance
Here are three key takeaways that mortgage companies should know to help meet compliance requirements and protect borrowers and their organizations in the process.
Top National News Jan. 12, 2023
Here’s a summary of Top National News Items from major news sites and industry trade publications. To get started, click on the headline above:
Quote: Jan. 12, 2023
“We’ve never before seen a period like this–weak demand for all types of housing despite robust job growth and sizable wage gains, It wasn’t just apartment demand that shot up in 2021 and plunged in 2022. The same pattern played out to varying degrees in other rentals and in for-sale homes.”
–Jay Parsons, Vice President, Head of Economics and Industry Principals with RealPage, Richardson, Texas.