MetroGroup Realty Finance, Newport Beach, Calif., secured $22.6 million in financing for a southern California 1031 exchange transaction.
Category: News and Trends
People in the News Jan. 6, 2023: Shelli Holland joins Sales Boomerang, Mortgage Coach as Chief People Officer
Sales Boomerang, Owings Mills, Md., and Mortgage Coach, Irvine, Calif., appointed Shelli Holland as Chief People Officer. She will help define and connect the mission and values of the merged company and align the people behind them.
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.
MBA CREF Outlook Survey: Unsettled Markets to Dissipate in 2023
Commercial and multifamily mortgage originators are experiencing an unsettled market for borrowing and lending but anticipate those conditions will slowly stabilize over the course of this year, the Mortgage Bankers Association’s 2023 Commercial Real Estate Finance Outlook Survey found.
Top National News Jan. 6, 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:
MBA: 2023 Commercial, Multifamily Borrowing/Lending Expected to Fall to $700B
The Mortgage Bankers Association released its updated baseline forecast Thursday, projecting total commercial and multifamily mortgage borrowing and lending to fall to $700 billion this year, a 5 percent decline from an expected 2022 total of $740 billion.
Quote
“Commercial real estate markets are entering 2023 amid a great deal of uncertainty and, as a result, a significant slowdown in activity. Leaders of top commercial real estate finance firms believe that overall uncertainty will dissipate over the course of the year, but with a host of factors that will drag–rather than boost–the markets in 2023.”
–Jamie Woodwell, MBA Head of Commercial Real Estate Research.
MBA News Jan. 6, 2023
Today in MBA News: CREF23; MBA Education Webinars; MBA Member Advantage Program. To read more, click on today’s MBA News headline.
People in the News Jan. 6 2023
(This article originally appeared in MBA NewsLink on Jan. 3. It has been updated with funeral arrangements and contribution information.)
Ron Vaimberg: Why Most Originators Are Focused on the Wrong Problem
The reality is that market has been very strong for so long that many originators took for granted that they could do the same things and still produce the same results. But as they’re now finding out, that was never going to be the case.