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Category: News and Trends
Mark P. Dangelo: In the ‘Year of the Rabbit,’ Data is a Slow Tortoise (Part 1)
Academics, consultants, and vendors advocate for “data-driven” enterprises underpinned by augmented analytics, adaptative AI/ML, digital ethics, consumer privacy, and AI security. Yet, as the pace of innovation rises across financial markets and consumer models, the organizational capabilities of leveraging data are declining. What is wrong with this picture?
Stephen Ryczek of Constellation Mortgage Solutions on Evolving Lending Technology
Stephen Ryczek drives product and technology initiatives at Constellation Mortgage Solutions, West Palm Beach, Fla. As President since 2019, he is positioning the company as a leading digital enterprise loan origination and servicing technology for the residential mortgage industry. He also plays a key role with CMS’ parent company – Constellation Software Inc.
Update on Regina Lowrie, CMB, Services
(This article originally appeared in MBA NewsLink on Jan. 3. It has been updated with funeral arrangements and contribution information.)
CMBS Delinquency, Special Servicing Rates Increase
The commercial mortgage-backed securities delinquency and special servicing rates both increased in November, according to Trepp LLC and DBRS Morningstar.
FHFA Releases 2023 Scorecard for Fannie Mae, Freddie Mac, CSS
The Federal Housing Finance Agency on Wednesday released the 2023 Scorecard for Fannie Mae and Freddie Mac and their joint venture, Common Securitization Solutions LLC.
JOLTS Report: U.S. Job Market Remains Tight
In the first of four major jobs reports this week, the Bureau of Labor Statistics reported November job openings fell at a slower-than-expected pace, reflective of a continued tight labor market.
2 Million U.S. Homes Eligible Under New GSE Conforming Loan Limits
Zillow Home Loans, Seattle, said recently announced new conforming limits for loans eligible to be sold to Fannie Mae and Freddie Mac mean nearly two million U.S. homes no longer require jumbo loans.
Dealmaker: Northmarq Completes $53M Build-to Rent Community Sale
Northmarq, Minneapolis, brokered the $53 million sale of a 144-unit Build-to-Rent Community in Mesa, Ariz.
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.