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.
Category: News and Trends
Call for Nominations: MBA NewsLink 2023 Tech All-Star Awards; Deadline Jan. 20
The MBA NewsLink 2023 Tech All-Star Awards nomination period is underway. Nominations will be accepted through Friday, Jan. 20.
Former MBA Chair Regina Lowrie, CMB, Passes Away
Regina Lowrie, CMB, who made history in 2005 as the first female elected Chair of the Mortgage Bankers Association, passed away suddenly on Jan. 1. She was 68.
Freddie Mac: Multifamily Market to Moderate
Freddie Mac, McLean, Va., said the multifamily market will likely continue to cool off in 2023.
Unemployment Claims Pick Up Ahead of Holidays
Initial claims for unemployment insurance increased just before the holidays, the Labor Department reported last Thursday.
Dealmaker: Eastern Union Secures $40M for Virginia Multifamily
Eastern Union, New York, secured $39.7 million to refinance Washington & Lee Apartments, a 369-unit multifamily community in Arlington, Va.
Housing Market Roundup: Luxury Home Sales Plummet; Buyers Get Some Leverage Back
Here’s a summary of housing market reports that came across the MBA NewsLink desk over the holidays:
Pending Homes Down 6th Straight Month
Pending home sales slid for the sixth consecutive month in November, the National Association of Realtors reported Wednesday, to their second-lowest monthly reading in 20 years.
November New Home Sales Up 5.8%
New home sales beat expectations in November, HUD and the Census Bureau reported over the holiday season, rising by nearly 6 percent from October.
Home Price Reports: Monthly Gains Turn Negative
Annual home price appreciation, which flew along at a 20-percent pace for much of the past several years, appears to be grinding to a much slower pace going into 2023.