Eastern Union, New York, secured $73 million in financing to acquire seven retail centers in four states.
Category: News and Trends
Call for Entries: MBA DEI Leadership Awards–Deadline Aug. 5
The Mortgage Bankers Association is accepting entries for its annual Diversity, Equity and Inclusion Residential Leadership Awards; entry deadline is Friday, Aug. 5.
Former House Speaker Paul Ryan Keynotes MBA Annnual22 Opening General Session
Former House Speaker Paul Ryan, R-Wis., keynotes the Opening General Session at the Mortgage Bankers Association’s Annual Convention & Expo on Monday, Oct. 24 at 8:30 a.m. CT.
Rhonda McGill of PerformLine: Mortgage Industry Compliance Concerns, Best Practices
Rhonda McGill is Senior Director of Client Solutions with PerformLine, Morristown, N.J.
Industry Briefs Aug. 2, 2022
ACES Quality Management, Denver, enhanced its reporting library within its flagship audit platform ACES Quality Management & Control software to help align with recent mortgage quality control reporting recommendations issued by Fannie Mae.
Todd Rasmussen of Equity Valuation Partners: Mortgage Investors and Asset Managers Should Do Some Valuations Themselves
Todd Rasmussen is President and Chief Operating Officer at Equity Valuation Partners, a provider of home value services, valuation tools and property value data for the real estate industry. He has been a residential appraiser since 1990 and started in the appraisal management company space in 2009.
MBA Advocacy Update Aug. 1, 2022
Activities of note on Capitol Hill:
Last Wednesday night, Senator Joe Manchin, D-W.V., Senate Majority Leader Chuck Schumer, D-N.Y., and the White House reached agreement on a $740 billion reconciliation package, giving Senate Democrats another chance to enact broad climate and tax code changes before the end of Fiscal Year 2022.
Quote
“Strong property fundamentals, rising values, and low interest rates all contributed to the jump in volume, as well as strong demand from every capital source to make multifamily loans. The mix of lenders in the data show the depth and diversity of the apartment lending market.”
–Jamie Woodwell, MBA Vice President of Commercial Real Estate Research.
MBA Chart of the Week July 29, 2022: Performance of Post-Forbearance Loan Workouts
According to MBA’s Monthly Loan Monitoring Survey, the share of loans in forbearance dropped slightly to 0.81 percent of servicers’ portfolio volume as of June 30, 2022, from 0.85 percent the prior month.
MBA Risk Management, QA and Fraud Prevention Forum in Nashville Sept. 11-13
The Mortgage Bankers Association’s annual Risk Management, QA and Fraud Prevention Forum takes place Sept. 11-13 at the Grand Hyatt Nashville.