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Category: News and Trends
Shannon Faries of Land Gorilla: Expanding Construction Lending Key to Long-Term Growth
Expanding housing inventory, despite higher rates, is the only way out of the housing affordability crisis, which is why the future belongs to lenders with products to finance more building and renovation.
November New Home Purchase Mortgage Applications Up 1%
The Mortgage Bankers Association’s November Builder Applications Survey reported mortgage applications for new home purchases rose by 1percent from October, but fell by 25.2 percent from a year ago.
Builder Confidence Down 12th Straight Month
The National Association of Home Builders/Wells Fargo Housing Market Index went 12-for-12 in 2022—but not in a good way.
MBA, Trade Groups Urge FTC to Crack Down on Banking Scams
The Mortgage Bankers Association, the American Bankers Association and other banking trade associations urged the Federal Trade Commission to crack down on those who impersonate banks or government officials in scams.
Colliers: Hybrid Work Will Shrink Office Space Requirements, Lead to Better Work/Life Balance
Colliers, Toronto, reported hybrid work will lessen office space requirements for many corporate users and could better work/life balance for workers.
MBA: November Share of Mortgage Loans in Forbearance Flat
The Mortgage Bankers Association’s monthly Loan Monitoring Survey reported loans in forbearance remained flat at 0.70% as of November 30. MBA estimates 350,000 homeowners are in forbearance plans.
Longtime MBA Employee Lesley Hall Passes Away
Lesley Hall, who worked at the Mortgage Bankers Association for nearly 24 years in support of Mortgage Banking magazine and the MBA Newslink publications, passed away on Dec. 9 following an illness. She was 61.
JT Edelen of Equifax: Trends in Employment and Credit Access: Navigating Mortgage Lending Amid Economic Uncertainty
Faced with today’s changing income and employment trends, leveraging expanded datasets can help financial institutions continue to provide fast, confident mortgage lending decisions, expand access to credit and grow their portfolios.
Dealmaker: Comstock, Berkadia Secure $78M Refinancing
Comstock Holding Cos., Reston, Va., jointly structured a 10-year, 4.5% fixed-rate $77.5 million loan with Berkadia Commercial Mortgage, New York, to refinance Phase II of Comstock’s Loudoun Station in northern Virginia.