Dwight Capital, New York, provided $61.4 million in HUD 223(f) loans for properties in Portland, Ore., and Salt Lake City.
Category: News and Trends
November CPI Posts Welcome ‘Modest’ Increase
It’s not often that “modest” has economic significance, but when it refers to inflation as of late, then “modest” is perhaps a welcome description.
RCLCO: Real Estate Sentiment Hits Record Low as Recession Looms
RCLCO, Washington, D.C., reported its Real Estate Market Sentiment Index decreased 26.9 points over the past six months and dropped 80.6 points since the most recent peak.
Today’s Top National News Dec. 14 2022
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:
Murali Tirupati of Vaultedge: Leveraging Automation to Maximize ROI on MSR Transfers in a Hot Market
While MSR portfolio purchase drives asset growth for buyers, it also brings its fair share of risks and cost & quality challenges. The question is, how to leverage tech not only to eliminate these risks but also maximize ROI for the acquired MSR assets.
John Walsh of LERETA on Servicing Tax Issues
John Walsh is CEO of LERETA, Pomona, Calif. He leads an executive leadership team focused on providing the mortgage and insurance industries accuracy, responsiveness and innovative technology.
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.
Quote
“The 30-year fixed rate inched to 6.42 percent, which is still close to the lowest rate in a month. Overall applications increased, driven by increases in purchase and refinance activity. However, with rates more than three percentage points higher than a year ago, both purchase and refinance applications are still well behind last year’s pace.”
–Joel Kan, MBA Vice President and Deputy Chief Economist.
MBA Offers FHFA Recommendations on Housing Equity
The Mortgage Bankers Association, in a letter to the Federal Housing Finance Agency, offered a set of recommendations addressing the Agency’s efforts to improve home equity, particularly with respect to the racial homeownership gap.
MBA News Dec. 14, 2022
Today in MBA News: MBA Technology Solutions Conference & Expo ; TODAY: MBA Education Webinar, Ensuring HMDA Data Integrity and Common Reporting Issues; MBA Education School of Loan Origination; Annual NMLS Renewal Period. To read more, click on today’s MBA News headline.