Reports from ATTOM, Irvine, Calif., and Black Knight, Jacksonville, Fla., confirm the importance of home equity in a tightening mortgage market.
Category: News and Trends
Dealmaker: JLL Arranges $750M for Life Sciences Campus, Boston Mixed Use
JLL Capital Markets, Chicago, arranged $165 million in refinancing for a San Diego life sciences campus and $585 million for mixed-use development in Boston.
Marvin Chang of Mortgage Hippo: Three Reasons Lenders Must Lean Into Innovation
Lenders that hunkered down during the last two major industry downturns are no longer in the business, while those that leaned in and innovated during the same period emerged as industry leaders. Now is not the time for timidity. In fact, leading lenders are leaning into innovation now. There are at least three good reasons to do so.
People in the News Aug. 4, 2022: Nicole Malaske Joins MBA as Director of Commercial/Multifamily Finance
NewPoint Real Estate Capital, Chevy Chase, Md., promoted Susan Mudry to Chief Operating Officer.
mPowering You: MBA’s Summit for Women in Real Estate Finance in Nashville Oct. 22
mPowering You: MBA’s Summit for Women in Real Estate Finance, takes place Saturday, Oct. 22 in Nashville, Tenn., ahead of the MBA Annual Convention & Expo.
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“After 124 consecutive months of home price increases, it’s no surprise that the percentage of equity rich homes is the highest we’ve ever seen, and that the percentage of seriously underwater loans is the lowest. While home price appreciation appears to be slowing down due to higher interest rates on mortgage loans, it seems likely that homeowners will continue to build on the record amount of equity they have for the rest of 2022.”
–Rick Sharga, executive vice president of market intelligence with ATTOM, Irvine, Calif.
MBA Weekly Survey Aug. 3, 2022: Sharp Drop in Rates Drives Up Applications Activity
A 31-basis-point drop in mortgage interest rates brought home buyers—and refinancers—out of the woodwork last week, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending July 29.
MBA Mortgage Action Alliance Call to Action Urges Senate Approval of RON Bill
Fresh off its victory last week, in which the House overwhelmingly approved legislation allowing notaries to perform Remote Online Notarization transactions nationwide, the MBA Mortgage Action Alliance set its sights on the next step: approval by the Senate.
Jim Paolino of Lodestar: By the Numbers–Did Increased WFH Opportunities Help Spur Home Buying in Metro Suburbs?
Two years after the height of the COVID lockdown, there’s lots of new data available to prove (or disprove) some of the early predictions and observations regarding home buying patterns and trends.
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.