Greystone, New York, provided $42.1 million in Fannie Mae Delegated Underwriting & Servicing funds for multifamily properties in Colorado and Oregon.
Category: News and Trends
The Week Ahead, Dec. 5, 2022: What You Need to Know
Good morning, and happy Monday! Lots happening before the holidays; let’s jump right in:
Today’s Top National News
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:
Quote
“Despite this better-than-expected report, MBA is holding to its forecast of a recession in the U.S. in the first half of 2023. While the payroll survey showed a slower pace of growth, the household survey again showed an outright decline in employment – with a drop of 138,000 in November. With other data showing declines in job openings and increases in announced layoffs, we do expect further weakening ahead, with the unemployment rate likely to reach 5.5 percent by the end of 2023.”
–MBA Chief Economist Mike Fratantoni.
MBA News
Today in MBA News: CREF23 in San Diego; MBA School of Mortgage Banking I; MBA Education Residential Future Leaders Program; Nationwide State Licensing System license renewal period. To read more, click on today’s MBA News headline.
Joe Camerieri of Mortgage Cadence: Finding Opportunities in a Downturn: Lessons for 2023
There is a great deal of uncertainty as to the health of the U.S. real estate business in 2023, of course, and we’re all hearing plenty of negative narrative as the industry contracts in the face of lower overall loan volumes. However, that’s not what many lenders are focused on. We’ve spoken to many lenders who are finding bright spots – opportunities amidst the challenges.
Joey McDuffee of Blue Sage Solutions: Smart Lenders Are Seizing Growing Home Equity Opportunities
here are still opportunities to be found amid this difficult market. One of the best opportunities, in fact, are home equity loans, particularly HELOCs, and closed-end seconds as well—products for which borrower demand is still relatively strong. And this opportunity becomes even brighter with the right resources in place.
Mark P. Dangelo: 2023: We Who are About to Die Salute You!
The industry strains and the mitigation strategies demanded in 2023 will not follow traditional cycles of boom and bust—more technology, additional standards, and M&A events. The mortgage industry is being remade, reimaged for the next-gen economies, and the solutions and outcomes will be unfamiliar for many leaders, consultants and outsourcers.
Industry Briefs Dec. 2, 2022: FundMore, VeriFast Partner on Digital Verification
FundMore, Ottawa, Ont., announced a partnership with end-to-end digital verification analytics platform VeriFast.
Redfin: Home Relocation Near Record High
The share of Redfin.com users looking to move to a different metro area is near its record high as high rates and prices up the appeal of affordable places.