NAMMBA, the National Association of Minority Mortgage Bankers of America, holds its annual CONNECT 2022 Conference Sept. 15-17 at the JW Marriott Bonnet Creek Resort & Spa.
Category: News and Trends
JLL Notes Hospitality Market ‘Disconnect’
JLL, Chicago, noted a “disconnect” between hospitality fundamentals, which it called exceptionally strong for many assets, and debt markets, which have been deteriorating meaningfully.
House Prices Begin to Fall from Record Highs
Redfin, Seattle, said the median sale price for U.S. homes came down 0.7% from its record-breaking June peak during the four weeks ending July 10.
FHFA Announces New Office of Financial Technology
The Federal Housing Finance Agency, Washington, D.C., established the Office of Financial Technology to serve as a centralized source of information to support the agency in addressing emerging risks and advancing agency priorities related to fintech.
MBA Weekly Survey July 20, 2022: Mortgage Applications Decrease
Mortgage applications decreased 6.3 percent from one week earlier, reported the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending July 15, 2022.
Dealmaker: Eastern Mortgage Capital Funds $42M Loan in San Antonio
Eastern Mortgage Capital, Burlington, Mass. provided $41.7 million in permanent financing for Class A apartment property Broadway Lofts in downtown San Antonio, Texas.
Jim Rosen of Mortgage Cadence: How the Right Services Strategy Promotes Loan Origination Efficiency
Jim Rosen is Executive Vice-President of Services at Mortgage Cadence and has more than 20 years of experience in the mortgage software and services industry. He has been with Mortgage Cadence for nearly eight years and was instrumental in launch of the company’s new MCP loan origination platform.
Jeff Flory, CMB, AMP, of Baker Tilly: CFPB Increases Scrutiny of Mortgage Servicers as Pandemic Emergency Eases
It is not surprising that the CFPB has increased its scrutiny of mortgage servicers, particularly as the industry moves from a COVID-19 pandemic-induced emergency state to a more normalized servicing environment.
June Purchase Mortgage Applications for New Homes Decreased 12%
Mortgage applications for new home purchases decreased 12 percent compared to a year ago, the Mortgage Bankers Association’s Builder Application Survey reported.
MBA Forecast: Higher Rates, Economic Uncertainty to Slow Commercial/Multifamily Lending
Total commercial and multifamily mortgage borrowing and lending could fall to $733 billion this year, down 18 percent from 2021 totals, according to an updated baseline forecast from the Mortgage Bankers Association.