U.S. commercial mortgage real estate investment trusts’ earnings will likely continue to trend modestly higher into 2023 as the sector remains predominantly asset-sensitive, reported Fitch Ratings, New York.
Category: News and Trends
Dealmaker: Tempus Realty Partners Acquires Lane Bryant Campus for $42M
Tempus Realty Partners, Little Rock, Ark., acquired Lane Bryant’s 236,070-square-foot campus in New Albany, Ohio for $42 million.
Patrick Kehoe of Messagepoint: Why Now is the Time to Bring Control Over Your Borrower Communications Back In-house
Today’s communications systems make it possible for mortgage servicers to take back control with business users at the helm over the authoring and management process through the point of sending it to the printer or digital systems that deliver or mail the communication. This gives servicers the opportunity to lower costs, reduce operational risk, and set up for a thriving digital future.
Mark P. Dangelo: Data Ecosystems and Fabrics are the New ROI—Not Systems
Why does innovation and technology ROIs continue to disappoint? ROI efficacy has become the symptom of the problem as the bullseye of measure is no longer fixed on the application, the cloud solution, or the innovation delivered. The rise of digital ecosystems has permanently altered the ROI discussions and evaluations—and the investment strategies deployed.
David Arnett of Cherry Creek Mortgage: Engaging Millennials and Single Women Despite a Down Market
There’s been a lot of research done on the impact Millennials and single women are having on the housing market. Yet there’s not a lot of solid advice on how to attract and engage these audiences, which is a shame considering how important they are to an originator’s business. But there are effective ways to get your message across if you’re willing to rethink your current marketing strategy.
Brian Webster of NotaryCam: Create a Winning Closing Experience with RON
When faced with two or more similar options, consumers often choose based on which option is better suited to fit their lifestyle. For lenders wanting to ensure their spot at the top of the rankings, providing a superior closing experience is an essential part of the game plan, of which remote online notarization is a key element.
MBA Weekly Survey Nov. 16, 2022: Rates Fall; Applications Up 1st Time in 8 Weeks
Mortgage applications rose for the first time in eight weeks as mortgage rates fell back below 7 percent, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending Nov. 11.
FHA 2022 Actuarial Report Shows Continued Improvements in Capital Ratio, HECM Performance
The Federal Housing Administration on Tuesday released its Annual Actual Report on the status of its Mutual Mortgage Insurance Fund, showing an increase in congressionally mandated capital reserve ratios, lower delinquency levels and a decrease in borrowers in forbearance plans.
Q/A: Nick Smith of Rice Park Capital Management
Nick Smith is Founder, Managing Partner and CEO of Rice Park Capital Management, a private investment firm managing various investment vehicles and venture capital funds on behalf of institutional investors, family offices and high net worth individuals.
Quote
“New home purchase activity weakened on a monthly and annualized basis in October, as the sharp jump in mortgage rates to nearly 7 percent reduced both overall demand and the purchasing power for many prospective buyers. The moderation in loan amounts is attributed to slower home-price growth and buyers stepping away from higher-priced homes.”
–Joel Kan, MBA Vice President and Deputy Chief Economist.