MBA Diversity, Equity & Inclusion Presents the next installment of its webinar series, Voices: Courageous Conversations with Men of Color, on Tuesday, June 21, from 3:00-4:15 p.m. ET.
Category: News and Trends
Dealmaker: Dwight Capital Finances $262M
Dwight Capital, New York, closed $261.9 million in transactions.
Life Sciences Job Growth Spreads To Smaller Markets
CBRE, Dallas, said the fast-growing life sciences real estate sector now extends beyond coastal research hubs for which it is mostly known.
Industry Briefs June 14, 2022: OptifiNow Implements CRM Platform for Reverse Mortgage Lender
OptifiNow, Seal Beach, Calif., deployed its custom CRM platform for Reverse Mortgage Lending, a reverse mortgage originator based in San Diego. Reverse Mortgage Lending selected OptifiNow as its CRM platform to manage its marketing campaigns and track loans in process more effectively.
People in the News June 14, 2022: Kathryn Edelen Joins Planet Home Lending as Regional VP
Planet Home Lending LLC, Meriden, Conn., hired Kathryn Edelen as Regional Vice President of Sales. She will manage the Eastern U.S. for Planet and will focus on capturing market share through addition of branches and mortgage loan originators.
Luxury Home Sales See Biggest Decline Since Start of Pandemic
Redfin, Seattle, said sales of luxury U.S. homes fell 17.8% year over year during the three months ending April 30, the largest drop since the onset of the coronavirus pandemic sent shockwaves through the housing market.
Rate Locks Fall Across All Loan Types
Black Knight, Jacksonville, Fla., said despite a leveling off in interest rates, lock volumes fell another 4.8% from April, with monthly declines seen across both rate/term (-23.6%) and cash-out (-11.9%) refinances.
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“When mortgage rates go up, buyers’ budgets go down. And when buyers’ budgets go down, sellers have to meet buyers where they are. Budgets haven’t fallen from a year ago and we don’t expect home-sale prices to fall, either. But the fact that budget growth has slowed so significantly is one sign among many that home-price growth will continue to slow as the year goes on.”
–Redfin Deputy Chief Economist Taylor Marr.
MBA Chart of the Week, June 10, 2022: Rental Housing Market Conditions
Commercial and multifamily real estate – after years of strong and steady growth – is in a period of transition, driven by changes in the space, equity and debt markets.
MBA CREF Market Intelligence Symposium June 15-16
The Mortgage Bankers Association’s annual CREF Market Intelligence Symposium takes place June 15-16.