Colliers, Toronto, reported the office market paused in the first quarter following two quarters of occupancy gains. But the overall trend points toward stabilization, the firm noted.
Category: News and Trends
FHFA Publishes Final Rule on GSE Capital Plans
The Federal Housing Finance Agency published a final rule that supplements the Enterprise Regulatory Capital Framework by requiring Fannie Mae and Freddie Mac to submit annual capital plans to the Agency and provide prior notice for certain capital actions.
April Construction Edges Up
Construction spending improved slightly in April, by 0.2 percent from March—but below expectations., the Census Bureau reported Wednesday.
Job Openings Hold at Near-Record Highs; Another 4.4 Million Quit
Nearly 4.4 million Americans quit their jobs in April, keeping U.S. job openings at a near-record 11.4 million, the Bureau of Labor Statistics reported Wednesday.
Dealmaker: Newmark Sells Palo Alto Office for $39M
Newmark, New York, sold 250 Cambridge, a three-story Palo Alto, Calif. office building, for $39.3 million.
Clint Salisbury of Wolters Kluwer: Improving the Lender Experience with Digital Mortgage Innovation
First impressions are important, but last impressions can have a bigger impact. The closing ceremony is often one of the borrower’s last interactions with the lender, making it one of the most important steps in the mortgage process in relation to the borrower’s experience.
Home Values in ‘Opportunity Zones’ Keep Pace with National Gains
Home values in federal and state Opportunity Zone Redevelopment Areas—the controversial zones created in 2017 to spur economic development—are keeping up with nationwide home values, reported ATTOM, Irvine, Calif.
Industry Briefs June 2, 2022: Talk’uments Launches Digital Language Services in Six Languages
Limited English Proficiency technology provider Talk’uments, Chevy Chase, Md., now offers digital language services to mortgage lenders in English, Spanish and Mandarin (Chinese), and plans to introduce services in Vietnamese, Korean and Tagalog by the end of the year.
MISMO Seeks Public Comment on Life of Loan Process Model
MISMO®, the real estate finance industry standards organization, seeks public comment on its latest version of the MISMO Life of Loan Process Model. The 60-day comment period will run through August 1.
NAMMBA Presents CONNECT 2022 in Orlando Sept. 15-17
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.