Office-using employment increased this year, but office absorption remains negative, reported Cushman & Wakefield, Chicago.
Category: News and Trends
Dealmaker: iBorrow Provides $25M Bridge Loan in Atlanta
iBorrow, Los Angeles, provided a $24.9 million bridge loan to refinance a 173-key Holiday Inn Express & Suites asset in downtown Atlanta, Ga.
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“With inflation still running far too high, and the job market remaining strong, MBA expects the Fed to increase rates by another 75 basis points before holding them steady throughout 2023.”
–Mike Fratantoni, Chief Economist with the Mortgage Bankers Association.
MBA Weekly Survey Nov. 2, 2022: Applications Fall 6th Straight Week
Despite a slight drop in mortgage rates, mortgage applications fell for the sixth straight week, although refinance applications ticked up, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending October 28.
MISMO Seeks Public Comment on Application Threshold Decision Model and White Paper
MISMO®, the real estate finance industry standards organization, tseeks public comment on a new Application Threshold Decision Model and White Paper. The 30-day comment period runs through December 1.
People in the News Nov. 3, 2022: Wells Fargo Names Kristy Fercho to Lead Diversity Efforts
Wells Fargo, San Francisco, announced Kristy Fercho, head of Wells Fargo Home Lending, has been named the company’s new head of Diverse Segments, Representation and Inclusion, responsible for integrating diversity, equity and inclusion into every aspect of the company’s business and delivering marketplace and workplace outcomes.
Katie Parsons of JLL on Today’s Industrial Sector
Katie Parsons is Managing Director and Head of the Industrial Sector for JLL Valuation Advisory, which conducts assignments throughout the United States across property types including warehouse/distribution centers, manufacturing, cold storage, food/beverage processing facilities, truck terminals, R&D facilities, industrial yards, business parks and airport-related facilities.
Call for Speakers: MBA Technology Solutions Conference & Expo; Deadline Nov. 4
Speaking opportunities for breakout sessions are now being accepted for The Mortgage Bankers Association’s Technology Solutions Conference & Expo 2023, taking place April 2–5 at the San Jose McEnery Convention Center in San Jose, Calif.
Sharon Reichhardt of ACES Quality Management: Changes to Fannie Mae’s Pre-Funding QC Requirements are on the Horizon. Are You Ready?
At the recent Mortgage Bankers Risk Management, Quality Assurance and Fraud Prevention conference, Fannie Mae hinted at forthcoming changes to its pre-funding quality control requirements. While specifics regarding the changes remain to be seen, the teaser serves as a warning for lenders to shore up their current pre-funding QC program to ensure they are ready to meet the new standards.
MBA Commercial/Multifamily DEI Leadership Awards Deadline Nov. 4
MBA recognizes commercial/multifamily members that show leadership in the areas of Diversity, Equity and Inclusion internally through market outreach efforts. As the world continues to evolve, DEI programs are more important than ever before. The Commercial/Multifamily entry period is now open, and will close on November 4.