The real estate market is bifurcating, the Urban Land Institute and PwC US reported. Some aspects are reverting to pre-covid patterns while others have permanently shifted to the post-pandemic new normal.
Category: News and Trends
Dealmaker: Barings Provides $12M For Brooklyn Affordable Housing Property
Barings, Charlotte, N.C., provided $11.5 million in permanent financing for Euclid Glenmore Apartments, an affordable multifamily housing development in Brooklyn’s East New York neighborhood.
The Week Ahead, Oct. 31, 2022: All Eyes on The Fed
Good morning, and happy Monday! We’re back from Nashville, where more than 4,000 real estate finance professionals gathered last week for the Mortgage Bankers Association’s Annual Convention & Expo.
MBA Education Recognizes 47 Certified Mortgage Banker Graduates
NASHVILLE—MBA Education, the award-winning education division of the Mortgage Bankers Association, recognized 47 individuals who earned the Certified Mortgage Banker (CMB®) designation at a ceremony held here at the MBA 2022 Annual Convention & Expo.
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.
CREF23 in San Diego Feb. 12-15
The MBA Commercial/Multifamily Finance Convention & Expo–CREF23–takes place Feb. 12-15 at the Manchester Grand Hyatt in San Diego.
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.
Quote
“Until this month, the pullback in the housing market could be described as something of a return to pre-pandemic conditions before sub-3% mortgage rates ignited a homebuying frenzy in 2020 and 2021.”
–Redfin Deputy Chief Economist Taylor Marr.
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 …
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.