As the federal government and other high profile financial services providers have embraced the cloud, lenders increasingly consider open banking a safe and efficient option to hosting services in their own data centers. This is a positive development for reasons that benefit borrowers and lenders alike.
Category: News and Trends
CFPB Issues Personal Financial Data Rights Rulemaking
The Consumer Financial Protection Bureau on Thursday outlined options it said are designed to strengthen consumers’ access to, and control over, their financial data.
CoreLogic: Serious Mortgage Delinquency Rate Returns to Pre-Pandemic Low
CoreLogic, Irvine, Calif., said 2.8% of all mortgages in the U.S. were in some stage of delinquency (30 days or more past due, including those in foreclosure), a 1.2 percentage point decrease from 4% a year ago.
‘Zombie’ Foreclosures Up; Remain Small Portion of Housing Market
ATTOM, Irvine, Calif., reported 1.3 million residential properties in the United States sit vacant, representing 1.26 percent, or one in 79 homes, across the nation.
Dealmaker: NewPoint Real Estate Capital Provides $35M in Multifamily Bridge Financing
NewPoint Real Estate Capital LLC, Plano, Texas, provided a $35.3 million bridge loan to River Rock Capital, New York, for a 198-unit multifamily community.
Initial Claims Edge Up
Initial claims for unemployment insurance ticked up last week, the Labor Department reported Thursday.
LEED-Certified Office Buildings Command Higher Rents
CBRE, Dallas, reported LEED-certified office buildings command a rent premium over their non-certified peers as the market endures the reverberations of the COVID-19 pandemic and remote work.
Robust Spending Boosts 3Q GDP
After two quarters in negative territory, real U.S. gross domestic product swung positive in the third quarter, according to the first (advance) estimate released by the Bureau of Economic Analysis Thursday.
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.
MBA Accounting & Financial Management Conference in Phoenix Nov. 8-10
The Mortgage Bankers Association’s annual Accounting and Financial Management Conference takes place Nov. 8-10 at the JW Marriott Phoenix Desert Ridge.