Greystone, New York, and Cushman & Wakefield, Chicago, provided acquisition financing for, and arranged the sale, respectively, of a 312-unit multifamily property in Burtonsville, Md.
Category: News and Trends
Zillow: Late May Best Time to Sell Home
Zillow, Seattle, analyzed 2024 home sales, finding home sellers who listed their home for sale in the second half of May fared the best.
Carrington Mortgage Services’ Elizabeth Balce Testifies on VA Home Lending
Elizabeth Balce, Executive Vice President of Servicing, Carrington Mortgage Services, testified Tuesday at a legislative hearing before the Committee on Veterans’ Affairs Subcommittee on Economic Opportunity.
ULI & RCLCO: Households Face Significantly Higher Cost Burdens Than a Decade Ago
Housing cost burden is increasing across the country. In nearly every major market, households earning under $50,000 are significantly more cost-burdened than they were 10 years ago, according to the Urban Land Institute and RCLCO.
Quote of the Day
“MBA supports the partial claim program in the VA Home Loan Program Reform Act. However, several changes are needed to ensure the program is workable and provides maximum benefit to veterans.”
–Carrington Mortgage Services’ Elizabeth Balce, testifying on Capitol Hill on Tuesday
Industry Briefs, March 12, 2025
Industry news from Redfin, Rocket Cos., Xactus, Polly, Uplist, Cordless.co, LendingPad, Mortgage Capital Trading, Blend, TransUnion, TrueWork, Calque and STRATMOR Group.
Debunking Myths About Manufactured Housing
Built efficiently in off-site facilities and regulated by federal construction standards that supersede state and local codes, modern manufactured homes are cost-effective, energy efficient and quicker to build than traditional site-built housing.
MBA NewsLink Q&A with Service 1st’s Curtis Knuth
MBA NewsLink recently interviewed Curtis Knuth, President & CEO of Service 1st, an NCS/National Credit-Reporting System company. He discussed the challenges for lenders to qualify borrowers with incomes from today’s gig economy and the outlook for AI in the mortgage business.
Housing Sentiment Down Year Over Year for First Time Since 2023, Fannie Mae Finds
Fannie Mae’s Home Purchase Sentiment Index decreased 1.8 points in February to 71.6, driven largely by consumers’ increased pessimism that mortgage rates will go down in the next year.
Mortgage Credit Availability Increased in February
Mortgage credit availability increased in February according to the Mortgage Credit Availability Index, a report from the Mortgage Bankers Association that analyzes data from ICE Mortgage Technology.