Without proper risk management, many default servicing scenarios are at risk of ending in foreclosure–which no one wants to see–Cornerstone Servicing’s Toby Wells writes.
Category: News and Trends
Dealmaker: BWE, Blueprint Healthcare Secure $18M for Pacific Northwest Memory Care Properties
BWE and Blueprint Healthcare Real Estate Advisors closed two loans totaling $17.8 million for two memory care communities in Washington and Oregon.
Chart of the Week: Monthly Payroll Growth, Unemployment Rate and Average Hourly Earnings
The April Employment Situation report showed that the job market continues to hold up.
Quote of the Day
“In April, job gains were concentrated in just a few sectors, including health care and transportation and warehousing.”
–MBA SVP and Chief Economist Mike Fratantoni
Get Featured in MBA NewsLink: Premier Associate Member Spotlights & White Paper Q&As
Looking to elevate your company’s brand and thought leadership within the mortgage industry? With more than 50,000 subscribers to MBA NewsLink, you can boost your brand visibility and showcase your expertise here.
Auction.com: Foreclosure Auction Volume Hits Six-Quarter High in Q1
Auction.com, Irvine, Calif., found foreclosure auction volume was up 4% annually in the first quarter, to notch a six-quarter high.
CMBS Delinquency Rate Rises in April
Trepp, New York, reported its CMBS delinquency rate rose again in April, up 38 basis points to 7.03%.
Redfin: Gap Between Asking Price, What Buyers Willing to Pay Creeps Higher
Redfin, Seattle, released a report finding that the prices home sellers are asking for and the prices that homebuyers are paying diverge by $39,000–the largest gap since May 2020.
Construction Spending Dips in March
Construction spending dipped during March, the U.S. Census Bureau reported Thursday.
John Lammle Joins MBA as Associate Vice President of Commercial Real Estate Finance
The Mortgage Bankers Association announced that John Lammle has joined the association as Associate Vice President of Commercial Real Estate Finance.