Moody’s Investors Service, New York, said the supply and demand outlook for most property types in the securitized commercial real estate market improved slightly in the second quarter.
Category: News and Trends
MBA Comments on Prudent Commercial Real Estate Loan Accommodations and Workouts
The Mortgage Bankers Association commented on a proposed policy statement on commercial real estate loan accommodation and workouts published by the Office of the Comptroller of the Currency, the Federal Deposit Insurance Corp. and the National Credit Union Administration.
Home Price Appreciation Losing Steam
CoreLogic, Irvine, Calif., said year-over-year home price growth slowed for the fourth consecutive month, with more metro areas likely to see further decreases in the coming months.
Rita Moreno Keynotes mPower Event at MBA Annual22
Rita Moreno–Academy Award-winning actress, dancer and singer and recipient of the Presidential Medal of Freedom–keynotes the mPower Event at the Mortgage Bankers Association in Nashville, Tenn.
MBA, CoreLogic Establish Frank Nothaft Memorial Fellowship Fund
The Mortgage Bankers Association and CoreLogic, Irvine, Calif., announced establishment of the Dr. Frank Nothaft Memorial Fellowship Fund at Columbia University, in honor of the longtime CoreLogic Chief Economist who passed away suddenly in June.
Dealmaker: Intercontinental Real Estate Corp., MG Properties Acquire California Multifamily for $88M
Intercontinental Real Estate Corp., Boston, and MG Properties, San Diego, acquired The Lexington Apartments in Agoura Hills, Calif. for $87.3 million.
Sponsored Content from ACI Worldwide: The Shift to Mobile: Mortgage Borrowers’ Evolving Payment Preferences
Consumer research sheds light on shifting payment trends offering lenders opportunities to improve customer engagement and drive more self-serve.
Chris Joles of Planet Home Lending: Finding the ‘S’ in Mortgage Banking
Although it’s called Social, the S in ESG isn’t about social media so much as it’s about social intelligence and social responsibility.
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“The 30-year fixed rate hit 6.75 percent last week – the highest rate since 2006. The current rate has more than doubled over the past year and has increased 130 basis points in the past seven weeks alone. The steep increase in rates continued to halt refinance activity and is also impacting purchase applications, which have fallen 37 percent behind last year’s pace.”
–Joel Kan, MBA Associate Vice President of Economic and Industry Forecasting.
Jim Voth of Falcon Capital Advisors on Digital Mortgage Adoption
Jim Voth leads the Digital Mortgage practice at Falcon Capital Advisors, Washington, D.C., where he manages digital transformation engagements for GSE, government and banking clients.