As the mortgage industry continues to experience substantial changes, such as rising interest rates, home affordability issues, and an influx of layoffs for mortgage professionals, the entire industry is recognizing the need to adjust its operational strategies. Mortgage professionals need to be agile, quick and flexible to keep pace with the changing market, regulatory pressures, and borrower preferences.
Category: News and Trends
Commercial Property Price Growth Trends Slower
U.S. commercial property prices increased in August, but at the slowest pace seen this year, reported Real Capital Analytics, New York.
Black Knight: August Home Prices Down Nearly 1%
Black Knight, Jacksonville, Fla., said home prices fell in August for the second straight month.
Typical Homebuyer’s Mortgage Payment Up 15% Since Mid-August
Talk about a wallop to the wallet: the typical homebuyer’s monthly mortgage payment has climbed $337 (15%) over the past six weeks, according to a report from Redfin, Seattle.
Construction Spending Posts Biggest Drop in 18 Months
Construction spending fell by 0.7 percent in August, the Commerce Department reported Monday, the second consecutive decline and the biggest drop since February 2021.
Dealmaker: George Smith Partners Secures $15M For Office-Retail Property
George Smith Partners, Los Angeles, secured a $15.4 million loan commitment to refinance a 381,754-square-foot Los Angeles office and retail building.
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.
‘Coach K’ to Keynote MBA Annual22
Using insights, inspirations and proven principles he has applied to his legendary teams and coaching career, Mike Krzyzewski (“Coach K”) sits down with 2023 MBA Chairman Matt Rocco to discuss clear, passionate guidelines on reaching for and achieving success at the MBA Annual Convention & Expo on Tuesday, Oct. 25.
MBA: Commercial/Multifamily Lending Expected to Fall in 2022 Amid Ongoing Economic Uncertainty
The Mortgage Bankers Association, in an updated baseline forecast, said total commercial and multifamily mortgage borrowing and lending is expected to fall to $766 billion this year, down 14 percent from 2021 totals ($891 billion).
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“After dropping approximately 5% in the second quarter, property pricing looked like it had found its footing. But Treasury yields have increased quite a bit over the past few weeks, and that’s bound to put pressure on cap rates. Property pricing looks rich when it’s compared to bond yields.”
–Peter Rothemund, Co-Head of Strategic Research with Green Street, Newport Beach, Calif.