Institutional Property Advisors, Ontario, Calif., sold a Boca Raton, Fla. office building for $9.5 million.
Category: News and Trends
Duwaine Thomas, Patrick Kehoe on Communicating with Customers
Duwaine Thomas is an executive consultant with Newbold Advisors, serving a portfolio of national housing finance organizations. Patrick Kehoe drives product strategy in collaboration with the product development team at Messagepoint, a provider of customer communications management software.
MBA Chart of the Week Sept. 23, 2022–Fed Dot Plots
In response to inflation continuing to run well above its target of 2%, the Federal Reserve this week again raised the federal funds target by 75 basis points. Now at 3%, the rate above what most FOMC members consider to be the long-term level and should be effective in reducing demand and slowing inflation over time.
MBA Advocacy Update Sept. 26 2022
On Wednesday, MBA President and CEO Bob Broeksmit, CMB, joined a small group of industry and affordable housing leaders at the White House for a constructive meeting on ways to address housing supply and affordability challenges across the country. On Tuesday, MBA member David Battany, Executive Vice President of Capital Markets at Guild Mortgage, testified before a Senate subcommittee on USDA’s Rural Housing Service lending program.
Quote
“High-end-house hunters are getting sticker shock when they see the impact of rising mortgage rates on paper. For a luxury buyer, a higher interest rate can equate to a monthly housing bill that’s thousands of dollars more expensive.”
–Daryl Fairweather, Chief Economist with Redfin, Seattle.
Tony Thompson, CMB, of NAMMBA: Partnerships are More Than Just Warm and Fuzzy
“Doing” Diversity, Equity, and Inclusion (DEI) might not have been on your radar when you started working in the real estate finance industry.
Sponsored Content from Boston National Title: A Better Title Solution for Increased Default Volume
While no one knows exactly what the next 12–18 months will look like, everyone can be better prepared to deal with default.
MISMO Call for Participants for New Commercial Community of Practice
MISMO®, the real estate finance industry standards organization, issued a call for participants for a new Commercial Community of Practice focused on monitoring commercial and multifamily industry trends and exploring potential standards for commercial and multifamily initiatives.
MBA Home For All Pledge Partner: MGIC
(One in a series of profiles of MBA member companies that have signed the MBA Home For All Pledge, an initiative to promote inclusion in housing.)
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.