Northmarq, Minneapolis, secured $26.7 million to refinance office and retail properties in Virginia and California.
Category: News and Trends
Initial Claims Rise from 4-Month Low
Initial claims for unemployment insurance rose last week, the Labor Department reported Thursday, but remained near pre-pandemic lows.
Record Share of Homebuyers Relocate, Driven by Moves Away from Expensive Coastal Areas
A record 33.9% of Redfin.com users nationwide looked to move from one metro to another in July and August, up from 32.6% in the second quarter and 26% before the pandemic.
2Q Home-Flipping Rate Declines Following Year of Increases
ATTOM, Irvine, Calif., released its second-quarter U.S. Home Flipping Report, showing 115,198 single-family houses and condominiums in the United States flipped in the second quarter.
People in the News Sept. 23, 2022: Fannie Mae Names Anthony Moon EVP/Chief Risk Officer
Fannie Mae, Washington, D.C., appointed Anthony Moon as Executive Vice President and Chief Risk Officer, responsible for Fannie Mae’s Enterprise Risk Management, which oversees the company’s governance and strategy for global risk management.
Industry Briefs Sept. 23, 2022: CFPB Annual Report Shows End to Refi Boom, Rise in Home Purchase Loans
The Consumer Financial Protection Bureau released its annual report on residential mortgage lending activity and trends for 2021. The report shows a shift from refinance loans in 2020 to home purchase loans in 2021, with a greater share of home purchase loans going to Asian, Black and Hispanic white borrowers
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.
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.
Jason Doshi of Paymints.io: In the Battle against Margin Compression, Don’t Overlook These Opportunities
While lenders are doing their best to leverage new technology in the battle against cost and inefficiency, for many, the efforts are almost entirely an in-house effort. Considering that production of a mortgage lies in the hands of multiple entities—the lender, perhaps a mortgage broker, the title and closing company, the appraiser and the like—that may well be a mistake.
A Decade in the Making: KBRA on SFR Trends and Outlook
KBRA, New York, recently published a report, SFR Securitizations: A Decade in the Making, analyzing the sector’s evolution and growth. MBA Newslink interviewed the report’s authors about the factors driving the sector’s growth.