“The accelerating inflation means there’s a lot more work for the Federal Reserve to do. Another 75-point increase in the federal funds rate is almost assured. Monetary policy tightening is definitely curtailing demand for housing, but we won’t see the ‘inflation benefit’ for a while to come. Bottom line – headwinds abound for the Federal Reserve inflation fight.”
–Odeta Kushi, Deputy Chief Economist with First American Financial Corp., Santa Ana, Calif.
Mortgage applications fell for the second straight week, albeit only slightly, and key interest rates were unchanged, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending July 8.
It is not surprising that the CFPB has increased its scrutiny of mortgage servicers, particularly as the industry moves from a COVID-19 pandemic-induced emergency state to a more normalized servicing environment.
Salesforce is the #1 CRM, bringing companies and customers together in the digital age.
MISMO®, the real estate finance industry standards organization, launched its new dataset standard that maps to a sample Adverse Action Notice form and accompanying XML file.
Jeff Coles is Vice President of Institutional Client Services with Berkadia, Washington, D.C. He leads Berkadia’s Single-Family Rental & Built-for-Rent specialty.
Rising interest rates and increased competition have loan officers scrambling for ways to win deals in today’s market. One tactic that has grown in popularity with borrowers and loan officers is rate lock renegotiations. However, these come at a high cost to lenders, and with margins already being squeezed, what seems prudent from a customer acquisition standpoint may actually work against lenders’ best interests.
Mortgage applications fell for the second straight week, albeit only slightly, and key interest rates were unchanged, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending July 8.
Dwight Capital and its mortgage real estate investment trust affiliate Dwight Mortgage Trust closed $92.1 million for apartments and nursing facilities.
Commercial real estate executives’ market sentiment has dropped dramatically, reported RCLCO, Washington, D.C.
