ANNOUNCEMENT
MBA Offices will be closed this Friday, July 3 in observance of Independence Day holiday (July 4). MBA NewsLink will not publish. On behalf of MBA officers and staff, have a safe and happy holiday.
Mortgage applications fell for the second straight week, albeit slightly, even as key interest rates continued to hover at record lows, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending June 26.
Home prices continued to increase at a modest rate this spring, according to the S&P CoreLogic Case-Shiller Home Price Indexes.
A year ago, the Mortgage Bankers Association launched a strategic initiative to help develop stronger and more effective affordable housing partnerships in both the policy and business arenas. Recently, MBA put that commitment to work in Memphis.
A divided Supreme Court on Monday ruled the current structure of the Consumer Financial Protection Bureau, with power resting with a single director, is unconstitutional, but stopped short of allowing the Trump Administration to dismantle the agency.
The Conference Board, New York, said its Consumer Confidence Index increased in June, after virtually no change in May and sharp drops in March and April.
Moody's Investors Service, New York, said the supply and demand outlook for most property types in the securitized commercial real estate market “fell drastically” in the first quarter.
We have successfully tackled using AI in newer areas, such as tiered contextual responses, voice recognition, biometrics and natural language processing. The fuzziness increases in emerging areas of AI use, including one where it’s especially common in mortgage banking – customer engagement using sentiment analysis and advanced contextual cues.
MBA NewsLink interviewed Bob Wright, CMB, CCMS,about SS&C Technologies’ work-from-home experience and his experience with Coronavirus.
(One of a continuing series of profiles of participants in the MBA Education Path to Diversity (P2D) Scholarship Program, which enables employees from diverse backgrounds to advance their professional growth and career development.)
Keith Soura is a Platform Engineer with Blend, San Francisco, responsible for development of Blend’s core platforms, including APIs and event-driven architecture that power customer and partner integrations.
MBA is proud to recognize its Premier and Select Associate Members and to thank them for their continued support of MBA and the real estate finance industry.
Alliant Credit Union, Chicago, closed a $20.8 million loan to American Landmark Apartments for Atlanta-area multifamily building Bentley at Marietta.
