ANNOUNCEMENT
The MBA Association Management System has been updated; you may resume activities on the MBA website and MyMBA.
Commercial/multifamily mortgage debt outstanding rose by $61.0 billion (1.7 percent) in the first quarter, according to the Mortgage Bankers Association’s quarterly Commercial/Multifamily Mortgage Debt Outstanding report.
Last week, the Consumer Financial Protection Bureau released two Notices of Proposed Rulemaking revising Regulation Z’s QM provisions in response to the scheduled expiration of the GSE Patch on January 10, 2021. The CFPB also issued an Interim Final Rule that will facilitate servicers’ ability to offer streamlined deferral options to borrowers as they exit COVID-19-related forbearance.
American workers filed 1.5 million new applications for jobless benefits last weeks, the Labor Department reported Friday—the third consecutive week at that level, but still at historically high levels in the wake of the coronavirus pandemic.
This week’s chart shows how the U.S. Census Bureau’s new home sales series has compared to our Builder Applications Survey data from 2019 through May 2020. The BAS has been a reliable leading indicator of Census’ new home sales data.
Real Capital Analytics, New York, reported commercial property sales sank again in May as the COVID-19 crisis kept investors on the sidelines.
The Mortgage Bankers Association’s Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG) nominating committee is soliciting MBA members’ recommendations for individuals to serve on the Board beginning in October.
(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.
For years, you took great care to build your list. Clients, and also prospects that didn’t quite become clients yet, but whom you fully intend to make into a client one day. You actually spent quite a bit of money getting the list together. To keep your prized possession whole, you spend quite a bit of time maintaining it. But… have you cracked the code on how to make this pay off for you? Sure: you love returning clients, but are you capitalizing on your list structurally?
U.S. Mortgage Insurers, an association representing private mortgage insurance companies, said its annual state-by-state report on low down payment mortgage lending found saving for a 20 percent down payment could take potential homebuyers 21 years -- three times the length of time it could take to save a 5 percent down payment.
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.
Dwight Capital, New York, closed $63 million in multifamily loans in Oregon, Arizona and Massachusetts.
