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Volume 19 Issue 103

Thursday, May 28, 2020

‘Zombie’ Property Stats Hold Steady Amid Foreclosure Moratorium

ATTOM Data Solutions, Irvine, Calif., said the percentage of “zombie” properties—vacant properties facing foreclosure—held steady in the second quarter as nationwide moratoria on foreclosures kept activity to a minimum.

Office Employees Value Flexibility in COVID-19 Era

U.S. employees are re-examining their relationship with their offices due to COVID-19, said CBRE Hana, New York.

MBA: Share of Mortgage Loans in Forbearance Increases to 8.36%

The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey showed loans now in forbearance increased to 8.36% of mortgage servicer volume as of May 17, up from 8.16% the week before. MBA now estimates 4.2 million homeowners are in forbearance plans.

MBA VideOS

MBA Mortgage Market Update

MBA Mortgage Market Update

MBA COVID-19 Consumer Advertising Resources

MBA COVID-19 Consumer Advertising Resources

mPower Moments: Reena Pally on Leadership and Work-Life Balance

mPower Moments: Reena Pally on Leadership and Work-Life Balance

MBA Washington Report 5/22/20

MBA Washington Report 5/22/20

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TOP NATIONAL NEWS

Mortgage Demand From Homebuyers Shows Unexpectedly Strong and Quick Recovery…
Homebuyer Interest Surpasses 2019 Levels. Here’s What It Means for a Real Estate Recovery
Cultivating the Future of Housing
What if It’s an O-Shaped Recovery? Hint: That Would Be Really Bad
Low Mortgage Rates Increasingly Inaccessible for Poor Credit Score Borrowers
As Democrats Urge Pause in Bank Rules, GOP Says Hurry Up
Is the Mortgage Market Really Opening Up for Non-QM Borrowers?
Mortgage Niche Showed Promise for Michigan Bank. Then Coronavirus Hit
Tenants Fear Mass Evictions as Moratoria Expire
COVID-19 to Result in 3% GDP Contraction in 2020: Fund Manager Survey
As Coronavirus Lockdown Rules Ease, Some Want to Keep Working From Home

MBA NEWS

MBA Education Webinar TODAY: Hedging in a COVID-19 World: From Best Efforts to Mandatory
MBA Live – Technology Solutions Conference June 1-2
MBA Education Managing Liquidity for Non-Depositories
MBA Education School of Mortgage Banking II: June 2020: Online (June 1-25)

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STATLINK

Industry Briefs

Black Knight, Jacksonville, Fla., said its McDash Flash Forbearance Tracker, as of May 19, reported 4.75 million homeowners – or 9.0% of all mortgages – have entered into COVID-19 mortgage forbearance plans. Active forbearance volumes increased by just 93,000 over the past week, a more than 70% decline from the 325,000 from the first week of May.

May 27, 2020

MBA Education Path to Diversity Scholar Profile: Nicole Upshur

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(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.)

May 27, 2020

People in the News

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ClearBlu Capital Group, Bellevue, Wash., appointed Vionna Adams as an advisor. She will play a critical role assisting in real estate planning, project management, civil engineering and other advisory services.

May 25, 2020

Private Capital Conversation: A Q&A with ACRES Capital CEO Mark Fogel

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MBA NewsLink interviewed ACRES Capital CEO Mark Fogel about the alternative lending landscape.

May 27, 2020

Improving the Loan Process With eNotes: A Game Changer for Risk Reduction, Processing Speed and Overall Efficiency

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Paper promissory notes have long been the mortgage industry standard. But should they be? The electronic equivalent, eNotes, are quickly rising in popularity; over 124,000 were filed in 2019, a huge jump from the 18,000 filed in 2018 and 5,000 in 2017. It’s not hard to see why they’re so in demand —eNotes are faster, cheaper and more secure.

May 27, 2020

John Walsh: Tax Service – A New Era

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For decades, tax service has gone unchanged. There are many efforts to change this dynamic; layering in new technology for servicers to engage with their tax vendor and improving transparency in a historically monochromatic space.

May 27, 2020

Andrew Foster: Mezzanine Market Musings

The commercial real estate mezzanine loan market is ripe with interesting market developments this year.

May 27, 2020

Dealmaker: Cushman & Wakefield Arranges $59M Office Sale

Cushman & Wakefield, Chicago, arranged the $58.5 million sale of a newly constructed Class A office building in Charlotte, N.C.

May 27, 2020

Purchase Applications Drive MBA Weekly Survey

Mortgage applications, buoyed by strong purchase application activity and stable, low interest rates increased from one week earlier, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending May 22.

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Publisher: Marcia Davies, Chief Operating Officer

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