BREAKING NEWS
MBA: Loans in Forbearance Falls 6th Straight Week to 4.66%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 24 basis points to 4.66% of servicers’ portfolio volume as of Apr. 4, from 4.90% the prior week. MBA now estimates 2.3 million homeowners are in forbearance plans.
CoreLogic, Irvine, Calif., said while mortgage delinquencies rose month over month in January, overall delinquency rates fell for the fifth straight month to the lowest level since last March.
Refinance activity increased sharply for Millennial borrowers in February, according to the ICE Mortgage Technology Millennial Tracker.
PwC, New York, and the Urban Land Institute, Washington, D.C., said COVID-19 is accelerating existing commercial real estate trends such as digitalization and online shopping.
In this article, we’ll discuss how electronic data interchange (EDI) and robotic processing automation (RPA) technology are helping mortgage servicers improve the efficiency of their LPI process.
George Smith Partners, Los Angeles, placed $31.6 million in permanent financing for an office building in the Salt Lake City, Utah area.
The mortgage business is inherently transactional and cyclical, with ever-changing rates, high-highs and low-lows, and this trend is not expected to change any time soon. The circumstances due to the pandemic mirror those of the economic downturn in 2008, and in both situations, it was crucial to have formed two-way partnerships with others in the industry who had a vested interest in mutual success and propelling both businesses forward.
Interest in life sciences real estate has jumped during the current public health crisis. MBA NewsLink interviewed JLL Executive Director of U.S. Life Sciences Markets Travis McCready, Managing Director Zach Bowyer and Senior Vice President Erik Hill about the sector.
Jim Cameron is a senior partner with STRATMOR Group, a mortgage advisory firm, where he specializes in benchmarking and performance measurement, strategic planning and managing STRATMOR’s workshop program. He has 30 years of leadership experience in the mortgage industry and was instrumental in working with the MBA to develop the industry-standard benchmarking program known as the MBA and STRATMOR Peer Group Roundtables (“PGR”) Program.
Greystone, New York, announced Imran Ahmed joined the firm as a Senior Managing Director, responsible for expanding Greystone’s corporate finance activities, including development of global corporate and investment banking and institutional capital relationships.
As U.S. housing and real estate markets exceed $36 trillion and operating plans continue to reflect growth, the crumbling of the business-as-usual foundations because of big data and innovation acceleration will lead many banking and lending organizations to make the wrong decisions in 2021 by ignoring their customer value across the supply chain.
The Mortgage Bankers Association's Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG) Nominating Committee seeks members' recommendations for individuals to serve on the Board beginning this October in the Investor, Lender, Mortgage Banker and Servicer categories.
