The Mortgage Bankers Association announced members of its advisory councils for affordable rental housing and homeownership for 2021. The advisory councils were formed in 2019 to provide important strategic and practical guidance to MBA’s CONVERGENCE Initiative, the association’s affordable housing effort.

Another busy week is shaping up on Capitol Hill. President Joseph Biden Jr.’s nominee for Director of the Consumer Financial Protection Bureau, Rohit Chopra, appears (remotely) before the Senate Banking Committee this Tuesday, Mar. 2. Also appearing is Gary Gensler, Biden’s nominee for the Securities and Exchange Commission.

Alliant Credit Union, Chicago, closed $66.6 million in financing for multifamily properties in Alabama and Illinois.

Spring EQ, Philadelphia, hired Saket Nigam as senior vice president of capital markets. He will be responsible for leading the company’s continued growth in the consumer-direct and wholesale mortgage markets for first and second mortgage products.

Daren Blomquist is vice president of market economics with Auction.com., Irvine, Calif. He analyzes and forecasts complex macro and microeconomic data trends within the marketplace and greater industry to provide value to both buyers and sellers using the Auction.com platform.

Snapdocs is a mortgage technology company that is hyper-focused on defragmenting the critical last mile in the loan origination lifecycle, the closing process.

At some point in the future, however, it’s inevitable that the market will shift—and it’s not too soon to prepare. And just as outsourcing has helped many originators overcome unprecedented capacity issues while volumes are high, it may again prove to be the best strategy for organizations transitioning to the next market environment.

As the anniversary of COVID significantly impacting the U.S. and commercial/multifamily property markets passes, challenging questions about property values remain top of mind.