BREAKING NEWS
MBA Mortgage Credit Availability Index Rises in February to 9-Month High
Mortgage credit availability increased in February to its highest level in nine months, the Mortgage Bankers Association reported Thursday.
ATTOM, Irvine, Calif., reported properties with foreclosure filings rose in February, but not a pace to cause alarm.
Redfin, Seattle, reported a record 8.2% of U.S. homes—six million—valued at $1 million or more in February, up from 4.8% (3.5 million) two years earlier, just before the coronavirus was declared a pandemic.
It’s not exactly a workers’ paradise, but with businesses struggling to hire employees and the “Great Resignation” in full swing, workers still have the upper hand, albeit a little less so than previously, according to the Bureau of Labor Statistics.
Institutional investors expect last year’s commercial real estate momentum to carry over into this year and next, the Pension Real Estate Association reported.
Chatham Lodging Trust, West Palm Beach, Fla., acquired the beachside 111-room Hilton Garden Inn Destin Miramar Beach in a $31 million off-market transaction.
When you achieve great success as a lender, everyone wants to know your secret—but there really isn’t one. There are many ways to run an enterprise, but at the end of the day, every business must be about the customer. The ultimate goal, however, is building customers for life.
It’s no secret that our industry has an age problem. More and more of our leadership is aging out and retiring…while more and more students graduate from college with debt, a degree and no real plan forward after the cap and gown ceremony. This is a great opportunity to grab the attention of young, ambitious talent that needs guidance in not only financial education but also career development - specifically in the real estate and finance market.
David Leopold, Senior Vice President and Head of Affordable Housing at Berkadia, manages all facets of Berkadia Affordable Housing, an integrated business that includes mortgage banking, investment and sales advisory services and tax credit syndication. He joined Berkadia in 2019 to lead integration of Berkadia’s Affordable Housing platform.
In this ongoing article series, we report on mortgage and credit union vendor marketplace vendors, events and trends and share our viewpoints. Today’s article focuses on two vendors that have spent ample time meticulously building platforms and offerings for the servicing and secondary market conditions we are swiftly migrating toward.
It’s no big secret that there has been an increasing number of mergers and acquisitions in the mortgage technology space over the past couple of years, and it should be no surprise why. The mortgage process remains costly, slow, deeply rooted in manual processes and much of it still involves paper documents instead of digital data.
Mark Walser is President of Incenter Appraisal Management, Charlotte, N.C., a national AMC and creator of the RemoteVal remote/desktop appraisal technology platform.
The Mortgage Bankers Association's Secondary & Capital Markets Conference & Expo returns to the Marriott Marquis in Times Square, New York City, from May 15-18.
