Independent mortgage banks and mortgage subsidiaries of chartered banks lost an average of $301 on each loan they originated in 2022, down from an average profit of $2,339 per loan in 2021, according to the Mortgage Bankers Association’s Annual Mortgage Bankers Performance Report.
Property taxes on single-family homes grew 3.6% last year, more than double 2021’s 1.6% growth rate, reported ATTOM, Irvine, Calif.
Single-tenant net lease cap rates increased for the fourth consecutive quarter, the Boulder Group reported.
SAN JOSE, Calif.—The mortgage industry wants innovation; tech innovation requires capital. Wall Street investors have unique perspectives on the mortgage industry—and the technology that should support it.
JLL Capital Markets, Chicago, arranged $39 million in acquisition financing for 333 North Street, a warehouse and distribution facility totaling 221,448 square feet in Teterboro, N.J.
As Executive Vice President and Chief Information Officer of Mortgage Connect, LP, a PIttsburgh-based IT company that supports lenders, servicers and institutional investors, Gabr Minton is engaged on the frontline of transforming the mortgage industry into a seamless digital experience for lenders and their customers. He’s also a recipient of an MBA NewsLink 2023 Tech All-Star award.
Meghan Bartholomew is Executive Vice President of Credit and Counterparty Risk Management with Radian, Philadelphia. She discussed Radian’s work with the CONVERGENCE initiative, a place-based partnership focused on narrowing the racial homeownership gap.