CONVERGENCE Columbus recently celebrated the launch of Rise Up, a program funded by $5.5 million from the Federal Home Loan Bank of Cincinnati.

Walker & Dunlop, Bethesda, Md., completed a $155 million refinancing deal for the Lexington Hotel, a historic landmark in Midtown Manhattan.

Independent mortgage banks (IMBs) and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $645 on each loan they originated in the first quarter of 2024, a decrease from the reported loss of $2,109 per loan in the fourth quarter of 2023, according to the Mortgage Bankers Association’s (MBA) newly released Quarterly Mortgage Bankers Performance Report.

In the housing market, the seller and the buyer are, in many cases, the same. To buy a new home, you must sell the home you already own.

MISMO, the real estate finance industry's standards organization, launched the Innovation Investment Fee in 2021 to allow lenders to support the important work necessary to foster efficiency, cost reduction, interoperability, digital transformation and innovation in the mortgage process and much more.

One may think it’s counter-intuitive to be discussing recapture at a time where primary mortgage rates are still hovering above 7%, but recapture is still playing a role in MSR pricing.