Many prospective homebuyers fear the long-term consequences of renting, including 70% who feel they’re not making a long-term investment in their future, and 72% who worry that rent increases could affect their finances, according to a new Bank of America report.
Tag: Bank of America
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70% of GenX, Baby Boomers Plan to Stay Put in Retirement
Bank of America, Charlotte, N.C. said its data show 70% of Gen X and Baby Boomers—who account for 70% of the 84.7 million owner-occupied homes in the country—are planning to stay where they are, not just for now, but into retirement.
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Dealmaker: Summit Hotel Properties Acquires New Orleans Hotel for $56M
Summit Hotel Properties, Austin, Texas, acquired the 176-guestroom Canopy by Hilton New Orleans Downtown for $56 million in a joint venture with Singapore sovereign wealth fund GIC.
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MBA Recognizes 2020 Diversity and Inclusion Residential Leadership Award Winners
The Mortgage Bankers Association announced during its virtual 2020 Annual Convention & Expo that seven companies have been recognized as 2020 Diversity and Inclusion Residential Leadership Award recipients.
![](https://newslink.mba.org/wp-content/themes/mba-newslinks/assets/img/logos/logo-mba-newslinks.png)
MBA Announces 2020 Diversity and Inclusion Residential Leadership Award Winners
The Mortgage Bankers Association announced during its virtual 2020 Annual Convention & Expo that seven companies have been recognized as 2020 Diversity and Inclusion Residential Leadership Award recipients.
![](https://newslink.mba.org/wp-content/themes/mba-newslinks/assets/img/logos/logo-mba-newslinks.png)
MBA Announces 2020 Diversity and Inclusion Residential Leadership Award Winners
The Mortgage Bankers Association announced during its virtual 2020 Annual Convention & Expo that seven companies have been recognized as 2020 Diversity and Inclusion Residential Leadership Award recipients.
![](https://newslink.mba.org/wp-content/themes/mba-newslinks/assets/img/logos/logo-mba-newslinks.png)
JLL, Wells Fargo Lead MBA 2019 Commercial/Multifamily Mortgage Firm Origination Volume Rankings
JLL, Wells Fargo and Eastdil Secured ranked as top commercial/multifamily mortgage originators last year, the Mortgage Bankers Association said today.
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JLL, Wells Fargo Lead MBA 2019 Commercial/Multifamily Mortgage Firm Origination Volume Rankings
JLL, Wells Fargo and Eastdil Secured ranked as top commercial/multifamily mortgage originators last year, the Mortgage Bankers Association said today.
![](https://newslink.mba.org/wp-content/themes/mba-newslinks/assets/img/logos/logo-mba-newslinks.png)
Commercial/Multifamily Briefs
Harvard University’s Joint Center for Housing Studies postponed its annual State of the Nation’s Housing report due to the coronavirus pandemic.
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Industry Briefs
The Tennessee Mortgage Bankers Association is providing up to $10,000 in college scholarships for 2020, its 60th anniversary year.