Fueled by strong market fundamentals and low interest rates, 2,589 different multifamily lenders provided $364.4 billion in new mortgages in 2019 for apartment buildings with five or more units, according to the Mortgage Bankers Association’s 2019 Multifamily Lending Report.
Servicing Newslinks Archive
5 Mortgage-Related Policies That are in Flux Due to the Coronavirus
National Mortgage News, July 29, 2020–Bonnie Sinnock (subscription)From guidelines for remote appraisal alternatives to the ways that forbearance affects borrowers’ ability to get new loans, here are five examples of …
Is the U.S. Mortgage Industry About to Fall Off a Cliff?
Mortgage Professional America, July 29, 2020–Libby McDonaldForbearance programs permitting temporary suspension of Americans’ monthly mortgage payments have been a godsend to the more than 4 million borrowers who have made …
New Legislation Would Aid Cash-Strapped Commercial Property Owners
Wall Street Journal, July 29, 2020–Ben Eisen (subscription)The bill, expected Wednesday, would set up a government-backed funding vehicle businesses could tap to stay current on their mortgages. It is meant …
Will GOP Plan to Slash Unemployment Trigger Wave of Loan Defaults?
American Banker, July 28, 2020–Neil Haggerty, Hannah Lang (subscription)“It is something we’ve been concerned about,” said Bill Kilmer, senior vice president for legislative and political affairs at the Mortgage Bankers …
Mortgage Complaints Down During Pandemic
National Mortgage Professional, July 28, 2020–Keith GriffinNew research from LendEDU shows consumer complaints to the Consumer Financial Protection Bureau are down 4% year-over-year. That stands in stark contrast to credit …