Delinquency rates for mortgages backed by commercial properties increased during the fourth quarter of 2024, according to the Mortgage Bankers Association’s (MBA) latest commercial real estate finance (CREF) Loan Performance Survey.
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Panorama Mortgage Group has appointed Philip Riccio as its new Chief Financial Officer (CFO). With over two decades of experience in the mortgage industry, Mr. Riccio brings a wealth of expertise in capital markets, financial management, and strategic leadership to his new role.
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Home Value Lock, a market value insurance product for homebuyers, has partnered with Stanford Mortgage to protect more Sacramento-area buyers from a home price drop.
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Optimal Blue released its December 2024 Market Advantage mortgage data report, showcasing year-over-year (YoY) growth in mortgage activity, even as seasonal trends led to a month-over-month (MoM) decline in rate lock volumes. Overall, December mortgage lock volume was up 26% YoY, driven by an 18% increase in purchase locks, a 43% rise in cash-out refinances, and an 82% jump in rate-and-term refinances.
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Community Home Lenders of America (CHLA) released its yearly research study report titled, “CHLA 2024 Report on Independent Mortgage Banks.” Here’s what it found:
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The MBA Opens Doors Foundation (Opens Doors) launched the MBA Opens Doors Disaster Relief Program, which will provide an additional $100,000 to Children’s Hospital Los Angeles (CHLA) to support the children and families impacted by the Southern California wildfires.
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LERETA, LLC (“LERETA”) announced that Katie Brewer has been named Chief Executive Officer (“CEO”). Ms. Brewer succeeds John Walsh, Chief Executive Officer since 2015, who is retiring and will continue to serve on the firm’s Board of Directors.
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MBA’s President and CEO Bob Broeksmit, CMB, released the following statement regarding the Senate Banking, Housing, and Urban Affairs Committee’s vote on Scott Turner’s confirmation to serve as Secretary of the Department of Housing and Urban Development (HUD):
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Mortgage applications increased 0.1 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending January 17, 2025.
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