Origination

Commercial real estate fundamentals improved in July, but the pandemic continues to affect development projects and is likely to remain a significant challenge for more than a year, according to a COVID-19 impact report by the NAIOP Commercial Real Estate Development Association.

So far, only Tulsa County has opted in, but the Indian Nation Council of Governments is working with officials across the state to get other counties on board.

The American Dream Down Payment Act would let states establish and manage accounts, which would be similar in structure to 529 college savings plans.

Deferrals on residential mortgages and home-equity loans have been a common theme at JPMorgan Chase, Bank of America, Wells Fargo and Citigroup since the start of the coronavirus pandemic.

With year-to-date issuance at $51.7 billion, investor demand appears to remain strong despite economic headwinds of the pandemic.

The delinquent loan inventory more than doubled compared with the prior year.

An industry coalition wants to ensure borrowers who took out certain types of loans to fund their education aren’t locked out of access to historically low mortgage rates.

With over 4 million millennials entering prime home buying age each year through 2023, purchase activity will be driven much higher, according to Ellie Mae.

The common stock for the new parent of Quicken Loans is expected to start trading on the New York Stock Exchange on Thursday.

Rates are forecasted to remain at the current low levels for the rest of 2020, driving steady refinance volume.