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Snapdocs: More Lenders Offer eClosing, but Adoption Lags

1 week ago | newslink.mba.org | Anneliese Mahoney

(Image courtesy of Snapdocs)Snapdocs, San Francisco, released its 2025 State of eClose Adoption Report, finding that 90% of lenders now offer digital closing to their customers. That compares with 74% in 2023. However, only 14% of those lenders close more than 80% of their loans digitally, and only 31% report closing more than 60% digitally. Thatâ€™s only up narrowly from 28% that cleared the 60% threshold in 2023.
People in the News, April 17, 2025

1 week ago | newslink.mba.org | Anneliese Mahoney

Home > MBA Newslinks > MBA, Trade Groups Send Joint Letter (Mark Seaton, left, and Matt Wajner)First American Makes Leadership ChangesFirst American Corp., Santa Ana, Calif., announced that Chief Financial Officer Mark Seaton has been appointed to serve as CEO.
Builder Confidence Indicates Slow Start for Spring Housing Season

1 week ago | newslink.mba.org | Michael Tucker

(Illustrations courtesy of NAHB/Wells Fargo) Growing economic uncertainty stemming from tariff concerns and elevated building material costs kept builder sentiment in negative territory in April, despite a modest bump in confidence likely due to a slight retreat in mortgage interest rates in recent weeks.
Dealmaker: Berkadia Secures $32M for Salt Lake City Apartments

1 week ago | newslink.mba.org | Michael Tucker

(Illustrations courtesy of Berkadia)Berkadia, Ambler, Pa., secured a $31.5 million bridge loan for sponsor Midtown Capital to complete The Astoria, a 149-unit apartment community in Salt Lake City, Utah. Located in the city’s Fairpark District, where a new Major League Baseball stadium is under consideration, the apartment community is slated for completion in the third quarter of 2025.
LightBox: CRE Index Posts Strongest Reading Since 2022, but Outlook Uncertain

1 week ago | newslink.mba.org | Michael Tucker

(Illustration courtesy of Pixabay/pexels.com)LightBox, New York, reported its Commercial Real Estate Activity Index rose sharply in March to 104.4, the highest level since June 2022 and only the second triple-digit reading in nearly three years. The 4.7% month-over-month and 25.2% year-over-year gains point to growing momentum in the CRE sector.
Fannie Mae HPES Predicts Home Price Growth Will Moderate

1 week ago | newslink.mba.org | Anneliese Mahoney

Fannie Mae, in partnership with Pulsenomics, Acton, Mass., released its Home Price Expectations Survey for the first quarter. A panel of more than 100 housing experts forecasts home price growth to average 3.4% in 2025 and 3.3% in 2026. That follows national home price growth of 5.8% last year. Those are revisions from the fourth-quarter predictions of 3.8% for 2025 and 3.6% for 2026 as measured by the Fannie Mae Home Price Index.
ATTOM: U.S. Foreclosure Activity Up in Q1

1 week ago | newslink.mba.org | Anneliese Mahoney

(Image courtesy of Curtis Adams/pexels.com)ATTOM, Irvine, Calif., reported that there were 93,953 U.S. properties with a foreclosure filing in Q1, up 11% from Q4 2024, but down 2% from last year’s first quarter. March’s foreclosure filings numbered 35,890, up 11% from February and up 9% from March 2024. There were 68,794 properties that started the foreclosure process in Q1, up 14% from the previous quarter and up 2% year-over-year.
Redfin: Gap Between Income Needed for Buying vs. Renting Widens

1 week ago | newslink.mba.org | Anneliese Mahoney

(Image courtesy of Jonathan Meyer/pexels.com)Redfin, Seattle, found that Americans need to earn $116,633 per year to afford the median priced home for sale, compared with $64,160 needed to afford the typical apartment for rent. That’s 81.8% more needed for the homeowner; Redfin reports that gap has been widening. In 2024, an American needed to earn $110,808 to afford the typical home, compared with $64,000 for the renter–a gap of 73.1%. In 2023, the gap was 54.5%.
MBA NewsLink Monday, April 14, 2025

1 week ago | newslink.mba.org | Michael Tucker

MBA NewsLink sat down with JLL’s Kent Cullins, who leads JLL’s Value & Risk Advisory Healthcare team, to discuss some of the major trends, opportunities and challenges he’s seeing in the sector. Third-party relationships have become a business necessity across the mortgage industry. They're also a potential minefield of regulatory scrutiny and cybersecurity threats, Ncontracts’ Rafael DeLeon writes.
Zillow Finds Best Metros to Buy, Sell Homes This Spring

1 week ago | newslink.mba.org | Anneliese Mahoney

(Image of Miami courtesy of Daniel Alvarado/pexels.com)Zillow, Seattle, found that Miami tops the list of best places to be a buyer this spring, and Buffalo, N.Y., is the best place to be a seller. This comes amid more homes available for buyers nationwide–more than 1 million were for sale in February, the most for that month since before the pandemic.