Jim Morrison

Jim Morrison can be reached at jmorrison@thewarrengroup.com

Redfin Diversity Report Shows Some Progress

In its annual diversity report, Redfin reports having made a slight gain in gender diversity and modest gains in racial diversity in 2017. The company said successful pilot programs designed to increase diversity will be rolled out company-wide next year and are expected to hasten the pace of increasing diversity.

Commercial Mortgage Delinquencies Continue To Decline

The Commercial Mortgage delinquency rate declined 26 basis points to 2.68 percent in October for the fourth consecutive month of declined, according to a new report from Morningstar Credit Ratings LLC. The unpaid balance of commercial mortgages fell 4.5 percent and securitized mortgages rose above $800 million for the first time since 2009.

MBA Calls For Immediate GSE Reform

The CEO of the Mortgage Bankers Association joined the chorus of government and industry leaders calling for comprehensive GSE reform in testimony before the House Financial Services Committee Subcommittee on Housing and Insurance yesterday.

Multifamily Lending Up In 2017

Multifamily lending was up 8 percent year over year in 2016, with nearly 3,000 different multifamily lenders providing a total of $269.2 billion in new mortgages for apartment buildings with five or more units, according to a new report from the Mortgage Bankers Association.