Mortgage Bankers Association President & CEO Robert D. Broeksmit, CMB, commented Monday on a potential government shutdown at the end of the fiscal year.

Commercial and multifamily developments and activities from MBA important to your business and our industry.

Freddie Mac Multifamily, McLean, Va., said its Apartment Investment Market Index rose by 5.1% in the second quarter, marking the second straight quarter the index improved nationwide and in all 25 markets examined.

The monthly cost burden of purchasing a new home, as interest rates and house prices rose precipitously in 2022, continued in the first few months of 2023. For example, MBA’s Purchase Applications Payment Index (PAPI), hit a new high in May. Since then, despite 30-year mortgage interest rates eclipsing 7%, the index has come down slightly as median loan application amounts moderated. We are, however, still in record territory as shown by the solid green line in this week’s chart.

Allegion U.S., Carmel, Ind., a security products company, released a survey identifying trends for young multifamily renters and owners, revealing an increased adoption of smart home technology and data on which amenities are valued.

CBRE announced two personnel changes in Debt and Structured Finance.

Dwight Capital, New York, and its affiliate Dwight Mortgage Trust closed more than $246 million in real estate financing in August.