Total commercial real estate mortgage borrowing and lending is estimated to have totaled $429 billion in 2023, a 47% decrease from the $816 billion in 2022, and a 52% decrease from the record $891 billion in 2021.

Mortgage applications decreased 2.7% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 19, 2024. 

MISMO, the real estate finance industry's standards organization, announced that four firms are the first to receive the designation of MISMO Certified Consultant. The organizations to earn this distinction are: Actualize Consulting, Falcon Capital Advisors, PhoenixTeam, and Tidgewell Results eXperience.