PHILADELPHIA–The Mortgage Bankers Association recognized 74 mortgage professionals – 35 from the residential market segment and 39 from the commercial/multifamily market segment – in a graduation ceremony for MBA’s Future Leaders Program held here at MBA’s 2023 Annual Convention & Expo.
Category: News and Trends
Dealmaker: Cushman & Wakefield Arranges $223M Refinancing for Connecticut Portfolio
Cushman & Wakefield, Chicago, served as exclusive adviser to the ownership group in procuring $223 million to refinance the Harbor Point portfolio in Stamford, Conn.
CMF Quote of the Week: Oct. 19, 2023
“Congratulations to this year’s graduating class of the esteemed Future Leaders Program. Each of these distinguished professionals have displayed integrity, excellence, and commitment to the program and our industry.”
–Mark Jones, 2024 MBA Chairman and President of Union Home Mortgage.
CREF Policy Update Oct. 26
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Nov. 9: CREF Career Conversations
Commercial/multifamily finance presents a wide array of career opportunities with its ecosystem of companies, roles, and functions supporting the capital needs of real estate owners and operators. Join MBA Education and industry executives for a discussion to explore career trajectories, pivots, and leadership lessons learned.
Trepp: Special Servicing Rate Climbs in September
Trepp, New York, reported the CMBS Special Servicing Rate increased by 20 basis points in September, up to 6.87%.
Voting for 2024 MBA Officers, New & Returning Directors Underway; Deadline Oct. 12
The voting period for the election of the Mortgage Bankers Association’s FY2024 officers and new and returning directors is underway. The voting ends at 5:00 p.m. E.T. on Thursday, October 12, 2023.
MBA’s Broeksmit: Why Mortgage Rates Continue to Rise and What Can Be Done
As mortgage rates reached 23-year highs in MBA’s latest Weekly Applications Survey and application activity fell to a low last seen in 1996, MBA President and CEO Robert Broeksmit, CMB, issued the following statement.
MBA, Housing Trades Call on Fed to End Rate Hikes, Pledge Not to Sell MBS Book
On Monday, the Mortgage Bankers Association led a coalition letter sent to the Board of Governors of the Federal Reserve that conveyed the housing industry’s serious concerns about the negative market impacts the Fed’s monetary policy actions (e.g., rate hikes and quantitative tightening) are having on the market.
KBRA: Older Office Buildings Struggling
KBRA, New York, said in the current office environment, older buildings are seeing particular challenges.