MBA Welcomes 18 New Members

The Mortgage Bankers Association welcomed 18 new regular members to its ranks, which now numbers more than 2,300 member companies.

Commercial/Multifamily Briefs

Fannie Mae, Washington, D.C., launched DUS Disclose, a new mortgage-backed securities disclosure website to improve transparency and increase data available for multifamily securities.

CMBS Delinquency Rates Continue to Fall

Delinquency rates for loans packaged in commercial mortgage-backed securities fell throughout the second half of 2017, said Morningstar Credit Ratings LLC, New York, which expects the declining trend to continue in 2018 as servicers continue to wind down their legacy portfolios and originations outpace new problem loans.

Fed Rate Hike Cites Strong Labor Conditions, Inflation

Following its policy meeting yesterday, the Federal Open Market Committee announced it raised the federal funds rate a quarter-point to 1-1/4 to 1-1/2 percent. In its statement, the FOMC noted the labor department “continued to strengthen” and economic activity “has been rising at a solid rate.”