DENVER–The Mortgage Bankers Association recognized 39 commercial/multifamily mortgage professionals in a graduation ceremony for MBA’s Future Leaders Program held at MBA’s 2024 Annual Convention & Expo.
Category: News and Trends
CREF Policy Update: HUD Responds to MBA Advocacy on Underwriting, Floodplain Rule; CREF Delinquencies Data
Commercial and multifamily developments and activities from MBA important to your business and our industry.
MBA NewsLink Q&A with JLL Value & Risk Advisory’s Becky Gaston
Becky Gaston serves as National Practice Lead, Zoning, with JLL Value & Risk Advisory
Commercial Foreclosures Up Year-Over-Year, ATTOM Finds
Commercial real estate foreclosures remain elevated and are still considerably higher than pre-pandemic figures, according to ATTOM, Irvine, Calif.
CMF Quote of the Week
“Delinquency rates for commercial mortgages backed by office properties continued to increase during the third quarter but declined for loans backed by lodging, retail and industrial properties.”
–Jamie Woodwell, MBA’s Head of Commercial Real Estate Research
Altus Group: Commercial Real Estate Industry Expectations Mixed, but Show Signs of Optimism
Altus Group, Toronto, released its Q3 Commercial Real Estate Industry Conditions and Sentiment Survey, finding that the number of respondents who cited “deploying capital” as a primary focus over the next 6 months grew to 31%.
CoreLogic: Single-Family Rents Grew 2.4% in August
CoreLogic, Irvine, Calif., found U.S. single-family rents grew 2.4% year-over-year in August. However, that’s the lowest rate of growth since last fall, CoreLogic noted.
Dealmaker: Mesa West Capital Funds $57M to Refinance New Jersey Senior Housing
Mesa West Capital, Los Angeles, provided $57 million to refinance a senior housing community in Montvale, N.J.
Single-Family Housing Starts See Bump in September
The U.S. Census Bureau and U.S. Department of Housing and Urban Development announced new residential construction statistics for September, including that single-family housing starts rose 2.7% from August.
MBA: Commercial, Multifamily Mortgage Delinquency Rates Increase in Third Quarter
Delinquency rates for mortgages backed by commercial properties increased slightly during the third quarter of 2024. This is according to the Mortgage Bankers Association’s (MBA) latest commercial real estate finance (CREF) Loan Performance Survey.