The Mortgage Bankers Association last week led a group of housing and industry trade groups in submitting a comment letter highlighting critical concerns and recommendations related to the Notice of Proposed Rulemaking regarding the implementation of the final components of the Basel III standards.
Category: News and Trends
CMF Quote of the Week: Jan. 18, 2024
“Ongoing challenges in commercial real estate markets pushed the delinquency rate on CRE-backed loans higher in the final three months of 2023.”
–Jamie Woodwell, MBA’s Head of Commercial Real Estate Research
CREF Policy Update Jan. 18: HUD Secretary Fudge Testifies at Contentious House Oversight Hearing
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Redfin: Median Asking Rent Continues to Decline
Redfin, Seattle, reported the median U.S. asking rent fell 0.8% year-over-year in December, marking the third consecutive decline.
Trepp: CMBS Delinquency Rate Falls in December
Trepp, New York, noted the overall commercial mortgage-backed securities delinquency rate fell by seven basis points to 4.51% in December.
Sales Increase in Large Master-Planned Communities
New home sales in the largest master-planned communities increased by nearly 14% in 2023 compared to 2022, according to real estate consulting firm RCLCO, Bethesda, Md.
MISMO Introduces New Certification Opportunities at 2024 Winter Summit
MISMO, the real estate finance industry’s standards organization, introduced new certification opportunities at its 2024 Winter Summit.
MBA CREF Outlook Survey: Markets Expected to Become Less Unsettled as 2024 Progresses
Commercial and multifamily mortgage originators continue to experience an unsettled market for borrowing and lending but anticipate those conditions will stabilize over the course of 2024.
Dealmaker: Mesa West Capital Provides $54M Construction Loan in South Brunswick, N.J.
Mesa West Capital, New York, provided Bridge Industrial a $53.5 million construction loan for Bridge Point 999, a new 292,000-square-foot industrial building in South Brunswick, N.J.
Apartment Supply at 36-Year High in 2023, RealPage Finds
RealPage Analytics, Richardson, Texas, reported apartment supply jumped to the highest level since 1987 last year, largely due to the influx of construction projects begun a few years ago.