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MBA: 3Q Commercial/Multifamily Borrowing Declines 13 Percent
Commercial and multifamily mortgage loan originations decreased 13 percent in the third quarter from a year ago, according to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
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MBA Chart of the Week: Mortgage Payment to Rent Ratio
MBA recently released its September Purchase Applications Payment Index data, which revealed that homebuyer affordability took a large hit in September, with the 75-basis-point jump in mortgage rates leading to the typical homebuyer’s monthly payment rising $102 to $1,941.
MISMO Announces Standards Governance Committee Election Results
MISMO Members elected the following individuals to join the Residential and Commercial Standards Governance Committees for the 2023-2024 term.
MBA CREF Policy Update Nov. 10, 2022
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
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Hotel Profitability Improves, Labor Costs Rise
U.S. hotel gross operating profit per available room improved in September and now exceeds the pre-pandemic comparable, said STR, Hendersonville, Tenn.
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Commercial and Multifamily People in the News Nov. 10, 2022
Personnel News from Merchants Bank, Greystone and Transwestern Investment Group.
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Adaptive Reuse Apartments Up 25% from Pre-Pandemic Numbers
Adaptive reuse apartments--other property types converted into apartments--have jumped 25% compared to pre-pandemic levels, reported RentCafe, Santa Barbara, Calif.
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Fitch: Most Maturing CMBS Conduit Loans Can Refinance
Maturing commercial mortgage-backed securities loans have elevated refinancing risk due to rising interest rates and a weakening macroeconomic outlook, reported Fitch Ratings, New York.
Commercial/Multifamily News Briefs Nov. 10, 2022
News in brief from HUD, Strawberry Fields REIT, Aeon Investments.
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The Office Sector Paradox
Office-using employment increased this year, but office absorption remains negative, reported Cushman & Wakefield, Chicago.