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MBA’s Broeksmit Comments on Potential Government Shutdown
Mortgage Bankers Association President & CEO Robert D. Broeksmit, CMB, commented Monday on a potential government shutdown at the end of the fiscal year.
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CREF Policy Update Sept. 28: FDIC Chairman Gruenberg Calls for Enhanced Prudential Standards, Increased Nonbank Reporting
Commercial and multifamily developments and activities from MBA important to your business and our industry.
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Freddie Mac: Apartment Investment Market Index Rises Again in Second Quarter
Freddie Mac Multifamily, McLean, Va., said its Apartment Investment Market Index rose by 5.1% in the second quarter, marking the second straight quarter the index improved nationwide and in all 25 markets examined.
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MBA Chart of the Week: Selected Indexes of Housing Costs
The monthly cost burden of purchasing a new home, as interest rates and house prices rose precipitously in 2022, continued in the first few months of 2023. For example, MBA’s Purchase Applications Payment Index (PAPI), hit a new high in May. Since then, despite 30-year mortgage interest rates eclipsing 7%, the index has come down slightly as median loan application amounts moderated. We are, however, still in record territory as shown by the solid green line in this week’s chart.
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Allegion Finds Young Multifamily Residents Value Tech, Post-COVID Lifestyle Changes
Allegion U.S., Carmel, Ind., a security products company, released a survey identifying trends for young multifamily renters and owners, revealing an increased adoption of smart home technology and data on which amenities are valued.
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Commercial/Multifamily People in the News Sept. 28, 2023
CBRE announced two personnel changes in Debt and Structured Finance.
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Dealmaker: Dwight Capital and Dwight Mortgage Trust Close $246M in August
Dwight Capital, New York, and its affiliate Dwight Mortgage Trust closed more than $246 million in real estate financing in August.