WASHINGTON–As Mortgage Bankers Association members take to the nation’s capital–and U.S. Capitol Building–to share the industry’s story with lawmakers and hear from legislative stakeholders via the National Advocacy Conference, key policy and regulatory topics such as Basel III endgame, housing supply and HUD Secretary Marcia Fudge stepping down are top of mind.

Commercial mortgage delinquencies increased in the fourth quarter of 2023, according to the Mortgage Bankers Association’s latest Commercial Delinquency Report.

Commercial and multifamily developments and activities from MBA important to your business and our industry.

Yardi Matrix, Santa Barbara, Calif., reported the average multifamily asking rent rose $1 in February to $1,713, the first increase in seven months. Year-over-year growth remained flat at 0.6%.

The Dodge Momentum Index dipped 1.4% in February to 180.5 from January’s 183.0 reading, indicating fewer buildings going into the planning stage.

Personnel news from Greystone Real Estate Capital, PACE Loan Group and Dwight & Co.

JLL Capital Markets, Chicago, secured $135 million in first-lien financing for Cross Creek Ranch, a 122,000-square-foot mixed-use property in Malibu, Calif.