The Mortgage Bankers Association announced that Jeff Weidell, CMB, CEO of Northmarq, has been nominated to serve as MBA’s Vice Chairman for the 2027 membership year.

Yardi Matrix, Santa Barbara, Calif., found U.S. multifamily rents saw a slight seasonal bump in May, up $6 (or 0.3%) to average $1,767. However, year-over-year growth is near flat, at only 0.2%.

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

The Bureau of Labor Statistics released jobs data for May, showing that total nonfarm payroll employment increased by 172,000. The unemployment rate was flat at 4.3%.

The commercial mortgage-backed securities lodging 30-plus day delinquency rate stood at 6.4% as of March, compared to 6.5% in March 2025 and 5.3% in March 2024, according to Kroll Bond Rating Agency, New York.

No tech topic is hotter right now–both in the mortgage industry and more broadly–than AI. Four industry experts took to the stage at the MISMO Spring Summit, held June 1-4 in Louisville, Ky., to talk about how the industry can make sure any adoption is responsible amid myriad risk.  

Merchants Capital, Carmel, Ind., provided more than $99 million in debt and tax credit equity financing for a mixed-use, mixed-income workforce housing community in Fort Wayne, Ind.