The Mortgage Bankers Association released its updated baseline forecast Thursday, projecting total commercial and multifamily mortgage borrowing and lending to fall to $700 billion this year, a 5 percent decline from an expected 2022 total of $740 billion.
Tag: Jamie Woodwell
MBA: 3Q Commercial, Multifamily Mortgage Debt Outstanding Up $70B
Commercial and multifamily mortgage debt outstanding increased by $70.0 billion (1.6 percent) in the third quarter, the Mortgage Bankers Association reported in its quarterly Commercial/Multifamily Mortgage Debt Outstanding Report.
Video Available: Inflation, Interest Rate, Cap Rates and Values: What Do We Really Know?
MBA recently hosted an expert webinar: Inflation, Interest Rate, Cap Rates and Values: What Do We Really Know? A video copy of the webinar is now available.
Video Available: Inflation, Interest Rate, Cap Rates & Values: What Do We Really Know?
Last week MBA hosted an expert webinar: Inflation, Interest Rate, Cap Rates & Values: What Do We Really Know?
MBA: 3Q Commercial/Multifamily Mortgage Delinquencies Remain Low
Commercial and multifamily mortgage delinquencies showed little movement in the third quarter, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Delinquency Report.
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“The delinquency rate for mortgages backed by commercial and multifamily properties remained low at the end of the third quarter. For example, the share of bank-held CRE loan balances that were delinquent has only been lower once–just before the onset of the COVID-19 pandemic–in the series’ 30-year history.”
–Jamie Woodwell, MBA Head of Commercial Real Estate Research.
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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“After a strong first half of the year, rising interest and capitalization rates began to affect deal volume during the third quarter. Increasing yields across investment alternatives–including the 10-Year Treasury yield more than doubling during the first nine months of the year–have shifted property financing and values, and it will take time for the market to fully absorb these changes. Volatility has been equally impactful, making the sizing of transactions extremely difficult. The result has been the first of what may be many quarters of depressed borrowing and lending activity.”
—-Jamie Woodwell, MBA Head of Commercial Real Estate Research.
Institutional Real Estate Returns Shrink in Q3
The National Council of Real Estate Investment Fiduciaries reported institutional-quality commercial real estate returned 0.57% in the third quarter, down from 3.24% in the second quarter.
MBA: 3Q Commercial, Multifamily Mortgage Delinquency Rates Decline
Delinquency rates for mortgages backed by commercial and multifamily properties declined through the third quarter, according to the Mortgage Bankers Association’s latest CREF Loan Performance Survey.