CMF Quote of the Week: Nov. 2, 2023

“MBA shares the Biden administration’s commitment to increasing housing supply and appreciates its willingness to engage with us and the industry on ways to incentivize lenders and borrowers to rehab, repurpose, and convert more obsolete commercial properties into affordable rental housing and other usable spaces.”
–Robert Broeksmit, CMB, President and CEO of the Mortgage Bankers Association

CMF Quote of the Week: Oct. 26, 2023

“The delinquency rate for loans backed by commercial properties has now increased for four consecutive quarters. The delinquency rate for loans backed by office properties now exceeds those of loans backed by retail and hotel properties, while the delinquency rates for multifamily and industrial property loans remain below one percent.”
–Jamie Woodwell, MBA’s Head of Commercial Real Estate Research

CMF Quote of the Week: Oct. 19, 2023

“Congratulations to this year’s graduating class of the esteemed Future Leaders Program. Each of these distinguished professionals have displayed integrity, excellence, and commitment to the program and our industry.”
–Mark Jones, 2024 MBA Chairman and President of Union Home Mortgage.