MISMO, the real estate finance industry’s standards organization, announced that it is seeking public comment on an updated MISMO Version 3.6 Reference Model package. The 60-day public comment period will run through April 12, 2025.
Category: News and Trends
CRE Executive Perspectives: Looking Back at 2024
SAN DIEGO–Looking at it in the rear-view mirror, 2024 seems like two very different environments, senior executives said here at MBA’s Commercial/Multifamily Finance Convention and Expo Tuesday.
LenderLogix CEO Patrick O’Brien: Get Your LOs Out of Your LOS–Build Tech for Your Borrowers
“Get your LOs out of the LOS” is a commonly heard refrain, encouraging loan officers to spend less time filling in boxes in their loan origination system and more time with the borrower by increasing efficiencies in their loan processes.
Quote of the Day
”The decisions we made in November are now taking hold in Washington, bringing with them a new set of people, priorities, and policies. It’s our job at the MBA to make sure these changes, this reinvention, help our industry continue to promote the growth that makes America so strong.”
–MBA’s President and CEO Bob Broeksmit, CMB
20% of Commercial and Multifamily Mortgage Balances Mature in 2025
Twenty percent ($957 billion) of $4.8 trillion of outstanding commercial mortgages held by lenders and investors will mature in 2025, a 3% increase from the $929 billion that matured in 2024, according to the Mortgage Bankers Association’s 2024 Commercial Real Estate Survey of Loan Maturity Volumes, released Feb. 10 at the 2025 Commercial/Multifamily Finance Convention and Expo.
MBA CREF Forecast: Commercial/Multifamily Borrowing and Lending Expected to Increase 16% to $583 Billion in 2024
Total commercial and multifamily mortgage borrowing and lending is expected to rise to $583 billion in 2025, which is a 16% increase from 2024’s estimated total of $503 billion.
MBA Presents Smriti L. Popenoe with the 2025 CREF Distinguished Service Award
SAN DIEGO–The Mortgage Bankers Association awarded Smriti L. Popenoe, Co-CEO, President, and Chief Investment Officer at Dynex Capital, with the 2025 Commercial Real Estate Finance Distinguished Service Award here at its Commercial/Multifamily Finance Convention and Expo.
Broeksmit: A New Era of Opportunity
SAN DIEGO–The landscape in Washington, D.C. is changing, and MBA views it as a “new era of opportunity,” said Bob Broeksmit, CMB, here at the MBA Commercial/Multifamily Finance Convention and Expo.
CoStar: NYC, Nashville Will See The Most New Hotel Rooms This Year
New York City and Nashville are projected to open the most hotel rooms in the U.S. in 2025, according to CoStar, Washington, D.C.
Quote of the Day
“My answer is, it is possible that GSEs will exit conservatorship. I don’t think yet it’s probable.”
–Isaac Boltansky, Managing Director and Director of Policy Research, BTIG