The Conference Board, New York, said its Consumer Confidence Index decreased in November, following an increase in October. The Index now stands at 109.5, down from 111.6 in October.
Category: News and Trends
Home Price Report: Double-Digit Growth Pushes On, Though a Bit Slower
A slew of reports Monday confirmed that home price growth continues to move along at a breakneck pace, but show signs of slowing.
2022 GSE Conforming Loan Limits Rise 18.5% to $647,200
Conforming loan limits for Fannie Mae and Freddie Mac will rise to $647,200 jump in 2022, the Federal Housing Finance Agency said on Tuesday—a jump of nearly $100,000 from 2021’s previous record high.
Life Insurance Commercial Mortgages Post Modest Return
Trepp LLC, New York, said commercial mortgage investments held by life insurance companies saw modest returns in the third quarter
Dealmaker: George Smith Partners Secures $36M
George Smith Partners, Los Angeles, secured $35.6 million for office and retail assets in California and Missouri.
2022 GSE Conforming Loan Limits Rise 18.5% to $647,200
Conforming loan limits for Fannie Mae and Freddie Mac will rise to $647,200 jump in 2022, the Federal Housing Finance Agency said on Tuesday—a jump of nearly $100,000 from 2021’s previous record high.
Multifamily Minute: Perspective from Lument’s Chad Musgrove
Chad Musgrove is Associate Director with Lument, a subsidiary of ORIX Corporation USA. He has a decade of experience in real estate and financial services consulting.
Quote
“FHFA has raised the conforming loan limits, as prescribed under HERA, to reflect the rise in the average U.S. home price. Over the last 18 months, housing prices have significantly increased due to record low inventory levels amidst strong demand. The higher loan limits reflect this dynamic.”
–MBA President & CEO Robert Broeksmit, CMB.
MBA: 3Q IMB Production Profits Increase
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $2,594 on each loan they originated in the third quarter, up from $2,023 per loan in the second quarter, according to the Mortgage Bankers Association’s Quarterly Mortgage Bankers Performance Report.
CREF22 in San Diego Feb. 13-16
The Mortgage Bankers Association’s Commercial Real Estate Finance/Multifamily Housing Convention & Expo takes place Feb. 13-16 at the Manchester Grand Hyatt in San Diego.