Mortgage rates jumped last week; and mortgage applications fell, the Mortgage Bankers Association reported in its Weekly Mortgage Applications Survey for the week ending March 18.
Category: News and Trends
Reports Say Commercial Real Estate Well-Positioned to Withstand Ukraine Crisis
The crisis in Ukraine has shaken global markets but is unlikely to directly affect U.S. commercial real estate and financial firms, two reports said.
Market Musings with M&T Realty Capital Corp.’s Christine Chandler
Christine R. Chandler is Chief Credit Officer and Chief Operating Officer for M&T Realty Capital Corp., Baltimore. She joined M&T in 1991 and has more than 30 years of commercial real estate experience.
Dealmaker: Madison Realty Capital Originates $65M in Construction Financing
Madison Realty Capital, New York, originated $65 million to construct 220 multifamily units in Warren, N.J.
MBA: CMF Mortgage Debt Outstanding Reaches New High
Commercial/multifamily mortgage debt outstanding at year-end 2021 rose by $287 billion (7.4 percent) from the previous year, the Mortgage Bankers Association reported Wednesday.
MBA: IMB 4Q Production Profits Fall to 3-Year Low
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $1,099 on each loan they originated in the fourth quarter, its lowest level in three years, the Mortgage Bankers Association reported Tuesday.
MBA: IMB 4Q Production Profits Fall to 3-Year Low
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net gain of $1,099 on each loan they originated in the fourth quarter, its lowest level in three years, the Mortgage Bankers Association reported Tuesday.
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“With revenue tightening and volume slowing, it is becoming increasingly important for companies to adjust costs as the lending landscape moves from a rate-term refinancing market to a purchase and cash-out refinancing market.”
–MBA Vice President of Industry Analysis Marina Walsh, CMB.
Jim Paolino of Lodestar: Perfect Storm of Market Trends May Finally Drive Automation Focus to CX
The Great Resignation, in combination with a sharp pivot from refinance to purchase transactions, may force lenders to digitize back end functions that have long been manual.
CREF Policy Update: SEC Issues Notice of Proposed Rulemaking on Climate Risks
The Securities and Exchange Commission on Monday voted 3-1 to release a Notice of Proposed Rulemaking that includes amendments requiring a domestic or foreign registrant to include certain climate-related information in its registration statements and periodic reports.