The Mortgage Bankers Association released its 2021 Rankings of Commercial/Multifamily Mortgage Firms by origination volumes. Top commercial/multifamily mortgage originators in 2021 included the following:
Category: News and Trends
MBA: Share of Mortgage Loans in Forbearance Drops to 1.18%
The Mortgage Bankers Association’s monthly Loan Monitoring Survey reported loans now in forbearance decreased by 12 basis points to 1.18% of servicers’ portfolio volume as of Feb. 28 from 1.30% in January. MBA estimates 590,000 homeowners are in forbearance plans.
People in the News Mar. 22, 2022: Chrysalis Holdings Name Anita Kwan, Katherine Le to Board of Advisors
Chrysalis Holdings LLC, Fulton, Md., appointed Anita Kwan and Katherine Le to its Board of Advisors as chairwoman and vice chairwoman, respectively.
Dealmaker: Q10 Triad Capital Advisors Closes $57M for Kansas Multifamily
Q10 Triad Capital Advisors, Kansas City, arranged $57.4 million in long-term fixed-rate financing for Villas at Waterside in Lenexa, Kan.
Joe Camerieri of Mortgage Cadence: The High Cost of Loan Origination Inefficiency
Efficiency is the first key to cost cutting in any process. In our business, we also must consider staffing and streamlining the tech stack, but efficiency is always a top priority
MBA Home For All Pledge Partner: BlackFin Group
BlackFin Group is a management consulting firm that specializes in innovation, technology and business optimization in the banking and mortgage banking industry.
MBA Chart of the Week Mar. 18 2022: Consumer Inflation Expectations
Inflation as measured by the Consumer Price Index reached an annual rate of nearly 8% in February. Over the past 12 months, inflation has increased steadily from less than 2% to 7.9%, compared to an average just under 2% in the five years prior.
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“There were many positive results in overall mortgage performance in February. The percentage of borrowers in forbearance declined for the 21st consecutive month, and the percentage of borrowers current on their mortgage payments increased to almost 95 percent – 350 basis points higher than one year ago. Finally, the percentage of borrowers with existing loan workouts who were current on their mortgage payments improved for the first time since June 2021.”
–Marina Walsh, CMB, MBA Vice President of Industry Analysis.
MBA: 4Q Commercial, Multifamily Mortgage Delinquency Rates Decline
Commercial and multifamily mortgage delinquencies declined in the fourth quarter, the Mortgage Bankers Association reported Monday in its Commercial/Multifamily Delinquency Report.
MBA Advocacy Update Monday Mar. 21 2022
Last week the Senate Banking Committee advanced FHFA Acting Director Sandra Thompson’s nomination, moving her closer to being confirmed as Director. And on Wednesday, the CFPB announced changes to its supervisory policies and a corresponding update to the exam manual, with the goal of enhancing its ability to protect consumers against illegal discrimination.