The Consumer Price Index finished 2021 with a bang, the Bureau of Labor Statistics reported on Wednesday. Although overall prices slowed somewhat in December from its brisk pace in November, they continued to show no relief on an annual basis.
Category: News and Trends
Dealmaker: Greystone Provides $13M in Fannie Mae Financing for Louisiana Multifamily Properties
Greystone, New York, provided $13.4 million in Fannie Mae Delegated Underwriting and Servicing loans to refinance two Baton Rouge, La., multifamily properties.
MBA: 4Q Commercial, Multifamily Mortgage Delinquencies Decline
Delinquency rates for mortgages backed by commercial and multifamily properties declined during the last three months of 2021, the Mortgage Bankers Association’s latest CREF Loan Performance Survey reported.
MBA State & Local Workshop in Washington Apr. 25-26
The Mortgage Bankers Association’s State and Local Workshop 2022 takes place Apr. 25-26 at the Renaissance Downtown Hotel in Washington, D.C., just ahead of the MBA National Advocacy Conference.
MBA Offices Closed Monday, Jan. 17
Offices of the Mortgage Bankers Association will be closed this Monday, Jan. 17 in observance of the Martin Luther King Jr. federal holiday. MBA NewsLink will not publish.
MBA Weekly Applications Survey Jan. 12, 2022: Rising Rates Push Borrower Activity
Mortgage interest rates reached their highest level since the coronavirus—and perhaps spurred mortgage applicants to jump into action, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending Jan. 7.
MISMO Winter Summit: Servicers Step Up
CLEARWATER, FLA.–As the mortgage market moves from refinances to purchases and loans move out of forbearance into modifications and workouts, servicers are stepping up, MISMO Winter Summit participants said.
Industry Briefs Jan. 13, 2022: nCino Completes Acquisition of SimpleNexus
nCino Inc., Wilmington, N.C., completed its acquisition of SimpleNexus, a cloud-based, mobile-first homeownership software company, for total consideration of 12.76 million shares of nCino common stock plus cash consideration of $270 million, on a cash-free, debt-free basis and excluding transaction expenses.
Quote
“The fourth quarter saw continued improvement in the performance of commercial and multifamily mortgages, particularly among property types that were the most impacted by the downturn.”
–Jamie Woodwell, MBA Vice President of Commercial Real Estate Research.
MBA CREF Outlook Survey: Originators Bullish on 2022 Outlook
Commercial and multifamily mortgage originators anticipate 2022 will be another strong year of borrowing and lending, according to the Mortgage Bankers Association’s 2022 Commercial Real Estate Finance Outlook Survey.