Fitch Ratings, New York, reported the U.S. commercial mortgage-backed securities delinquency rate fell 14 basis points in January to 4.55 percent due to a slowing pace of new delinquencies and strong new issuance.
Category: News and Trends
ATTOM Reports Record-Low Foreclosures; MBA Releases National Delinquency Survey Today
This morning, the Mortgage Bankers Association releases its 4th Quarter National Delinquency Survey. Ahead of that, ATTOM Data Solutions, Irvine, Calif., yesterday said just 9,701 U.S. properties reported foreclosure filings in January, down by 11 percent from a month ago and down by 80 percent from a year ago.
Dealmaker: Dwight Capital Finances $181M for Multifamily
Dwight Capital, New York, financed $181 million for multifamily properties in three states
Non-QM on the Upswing: A Conversation with Dane Smith, President of Verus Mortgage Capital
MBA NewsLink talked with Dane Smith, President of Verus Mortgage Capital, Washington D.C., about why the firm has chosen to work with correspondent lenders to build its portfolio of Non-Qualified Mortgage assets.
Wells Fargo Leads MBA 2020 Commercial/Multifamily Servicer Rankings
The Mortgage Bankers Association released its year-end ranking of commercial and multifamily mortgage servicers’ volumes, with Wells Fargo Bank N.A. at the top with $712 billion in master and primary servicing.
Mortgage Applications Decrease in MBA Weekly Survey
Rates rose to a three-month high last week, and mortgage applications dropped, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending February 5.
MBA: 2021 Commercial/Multifamily Mortgage Maturity Volumes to Increase 36%
The Mortgage Bankers Association says $222.5 billion of the $2.3 trillion (10 percent) in outstanding commercial and multifamily mortgages held by non-bank lenders and investors will mature in 2021, a 36 percent increase from the $163.2 billion that matured in 2020.
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“We see these policies working in tandem to continue to support housing markets, tenants, landlords and homeowners in addressing the ongoing effects of the pandemic. In the aftermath of the enactment of that legislation, MBA continues to support the need for additional rental assistance for tenants, broad-based homeowner assistance, and enhancements to the Paycheck Protection Program to help the hospitality sector.”
–MBA Senior Vice President of Legislative and Political Affairs Bill Killmer, in a letter to the House Financial Services Committee outlining key priorities in the fiscal 2021 federal budget.
MBA Forecast: 2021 Commercial/Multifamily Lending to Increase 11% to Nearly $500 Billion
The Mortgage Bankers Association expects commercial and multifamily mortgage bankers to close $486 billion in loans backed by income-producing properties in 2021, an 11 percent increase from 2020’s estimated $440 billion, according to its latest forecast.
MBA Recognizes Select Members
MBA recognizes its Select Associate Members and thanks them for their continued support of MBA and the real estate finance industry.