Category: News and Trends

Quote

“This year’s first quarter marked the end of a long period of extraordinarily low and stable delinquency rates for commercial and multifamily mortgages. With the onset of the COVID-19 pandemic and our social and economic responses to it, more recent data from MBA and others show increasing pressure on delinquency rates, particularly for loans backed by hotel and retail properties, where the impacts have been most immediately and dramatically felt.”
–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

| By Mike Sorohan

Radian: U.S. Home Price Gains Slow in May

Radian Group, Philadelphia, said home prices across the United States rose at an annualized rate of 4.5 percent in May from April.

| By MBA NewsLink Staff

Fitch: Title Insurers ‘Well-Capitalized’ Against Coronavirus Fallout

Fitch Ratings, Chicago, said while U.S. title insurer revenues will likely decrease in 2020 from pressure on both the residential and commercial real estate markets as they continue to grapple with the fallout from the ongoing coronavirus pandemic, after a strong 2019, capitalization levels will likely be adequate.

| By MBA NewsLink Staff

May Housing Starts Post Modest Increase

HUD and the Census Bureau yesterday reported May housing starts improved by 4.3 percent, stopping a two-month freefall in the wake of the coronavirus pandemic.

| By Mike Sorohan

Investors Remain Optimistic About Real Estate

Real estate advisory firm Hodes Weill & Assocs., New York, said investors remain optimistic about real estate despite an expected near-term slowdown in investment activity.

| By msorhan

Record-Low Interest Rates Spur Mortgage Applications in MBA Weekly Survey

Mortgage applications increased for the second straight week–and purchase applications increased for the ninth consecutive week–as key interest rates fell to record lows, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending June 12.

| By MBA NewsLink Staff