Commercial mortgage delinquencies increased across all major capital sources in the first quarter of 2025, according to the Mortgage Bankers Association’s (MBA) latest Commercial Delinquency Report
Category: News and Trends
Dealmaker: Greystone Provides $58.6M Freddie Mac Loan for Illinois Multifamily
Greystone, New York, provided a $58.6 million Freddie Mac Workforce Preservation program loan to refinance a 427-unit multifamily property in Elk Grove Village, Ill.
Jobs Increase by 139,000 in May; Unemployment Remains Flat
Total nonfarm payroll employment increased by 139,000 in May, with the unemployment rate flat at 4.2%, the U.S. Bureau of Labor Statistics reported.
Quote of the Day
“Not only are there more homes for sale than there have been in five years, but the value of those homes is higher than it has ever been.”
–Redfin Head of Economics Research Chen Zhao
Redfin: Value of Homes on the Market Hits Record
Redfin, Seattle, released a new report finding that there are $698 billion in homes currently on the market–the highest dollar amount ever recorded.
MISMO Creates Standard for Electronic HELOCs
MISMO, the real estate finance industry’s standards organization, announced that it is seeking public comment on the SMART Doc V3 eHELOC Specification.
Industry Briefs, June 6, 2025
Industry news from Fannie Mae, Friday Harbor, Prudent AI, Dark Matter, SESLOC and Dovenmuehle.
MBA Premier Member Spotlight: PMSI
(One in a continuing series of profiles of Premier Members of the Mortgage Bankers Association. Please contact MBA’s Alicia Goncalves, CMB for information about Premier Member Spotlights.)
Why Audit Rights Are Essential to Your TPRM Program
Audit rights are a critical but often overlooked component of a strong third-party risk management program, Ncontracts’ Cheryl Grizzard writes.
ICE Mortgage Monitor: Record Levels of Home Equity, Falling Rates Drive Highest HELOC Withdraws Since 2008
U.S. mortgage holders carried a record $17.6 trillion in home equity entering the second quarter–with $11.5 trillion considered “tappable”–according to ICE Mortgage Technology, Atlanta.