The level of commercial/multifamily mortgage debt outstanding increased by $40.1 billion (0.9%) in the first quarter, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.
Category: News and Trends
First American’s Odeta Kushi: Twin Market Dynamics Continue to Stifle Existing-Home Sales
The housing market is struggling to gain momentum with mortgage rates above their levels from a year ago. Higher rates have a dual impact on sales – pricing out buyers who lose purchasing power and keeping some potential sellers rate-locked in.
MBA Donates “Princess Mackie Buys a House” Books to Nonprofit Event
The Mortgage Bankers Association donated copies of Princess Mackie Buys a House to an event hosted by the Momentum Collective Inc., and the Alexandria, Va., Department of Recreation, as part of an initiative to encourage summer reading.
Redfin Finds More Than 3 in 5 Home Listings Now ‘Stale’
More than three in five homes that were on the market in May had been listed for at least 30 days without going under contract, according to Redfin.
TransUnion: Consumer Outlook Mixed in Q2
TransUnion, Chicago, released its Consumer Pulse Study for the second quarter, finding consumer concerns about inflation and interest rates have hit their highest levels in two years. However, more than half of Americans remain optimistic about their household finances over the next year.
MBA Urges HUD to Publish Notice About Ongoing Challenges With NSPIRE Protocol
MBA asked HUD for assurance that servicers will not be held accountable for compliance with the new National Standards for the Physical Inspection of Real Estate system until it is “fully accessible and usable to each participant.”
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Industry Briefs, June 20, 2024
Industry news from Fannie Mae, Freddie Mac, Dark Matter Technologies, BlackFin, MCT, Lender Price Team, Finastra and Invictus Capital Partners.
Navigating the Future: Dawar Alimi From Lender Price on Mortgage Industry Technology Trends
MBA Newslink sat down with Lender Price CEO and Co-Founder Dawar Alimi to gain some insight into the current state of technology in the mortgage industry and its future trajectory.
Quote: June 20, 2024
“The amount of commercial mortgage debt outstanding increased in the first quarter of 2024, despite slow mortgage originations activity.”
–Jamie Woodwell, MBA’s Head of Commercial Real Estate Research.