Total commercial real estate mortgage borrowing and lending is estimated to have totaled $429 billion in 2023, a 47% decrease from the $816 billion in 2022, and a 52% decrease from the record $891 billion in 2021.
Category: News and Trends
Industry Briefs, April 26, 2024
Industry news from Matic, USA Mortgage, Mortgage Capital Trading, Click n’ Close, FormFree and LoanCare.
CommercialEdge: Q1 Office Sales Dip 17% From 2023
CommercialEdge, Santa Barbara, Calif., reported Q1 office sales fell to $5.4 billion, 17% below the 2023 first-quarter result.
Student Housing Pre-Leasing, Rent Growth Outpace Historical Average
Student housing pre-leasing is outpacing all previous years on record and rent growth remained strong in March, according to Yardi Matrix, Santa Barbara, Calif.
MISMO Announces First Certified Consultant Designations
MISMO, the real estate finance industry’s standards organization, announced that four firms are the first to receive the designation of MISMO Certified Consultant. The organizations to earn this distinction are: Actualize Consulting, Falcon Capital Advisors, PhoenixTeam, and Tidgewell Results eXperience.
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage applications decreased 2.7% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 19, 2024.
MBA Conference Speaking Opportunities
MBA accepts proposals from MBA members who are experts in all aspects of real estate finance, including single-family and commercial/multifamily loan production, servicing, compliance, technology, secondary market issues and more.
MBA DEI Playbook Member Resource
MBA and its member companies continue to make significant strides in furthering diversity, equity and inclusion within the real estate finance industry. It is our collective mission to ensure that our industry’s workforce reflects the communities we serve.
MISMO Spring Summit: June 3-6 in San Francisco
MISMO Summits allow you to network and collaborate with your industry colleagues while learning the latest updates on mortgage industry standards.
CBS News’ Margaret Brennan to Open MBA Secondary & Capital Markets Conference & Expo May 19-22
Margaret Brennan, moderator of CBS News’ Sunday public affairs program, Face the Nation with Margaret Brennan, will join us on the Main Stage at MBA’s Secondary & Capital Markets Conference & Expo.