Gantry, San Francisco, secured a $7.9 million bridge loan for the value-add acquisition of a 61,000-square-foot industrial building located at 1444 30th Street in San Diego, Calif.
Category: News and Trends
Quote: Jan. 8, 2024
“In terms of implications for the housing market, these data are likely to keep interest rates from falling further at this point, but we expect mortgage rates to drift down over the year as the economy slows.”
–MBA Chief Economist Mike Fratantoni, discussing the Bureau of Labor Statistics’ report on employment conditions in December.
School of Loan Origination Online Starts Monday, Jan. 8
MBA Education’s School of Loan Origination (SOLO) is a live, instructor-guided online course designed to provide an in-depth working knowledge of how to originate residential mortgage loans.
Trepp: CMBS Delinquency Rate Falls in December
Trepp, New York, noted the overall commercial mortgage-backed securities delinquency rate fell by seven basis points to 4.51% in December.
Mark P. Dangelo: AI Progression Represents a Conflagration for Mortgage Technology
Artificial Intelligence is everywhere. However, utilizing traditional system approaches to solutions risks repeating the same mistakes and fragmentation from the last 35 years.
Quote: Jan. 5, 2024
“U.S. mortgage delinquency rates remained healthy in October, with the overall delinquency rate unchanged from a year earlier and the serious delinquency rate remaining at a historic low.”
–Molly Boesel, Principal Economist for CoreLogic.
Redfin Reports Homebuyers’ Payments Drop to Lowest Level in Nearly a Year
The median U.S. housing payment has dropped nearly $400 from its October peak, enticing some sidelined buyers to get back in the game, reported Redfin, Seattle.
Zillow Predicts Hottest Major Housing Markets for 2024
Zillow, Seattle, ranked what it anticipates will be the hottest major housing markets this year, with Buffalo, N.Y., claiming the top spot.
Freddie Mac Forecasts Tempered Multifamily Growth, Increased Volume in 2024
This year should bring growth in the multifamily sector despite continued headwinds, and the long-term forecast for the asset class remains positive, according to Freddie Mac Multifamily, McLean, Va.
People in the News, Jan. 5, 2024
Personnel news from Cenlar, Blue Sage Solutions and Depth PR.