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Category: News and Trends
MBA NewsLink Q&A: SitusAMC’s Rich Berg on Addressing Unique Challenges Faced by Warehouse Lenders
MBA NewsLink interviewed Rich Berg, senior director of warehouse and custodial technology at SitusAMC, about warehouse lending process is being transformed by cloud-based technology.
MBA NewsLink Roundtable: Top Commercial Mortgage Servicing Issues to Watch in 2024
With the logjam in the commercial real estate transaction market top of mind for many, loan servicing and asset management professionals entered the new year with a fresh set of opportunities and challenges defined not by a flood of new originations but the expectation of a growing supply of troubled loans.
Fitch Ratings: House Prices Remain Overvalued
Fitch Ratings, New York, estimated national home prices were 9.4% overvalued on a population-weighted average basis in the second quarter of 2023 and said it expects overvaluation to remain elevated due to continued price increases in the third quarter.
Quote: Jan. 4, 2024
“As 2024 begins, the year ahead should bring some of that clarity.”
–From the MBA Commercial/Multifamily Quarterly DataBook
Dealmaker: JLL Secures $115M for Miami Multifamily
JLL Capital Markets, Chicago, arranged $115 million in financing for Metro Edgewater, a recently completed 279-unit Class A apartment tower in Miami’s Edgewater neighborhood.
MBA’s Q3 2023 Commercial/Multifamily DataBook Provides Insights as New Year Begins
Commercial real estate markets are entering the new year relatively stuck. Through the first three quarters of 2023, property sales and mortgage origination volumes are each down 50-plus percent compared to the year prior.
Dealmaker: M&T Realty Capital Corp. Provides Over $200M for Queens Property
M&T Realty Capital Corp., Baltimore, provided $204.9 million in financing for a multifamily property in Long Island City in Queens, N.Y.
MBA Weekly Survey Jan. 3: Mortgage Applications Decrease Over Two Weeks
Mortgage applications decreased 9.4% from two weeks earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Dec. 29, 2023. The results include adjustments to account for the holidays.
Construction Spending Grows Again in November
Construction spending grew at a seasonally adjusted annual rate of $2,050 billion during November, 0.4% higher than in October, the U.S. Census Bureau reported Tuesday.