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Category: News and Trends
Chart of the Week: IMB Pre-Tax Net Production Income by Average Loan Balance in Q1 2025
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a pre-tax net loss of $28 on each loan they originated in the first quarter, according to MBA’s newly released Quarterly Mortgage Bankers Performance Report.
Quote of the Day
“Owners and developers are navigating heightened economic and policy uncertainty, which likely bogged down much of this month’s planning activity.”
–Sarah Martin, associate director of forecasting at Dodge Construction Network
MBA Applauds House Passage of VA Partial Claims Bill
MBA’s President and CEO Bob Broeksmit, CMB, released a statement on the passage of the VA Home Loan Program Reform Act (H.R. 1815) in the U.S. House of Representatives.
CBRE Forecasts Modest Hotel RevPAR Growth
CBRE, Dallas, forecasts that hotel revenue per available room will grow modestly this year, driven in part by the continued outperformance of urban locations.
Commercial Planning Increases 1% in April
The Dodge Momentum Index grew 0.9% in April to 205.1, indicating an increase in planning for commercial buildings, the Dodge Construction Network reported.
N.Y. Fed President John Williams Offers Economic Outlook
NEW YORK–John Williams, President and CEO of the Federal Reserve Bank of New York, offered an optimistic but measured view of the economy during a session at MBA’s Secondary and Capital Markets Conference.
Dealmaker: Merchants Capital Secures $33M for Affordable Housing Development in Minnesota
Merchants Capital, Carmel, Ind., announced $32.9 million in financing for the construction of an affordable and supportive multifamily housing development in St. Paul, Minn.
Existing-Home Sales Dip in April
Existing-home sales slowed in April, the National Association of Realtors reported.
MBA’s Bob Broeksmit Shares Video Response to the Latest on GSE Release
MBA President and CEO Bob Broeksmit, CMB, released the following statement May 22.