Commercial mortgage delinquencies increased in the third quarter, according to the Mortgage Bankers Association’s latest Commercial Delinquency Report.
Category: News and Trends
First American’s Mark Fleming: The Housing Market Outlook is Not Too Hot, Not Too Cold, But Not Quite Right Either
If the 2020-2021 housing market was ‘too hot,’ then the 2023 market was probably ‘too cold,’ but 2024 won’t yet be ‘just right.’
Mark P. Dangelo: The Path to 2024 Growth–A Sea Change of AI Transformations and Upskilling
With Q* now rumored, the multi-dimensional demands and opportunities for AI solutions have never been greater—but it is not traditional.
Dealmaker: Berkadia Secures $96M in California, Indiana
Berkadia, New York, secured $96.9 million in financing for multifamily properties in California and Indiana.
Quote: Dec. 5, 2023
“Not unexpectedly, delinquency rates on commercial mortgages increased for the third consecutive quarter. Every major capital source saw delinquency rates rise, driven by higher interest rates, changes in some property market fundamentals, and uncertainty about property values. CRE market activity remains muted further complicating the situation.”
–Jamie Woodwell, MBA’s Head of Commercial Real Estate Research.
MBA Premier Member Profile: Experian
(One in a continuing series of profiles of Premier Members of the Mortgage Bankers Association.)
MBA Statement Highlighting Policy Concerns on Credit Reporting Costs
MBA’s President and CEO Bob Broeksmit, CMB, released a statement highlighting policy concerns on credit reporting costs.
Arbor: Single-Family Rental Investment Sector Remains Strong
Arbor, Uniondale, N.Y., released its Single-Family Rental Investment Trends Report for the fourth quarter, highlighting a strong landscape for SFR/build-to-rent construction in the second quarter.
All Star Home: West Virginia Most “House Rich” State
All Star Home, Raleigh, N.C., sought to figure out what state is the most “house rich,” a status it defined as homeownership being dominant and homes being relatively affordable compared to the local median income. Per its analysis, West Virginia took the top spot.
MBA Chart of the Week: CRE Delinquencies and Net YTD Charge-offs at FDIC-Insured Firms
Since March 2023, a recurring set of questions has revolved around a) how conditions in commercial real estate are affecting banks and b) how conditions with banks are affecting CRE.