Stubbornly high mortgage rates that have remained above 7% for the past two months are taking a heavy toll on builder confidence, as sentiment levels dropped in October to the lowest point since January.
Category: News and Trends
Dealmaker: Berkadia Brokers $71M Georgia Apartment Sale
Berkadia, New York, brokered the sale of Grace Apartment Homes Roswell, a 396-unit garden-style multifamily property in Roswell, Ga., for $70.5 million.
MBA NewsLink Q&A: Donna Schmidt of DLS Servicing on the FHA Loss Mitigation Waterfall
MBA NewsLink spoke with DLS Servicing’s Donna Schmidt on the FHA loss mitigation waterfall.
Sponsored Content: How Lenders Can Reimagine Mortgages Using ERPs
The mortgage is changing. Fast. But, says SAP Fioneer’s David Bomser, sometimes you have to go backwards to truly go forwards.
Optimal Blue: Locks Decline Due to Seasonal Purchase Declines; Rates Hit Multi-Decade Highs
Mortgage rate lock volumes declined 20% in September, largely due to a seasonal decline in purchase activity and further rising interest rates, reported Optimal Blue, Plano, Texas.
MBA Advocacy Update Oct. 23: Federal Banking Agencies Extend Comment Period on Basel III Bank Capital Proposal
This week’s top legislative and policy news from the Mortgage Bankers Association.
MBA Newslink Premier Member Profile: Dark Matter Technologies
(One in a continuing series of profiles of Premier Members of the Mortgage Bankers Association.)
Existing Home Sales Fall
Existing home sales dipped 2% in September, the National Association of Realtors reported Thursday.
ATTOM Finds Profit Margins, Homeownership Tenure, Cash Sales Up
ATTOM, Irvine, Calif., released its third-quarter 2023 U.S. Home Sales Report, showing profit margins on median-priced homes are up from the second quarter, along with other metrics such as homeownership tenure and cash sales.
MBA: Commercial, Multifamily Mortgage Delinquency Rates Increased Slightly in Third Quarter
Delinquency rates for mortgages backed by commercial and multifamily properties increased during the third quarter of 2023, according to the Mortgage Bankers Association’s latest commercial real estate finance Loan Performance Survey.