This week’s top legislative and policy news from the Mortgage Bankers Association.
Category: News and Trends
Today: Make the Most of Your MBA Membership: Level Up Your Engagement
Learn how you can leverage MBA’s resources to reach your business goals, discover new ways to fast track your access to member benefits, and meet the dedicated faces behind MBA’s Membership team who are here to support you.
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MBA: Share of Mortgage Loans in Forbearance Decreases to 0.44% in June
The Mortgage Bankers Association’s monthly Loan Monitoring Survey revealed the total number of loans now in forbearance decreased by 5 basis points to 0.44% of servicers’ portfolio volume as of June 30, 2023.
MBA: Commercial, Multifamily Mortgage Delinquency Rates Increase Slightly
Delinquency rates for mortgages backed by commercial and multifamily properties increased slightly during the second quarter, the Mortgage Bankers Association’s latest commercial real estate finance Loan Performance Survey reported.
CBRE: Rapid Global Data Center Growth Despite Power Supply Challenges
CBRE, Dallas, reported that power supply has struggled to keep pace with data center industry growth internationally.
Dealmaker: Northmarq Arranges $13M for The Opus in New Jersey
Northmarq, Minneapolis, arranged $13 million in financing for The Opus, a 49-unit Class A multifamily property in North Arlington, N.J.
Fannie Mae, Redfin Find Home Prices Are Up
Fannie Mae in its Home Price Index found single-family home prices were up 3% in the second quarter from the same period in 2022.
S&P: U.S. Job Growth Makes July Rate Hike Likely
Payroll jobs continue to grow and the unemployment rate remains near a 50-year low, making it likely the Federal Reserve will increase the Fed Funds rate later this month, said S&P Global Ratings, New York.
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