iBorrow, Los Angeles, closed a $41.6 million loan to refinance a portfolio of five properties in Palm Beach, Fla.
Category: News and Trends
MBA Chart of the Week July 3, 2023: Office Property Sales Volumes and Values
In commercial real estate, all eyes remain on the office market. That is despite the fact that multifamily mortgage debt – accounting for $2.0 trillion of the $4.6 trillion of total outstanding — is almost three times as large and office accounts for just 17 percent of total CRE debt.
Veterans Optimistic About Homebuying, Survey Finds
Veterans United Home Loans, Columbia, Mo., found 55% of veterans and service members surveyed feel homebuying is within reach.
July 26: MBA Condo Lending Summit 2023
This year’s one-day, in-person MBA Condo Lending Summit will feature experts from government regulators and agencies, along with condo lending veterans from the industry.
Quote: July 5, 2023
“The market isn’t nearly as fast as it was 18 months ago, when homes were flying off the market for well over asking price, and it’s not as slow as it was six or seven months ago, when mortgage rates first shot up.”
–Oakland, Calif. Redfin Agent Andrea Chopp.
MBA Advocacy Update July 3, 2023
This week’s top legislative and policy news from the Mortgage Bankers Association.
MISMO Seeks Public Comment on Updated Version 3 XML Reference Model General Information Guide
MISMO, the real estate finance industry’s standards organization, announced that it is seeking public comment on the updated Reference Model Version 3 XML General Information Guide.
Typical U.S. Home Sells For $4,000 Less Than Last Year, Redfin Reports
The median U.S. home-sale price dipped 0.9% year over year to roughly $383,000, reported Redfin, Seattle.
Incenter’s Piercy, Dowell and Hamrick: Optimizing MSR Trades While Minimizing Risks
Mortgage servicing rights trading has remained brisk thus far in 2023. To help buyers and sellers capitalize on this important strategy while minimizing their risks, MBA NewsLink interviewed Tom Piercy, Managing Director, and Bob Dowell, Managing Director, Analytics, with Incenter Mortgage Advisors and Pamela Hamrick, President of Incenter Diligence Solutions.
MBA Research Roundup June 2023
Each month, MBA Research releases a roundup of recent data, activities and other pertinent developments crucial to the real estate finance industry.