Fitch Ratings, New York, reported property-level net operating income for loans securitized within Fitch-rated U.S. multi-borrower CMBS grew 6.3% in 2022, but warned that kind of growth likely won’t be sustainable this year.
Category: News and Trends
CoreLogic: Mortgage Performance Still Strong in April
CoreLogic, Irvine, Calif., released its Loan Performance Insights Report for April, showing that despite some small upticks in certain areas, mortgage delinquencies remain near record lows
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: Mortgage Application Payments Increase 2.5% to $2,165 in May
Homebuyer affordability declined further in May, with the national median payment applied for by purchase applicants increasing 2.5% to $2,165 from $2,112 in April, the Mortgage Bankers Association reported.
Quote: June 30, 2023
“Mortgage performance remained strong in April, with overall delinquencies at minimal levels and serious delinquencies at a 23-year low.”
–Molly Boesel, Principal Economist with CoreLogic, Irvine, Calif.
FHA Increases Threshold for Large Multifamily Loans to Be Eligible for Standard Underwriting
The Federal Housing Administration on Wednesday increased the threshold at which a multifamily loan is considered a large loan from $75 million to $120 million. The Mortgage Bankers Association commended the move.
Yardi Matrix: Multifamily Rents See Small Growth in First Half of 2023
Yardi Matrix, Santa Barbara, Calif., found multifamily asking rents grew $17, or 0.9%, with year-over-year growth decelerating to 2.6% through the first five months of 2023.
Relocating Homebuyers Look Far Afield, Redfin Reports
More than one-quarter of homebuyers nationwide are looking to move to a different metro area, reported Redfin, Seattle.
ServiceMac’s Bob Caruso: How Technology is Rapidly Transforming Mortgage Servicing
The servicing industry continues to evolve and adapt as market conditions change. Given the market shifts, servicers can focus on technology advancements to maximize operational efficiency, manage risk and remain compliant, while providing superior customer service. In fact, the latest advancements in servicing technology are changing the way mortgages are serviced.
July 20: 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.