Fitch Ratings, New York, lowered its U.S. real estate investment trust sector outlook to Deteriorating from Neutral.
Category: News and Trends
Dealmaker: Madison Realty Capital Originates $262M Construction Loan for Miami Condos
Madison Realty Capital, New York, originated a $262 million construction loan to developers PMG and E11EVEN Partners for E11EVEN Residences Beyond, a luxury development in Miami.
Quote: June 9, 2023
“Home equity trends closely follow home price changes. As a result, while the average amount of equity declined from a year ago, it increased from the fourth quarter of 2022, as monthly home prices growth accelerated in early 2023.”
–CoreLogic Chief Economist Selma Hepp
Owning a Home Still Important in Vision of ‘Good Life,’ Survey Says
Aspirations to homeownership remain high, despite rising interest rates and home prices.
David Allison from Dovenmuehle: Context Is Key in Formulating a Response to Mortgage Default Data
For those who attended MBA’s Servicing Solutions Conference in February, the unveiling of the delinquency data for the fourth quarter of 2022 caused quite a stir.
MISMO Seeks Public Comment on New Standardized Dataset for VA Verification of Benefits
MISMO®, the real estate finance industry’s standards organization, announced at its 2023 Spring Summit it is seeking public comment on a MISMO dataset mapping for the U.S. Department of Veterans Affairs Verification of Benefits (Form 26-8937).
Commercial Real Estate Reset? A Special Servicing Roundtable
As property sale transactions and originations stall, MBA NewsLink interviewed two special servicing executives and a CMBS researcher to get their insights on the commercial real estate finance landscape and outlook.
MBA Weekly Survey June 7, 2023: Applications Decrease
Mortgage applications decreased 1.4 percent from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending June 2, 2023.
Christine Chandler of M&T Realty Capital Corp. Nominated to Be 2024 MBA Vice Chair
The Mortgage Bankers Association announced that Christine Chandler, Executive Vice President, Chief Credit Officer and Chief Operating Officer with M&T Realty Capital Corp. (RCC), has been nominated to serve as MBA’s Vice Chair for the 2024 membership year.
Fannie Mae: Perceived Homebuying, Home-Selling Conditions Diverge Further in May
Fannie Mae, Washington, D.C., said its Home Purchase Sentiment Index decreased by 1.2 points in May to 65.6 as affordability constraints continue to color consumers’ perceptions of homebuying and home-selling conditions.