“Research suggests that, by the year 2050, more powerful storms, a rise in sea level and warmer atmospheric temperatures will give hurricanes a greater capacity to hold more moisture. Simultaneously, warmer sea surface temperatures give storms the fuel to penetrate further inland to locations previously shielded from consequential damage.”
–From CoreLogic’s 2023 Hurricane Risk Report.
Ongoing stress caused by higher interest rates, uncertainty around property values and questions about fundamentals in some property markets are beginning to show up in commercial mortgage delinquency rates.
This week’s top legislative and policy news from the Mortgage Bankers Association.
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.
Conventional thinking says the office market is in crisis, but Boxwood Means, Stamford, Conn., found small-cap office properties aren’t seeing the same trends.
The Bureau of Labor Statistics said total nonfarm payroll employment was up by 339,000 in May, while the unemployment rate ticked up by 0.3 percentage point to 3.7%.
Nearly one-third of buyers expect home prices to decline in their local housing market in 2023, nearly double the 17 percent who said the same in 2022, reported Auction.com, Irvine, Calif.
Michael McFadden from OptiFunder discusses recent advances in Artificial Intelligence.
MISMO®, the real estate finance industry’s standards organization, today announced that Version 3.6 of the MISMO Reference Model has reached “Candidate Recommendation” status, meaning that it has been thoroughly reviewed by a wide range of organizations and industry participants and is available for use across the industry.
The Mortgage Bankers Association announced a revamped version of the CONVERGENCE section of its website, aiming to benefit its members and a broader audience.
