Commercial and multifamily mortgage loan originations fell by 56 percent in the first quarter from a year ago, and fell by 42 percent from the fourth quarter, according to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
Category: News and Trends
MISMO Seeks Public Comment on Enhanced Version of Industry Loan Application Dataset
MISMO®, the real estate finance industry standards organization, seeks public comment on an enhancement to the Industry Loan Application Dataset (iLAD), an industry standard for exchange of loan application information.
People in the News May 11, 2023: Go Mortgage Names Jessica Manna Chief Marketing Officer
Go Mortgage, Columbus, Ohio, named Jessica Manna as its chief marketing officer, responsible for overseeing all marketing initiatives and strategies to further promote Go Mortgage’s brand and drive business growth.
Jason Wilborn of Accenture Credit Services: Tech Dreams
I was listening to a panel of industry executives when it occurred to me something incredibly important was missing from the conversation topics. The all-important intangible component, the dream of home ownership. The dream you ask? More on what I mean in just a minute.
Dealmaker: JLL Arranges $350M Capitalization for New York Residential Tower
JLL, Chicago, arranged a $350 million debt and equity capitalization to develop The Italic, a 363-unit luxury mixed-use community in Long Island City, N.Y.
CBRE: Multifamily Fundamentals Begin to Stabilize
The U.S. multifamily sector is beginning to stabilize as vacancy rate expansion and negative absorption ease, reported CBRE, Dallas.
Quote: May 10, 2023
“Uncertainty and volatility in regard to interest rates and property values, and supply and demand imbalances for some property types, has led to a logjam in commercial real estate sales and financing markets.”
–Jamie Woodwell, MBA Head of Commercial Real Estate Research.
April Mortgage Credit Availability Down 1%
Mortgage credit availability fell in April to its lowest level since 2013, the Mortgage Bankers Association reported Tuesday.
Mark P. Dangelo: In an AI Reimagined Financial World, It Begins with the Consumer (Part 1)
AI is undergoing its “Halo and Horns Effect”—everything it touches is anticipated to turn into a pot of gold or end civilization. However, while the promise is unprecedented, the realities of being able to define, build, and sustain dynamic AI initiatives are innovatively and operationally complex. For organizations to succeed, they will require an iterative framework that is principle encased, delivered with precise actions of rationale, and all the while continuously mitigating hidden implications.
In This Month’s CMB Technology Committee Newsletter
The CMB Technology Committee May newsletter is out, with valuable news and information for MBA Certified Mortgage Bankers.