Consumer prices rose by 0.5 percent in January and by 6.4 percent annually, the Bureau of Labor Statistics reported Tuesday, as rising food and energy prices reminded consumers that inflation—while well down from its earlier peak—is taking its time getting back to normal.
Category: News and Trends
MBACREF23: MBA Honors CBRE Capital Markets, Genesis Bank as 2023 Diversity, Equity and Inclusion Commercial/Multifamily Leadership Award Winners
SAN DIEGO – The Mortgage Bankers Association recognized CBRE Capital Markets Inc. and Genesis Bank as its 2023 Diversity, Equity and Inclusion Commercial/Multifamily Leadership Award recipients.
#MBACREF23: MBA Presents Chris LaBianca with CREF Distinguished Service Award
SAN DIEGO – The Mortgage Bankers Association presented Chris LaBianca, Managing Director with UBS Real Estate Finance, with the 2023 Commercial Real Estate Finance Distinguished Service Award at its Commercial/Multifamily Finance Convention and Expo.
MBA Joins Commercial Real Estate Diverse Supplier Consortium
The Mortgage Bankers Association and six real estate trade associations on Wednesday announced a first-of-its-kind alliance to foster supplier diversity in real estate.
Dealmaker: Gantry Arranges $12.3M for Seattle Ground Lease
Gantry, San Francisco, secured $12.3 million to refinance a fee-simple ground lease in Seattle’s Fremont neighborhood.
(#MBACREF23) Broeksmit: A ‘Special Urgency in These Uncertain Times’
SAN DIEGO–Mortgage Bankers Association President and CEO Bob Broeksmit, CMB, opened the MBA Commercial/Multifamily Finance Convention & Expo here on Monday with a reminder that circumstances can change in a heartbeat.
People in the News Feb. 15, 2023: BlackFin Group Adds Julie Piepho, CMB; Rocket’s Jay Farner to Retire
BlackFin Group, Englewood, Calif., announced Julie Piepho, CMB, joined the firm as Principal Consultant.
#MBACREF23: Matt Rocco Outlines CMF Priorities, Opportunities
SAN DIEGO—When the Chairman of the Mortgage Bankers Association is from the commercial/multifamily sector, as Matt Rocco is this year, it makes the MBA CREF Convention & Expo a little more dynamic.
#MBACREF23: 2023 Commercial/Multifamily Borrowing, Lending Expected to Fall to $684B
SAN DIEGO – The Mortgage Bankers Association said total commercial and multifamily mortgage borrowing and lending is expected to fall to $684 billion this year, a 15 percent decline from an expected 2022 total of $804 billion.
#MBACREF23: 2023 Commercial/Multifamily Mortgage Maturity Volumes Up 33 Percent
SAN DIEGO – The Mortgage Bankers Association said $331.2 billion of the $2.8 trillion (12 percent) of outstanding commercial and multifamily mortgages held by non-bank lenders and investors will mature in 2023, a 33 percent increase from the $249 billion that matured in 2022.