SAN DIEGO–Commercial and multifamily mortgage loan originations were 54 percent lower in the fourth quarter from a year ago and decreased by 23 percent from the third quarter, the Mortgage Bankers Association reported Monday.
Category: News and Trends
Quote: Feb. 15, 2023
“The very, very low rates seen in recent years were not the norm; they were a response to an event. Money should not be free. And we are getting back to that, I expect.”
–TIAA President & CEO and former Federal Reserve Vice Chair Roger Ferguson, speaking at CREF23.
Michael Carpenter of Ncontracts: 5 Steps for Easing into ERM
One common mistake mortgage companies make when faced with an overwhelming task like building out a risk management program is to kick the can down the road. They decide they are too busy, and the job is too big, so they’ll dig in once things quiet down. This creates two problems
Reena Agrawal of Veros: Using AVMs to Test for Appraisal Bias
Appraisal bias occurs when a property is undervalued or inaccurately assessed based on any of the protected class variables. Any appraisal bias based on race of the homeowner or racial make-up of a neighborhood can seriously affect minority homeowners.
(#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.
#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 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.
#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.
Dealmaker: Berkadia Completes $20.35M Sale of California Multifamily Property
Berkadia, New York, sold YOLO West Apartments, a 45-unit multifamily property, plus retail stores, in Ventura, Calif.
People in the News Feb. 14, 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.