Commercial and multifamily mortgage debt outstanding increased by $70.0 billion (1.6 percent) in the third quarter, the Mortgage Bankers Association reported Tuesday in its quarterly Commercial/Multifamily Mortgage Debt Outstanding Report.
Category: News and Trends
Murali Tirupati of Vaultedge: Leveraging Automation to Maximize ROI on MSR Transfers in a Hot Market
While MSR portfolio purchase drives asset growth for buyers, it also brings its fair share of risks and cost & quality challenges. The question is, how to leverage tech not only to eliminate these risks but also maximize ROI for the acquired MSR assets.
MBA Offers FHFA Recommendations on Housing Equity
The Mortgage Bankers Association, in a letter to the Federal Housing Finance Agency, offered a set of recommendations addressing the Agency’s efforts to improve home equity, particularly with respect to the racial homeownership gap.
Apartment Rents Fall for 3rd Straight Month; Leasing Traffic Remains Soft
RealPage, Richardson, Texas, reported apartment rents declined in November for the third consecutive month.
70% of GenX, Baby Boomers Plan to Stay Put in Retirement
Bank of America, Charlotte, N.C. said its data show 70% of Gen X and Baby Boomers—who account for 70% of the 84.7 million owner-occupied homes in the country—are planning to stay where they are, not just for now, but into retirement.
Black Knight: Purchase Locks Down 22% Despite Lower Rates
Black Knight, Jacksonville, Fla., reported despite a nearly half-percentage-point decrease in mortgage interest rates, overall lock volumes dropped by 21.5% in November and are down 39% over the past three months and 68% off last year.
MBA: 3Q Commercial, Multifamily Mortgage Debt Outstanding Up $70B
Commercial and multifamily mortgage debt outstanding increased by $70.0 billion (1.6 percent) in the third quarter, the Mortgage Bankers Association reported Tuesday in its quarterly Commercial/Multifamily Mortgage Debt Outstanding Report.
Dealmaker: JLL Secures $81M Financing in Northern Virginia
JLL Capital Markets, Chicago, arranged $80.5 million in construction financing for One Logistics Park Building 2, a one million-square-foot distribution warehouse in Winchester, Va.
Today’s Top National News Dec. 13 2022
Here’s a summary of Top National News Items from major news sites and industry trade publications. To get started, click on the headline above:
Quote
“Raising the AMI limits to expand access to these programs would still be beneficial as there are key features of Home Ready and Home Possible loans, such as a 3% down payment, that make homeownership attainable for historically underserved borrowers. The recent changes increasing affordability, paired with expanded access, could have a considerable impact.”
–MBA President & CEO Robert Broeksmit, CMB, in a letter to the Federal Housing Finance Agency.