Today in MBA News: MBA Technology Solutions Conference & Expo in San Jose; MBA Education Webinar, Ensuring HMDA Data Integrity and Common Reporting Issues; MBA Education School of Mortgage Banking I; MBA Future Leaders Program; MBA State Commercial Mortgage Licensing Resources. To read more, click on today’s MBA News headline.
Category: News and Trends
Mark P. Dangelo: 2023: We Who are About to Die Salute You!
The industry strains and the mitigation strategies demanded in 2023 will not follow traditional cycles of boom and bust—more technology, additional standards, and M&A events. The mortgage industry is being remade, reimaged for the next-gen economies, and the solutions and outcomes will be unfamiliar for many leaders, consultants and outsourcers.
CMBS Sector Outlook: Continued Uncertainty Going into 2023
Kroll Bond Rating Agency, New York, just released its CMBS 2023 Sector Outlook, which looks at key credit trends from 2022 and forecasts U.S. issuance activity for the new year. MBA NewsLink interviewed KBRA’s Larry Kay and Andrew Foster to get their insights on the current lending environment and property fundamentals as well as factors that may affect overall property performance in 2023.
Today’s Top National News Dec. 7 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:
CMBS Delinquency Rate Dips; Forecast Calls for 2023 Increase
Fitch Ratings, New York, said the commercial mortgage-backed delinquency rate fell six basis points in October to 1.89%, but forecast it could increase significantly in 2023.
Dealmaker: Newmark Arranges $127M in New York
Newmark, New York, arranged $127.4 million to refinance 575 Broadway, a mixed-use office/retail building in Manhattan.
CoreLogic: Annual Home Price Growth Slows to Half of Spring Peak
CoreLogic, Irvine, Calif., said year-over-year home price growth remained in double digits in October, at 10.1%, but continued to cool and was the lowest recorded since early 2021.
Black Knight: 8% of 2022 Mortgaged Home Purchases Underwater; FHA Loans See Early-Payment Defaults Rise
Black Knight, Jacksonville, Fla., said of all homes purchased with a mortgage in 2022, 8% are now at least marginally underwater and nearly 40% have less than 10% equity stakes in their home, a situation most concentrated among FHA/VA loans.
MBA: 3Q Commercial/Multifamily Mortgage Delinquencies Remain Low
Commercial and multifamily mortgage delinquencies showed little movement in the third quarter, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Delinquency Report.
Industry Briefs Dec. 6, 2022: Redfin Adds Zoning Data for More Than 70 Million Homes
Through a partnership with Zoneomics, Redfin provides users with a detailed view that educates them on implications of their local zoning guidelines for nearly any home in the U.S. and Canada.