There is a great deal of uncertainty as to the health of the U.S. real estate business in 2023, of course, and we’re all hearing plenty of negative narrative as the industry contracts in the face of lower overall loan volumes. However, that’s not what many lenders are focused on. We’ve spoken to many lenders who are finding bright spots – opportunities amidst the challenges.
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.
MBA Advocacy Update Dec. 5, 2022
The Federal Housing Finance agency last week published its 2023 maximum conforming loan limits for mortgages eligible to be acquired by Fannie Mae and Freddie Mac. FHA also published its 2023 Nationwide Forward Mortgage limits for FHA-insured Title II mortgages.
Report Highlights Importance of Prioritizing Biodiversity for Conserving Nature, Reducing Carbon Emissions
By taking steps to preserve biodiversity, real estate and land use professionals can protect critical natural resources, dramatically reduce carbon emissions, and enhance the value of their properties, according to a report from the Urban Land Institute.
Home Delistings Hit Record High in November as Buyers, Sellers Retreat
The shifting housing market appears to have caught a lot of home sellers by surprise: A record 2% of U.S. homes for sale were delisted each week on average during the 12 weeks ending Nov. 20, compared to 1.6% one year earlier, according to Redfin, Seattle.
Employment Holds Steady, Slowing Slightly
November employment numbers slowed slightly from October, the Bureau of Labor Statistics reported Friday.
MBA Chart of the Week Dec. 2, 2022: GSE Conforming Loan Limits
Last week, the Federal Housing Finance Agency announced conforming loan limits for mortgages eligible to be acquired by Fannie Mae and Freddie Mac in 2023. The 2023 loan limit for one-unit properties for most of the country will be $726,200, an increase of $79,000 from $647,200 in 2022.
Former MBA Chair Brian Stoffers, CMB, Announces Retirement
Brian Stoffers, CMB, Global President of Debt and Structured Finance with CBRE and former Chair of the Mortgage Bankers Association, announced plans to retire next year.
State Regulators Encourage Licensees to Prepare for NMLS Renewal Period
The Conference of State Bank Supervisors encourages state licensees to begin taking steps to prepare for the Nationwide State Licensing System license renewal period, which ends on Dec. 31.