CBRE, Dallas, said commercial real estate lending activity is easing amid heightened market volatility from rising inflation and interest rates.
Category: News and Trends
Dealmaker: Marcus & Millichap Closes $56M in Office, Multifamily
Marcus & Millichap, Calabasas, Calif., closed $56.4 million in office and multifamily property sales.
IMBs Report Second Quarter Losses
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net loss of $82 on each loan they originated in the second quarter, the Mortgage Bankers Association reported Thursday.
Quote
“The second quarter of 2022 did not yield the usual spring seasonal pick-up in purchase activity, in an environment of higher mortgage rates, low housing inventory and affordability challenges.”
–Marina Walsh, CMB, MBA Vice President of Industry Analysis.
Former House Speaker Paul Ryan Keynotes MBA Annnual22 Opening General Session
Former House Speaker Paul Ryan, R-Wis., keynotes the Opening General Session at the Mortgage Bankers Association’s Annual Convention & Expo on Monday, Oct. 24 at 8:30 a.m. CT.
FHFA, Ginnie Mae Update Capital, Liquidity, Net Worth Requirements for Seller/Servicers, Issuers
The Federal Housing Finance Agency and Ginnie Mae updated their minimum financial eligibility requirements for seller/servicers and issuers on Wednesday.
MBA: Commercial/Multifamily Borrowing Up 19 Percent Year-Over-Year
Commercial and multifamily mortgage loan originations increased 19 percent in the second quarter compared to the same period last year, the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations reported.
Quote
“The second quarter of 2022 did not yield the usual spring seasonal pick-up in purchase activity, in an environment of higher mortgage rates, low housing inventory and affordability challenges.”
–Marina Walsh, CMB, MBA Vice President of Industry Analysis.
MBA Home For All Pledge Partner: SimpleNexus
SimpleNexus, an nCino Company, is an award-winning developer of mobile-first technology for the modern mortgage lender founded in 2011.
Chris Sabbe of PHH Mortgage on the Subservicing Industry
Chris Sabbe is Senior Vice President of Enterprise Sales for PHH Mortgage. A recognized leader in the subservicing industry, he is responsible for managing and growing the company’s enterprise sales and actively onboarding new MSR/Co-Issue sellers.