Delinquency rates for mortgages backed by commercial and multifamily properties decreased in January, according to the Mortgage Bankers Association’s latest monthly MBA CREF Loan Performance Survey.
Rates dropped; mortgage applicants pounced; and that’s pretty much the story, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending January 29.
Starting today, MBA will hold its Commercial Real Estate Finance/Multifamily Convention & Expo and Commercial/Multifamily Servicing and Technology Conference together in one virtual event.
The U.S. housing market exceeded expectations in 2020, pricewise, said CoreLogic, Irvine, Calif., closing out the year with the highest annual home price gain—9.2%—since February 2014.
CRE executives’ market sentiment has improved compared to mid-2020, but remains well below year-ago figures, reported RCLCO Real Estate Advisors, Washington, D.C.