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.
Existing Home Sales Fall to 2-Year Low
Existing home sales fell under five million annually for the first time in more than two years, marking the sixth consecutive monthly decrease, the National Association of Realtors reported Thursday.
2Q Commercial Real Estate Lending Eases
CBRE, Dallas, said commercial real estate lending activity is easing amid heightened market volatility from rising inflation and interest rates.
Initial Claims Dip Slightly
Initial claims for unemployment insurance fell slightly last week after steadily increasing for much of the summer, the Labor Department reported Thursday.
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.
