Applications Fall in MBA Weekly Survey
Mortgage applications fell by nearly 2 percent last week, although falling interest rates sparked an uptick in refinance applications, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending December 2.
JLL, Chicago, reported third quarter real estate investment fell nearly 25% year-over-year global to $234 billion.
Fitch Ratings, New York, said stronger headwinds brought on by a slowing U.S. economy and falling home prices will likely weigh on U.S. mortgage insurers next year.
Commercial and multifamily mortgage delinquencies showed little movement in the third quarter, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Delinquency Report.
Northmarq’s Atlanta office closed $13.3 million in retail property sales in New York and Georgia.
JLL hired Kristy David as a Senior Vice President for its Clean Energy and Infrastructure Advisory team.
Tony Furr is Vice President of Sales and Business Development with Anomaly Squared, Greensboro, N.C. Nikki Reives is the company's Director of People Operations.
Dawar Alimi is CEO and Co-Founder of Lender Price, Pasadena, Calif., a provider of cloud-native pricing technology to the lending space. He has more than two decades of mortgage industry expertise, during which he has built industry-leading technology and founded several companies.
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 and its member companies continue to make significant strides in furthering diversity, equity and inclusion (DEI) within the real estate finance industry. It is our collective mission to ensure that our industry’s workforce reflects the communities we serve.
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.