SAN DIEGO — The Mortgage Bankers Association said $248.8 billion of the $2.6 trillion (12 percent) of outstanding commercial and multifamily mortgages held by non-bank lenders and investors will mature in 2022, a 12 percent increase from the $222.5 billion that matured in 2021.

SAN DIEGO—The Mortgage Bankers Association presented Michael Heagerty, CCMS, Principal and CFO of Gantry Inc., with its 2022 Commercial Real Estate Finance Distinguished Service Award.

Gantry, San Francisco, secured $18.7 million in permanent financing for a four-building Idaho Falls warehouse portfolio, 100 percent leased at loan closing in a mixed-tenant format.

Author Robert H. Schuller is credited for the saying, “Tough times never last, but tough people do.” As the historic refinancing boom has ended and flips to a purchase market, lenders need to be thinking it is time to get tough.

Mortgage credit availability fell to a five-month low in January, the Mortgage Bankers Association reported Tuesday.

Often, people tend to maintain the status quo of the candidate pool and focus solely on skill and training, without being intentional about or giving much consideration to diversity. Here are some tips on how to hire quickly without compromising your commitment to diversity, equity and inclusion:

MBA CONVERGENCE holds a timely webinar, The 2022 Legislative Outlook for Affordable Housing, on Thursday, Feb. 17 from 3:00-3:45 p.m. ET.

The MBA Path to Diversity Scholarship Program recognizes existing industry professionals who are seeking to advance their careers through continuing education.