BREAKING NEWS
Applications at 4-Year Low in MBA Weekly Survey
Mortgage applications fell for the third straight week to their lowest level since 2018, despite interest rates falling for the fourth time in five weeks, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending May 27.
Home prices roared into March like a lion and left March like…well, a lion.
The Conference Board, New York, said its Consumer Confidence Index decreased slightly in May, following a small increase in April.
CBRE, Dallas, raised its hotel performance forecast based on first-quarter strength, slow construction activity, higher inflation and continued optimism about employment and economic growth.
U.S. commercial property price growth ebbed again in April, the third consecutive month of decelerating price gains, reported Real Capital Analytics, New York.
Dan Ticona leads the Housing Solutions team within the Single-Family Client and Community Engagement division at Freddie Mac, McLean, Va., focused on developing innovative solutions to reduce barriers to homeownership.
(One in a series of profiles of MBA member companies that have signed the MBA Home For All Pledge, an initiative to promote inclusion in housing.)
Cushman & Wakefield and Greystone arranged provided acquisition financing for City Heights Hoover, a 160-unit multifamily community in suburban Birmingham, Ala.
For the past two years, as rates plummeted to historical lows—due largely to outside factors—originators and servicers have enjoyed the rushing rapids of origination volume. Now that rates are rising and refi volumes have slowed, organizations need to find other areas of growth, such as non-QM loans and mortgage servicing rights.
Commercial and multifamily mortgage delinquencies declined in the first quarter, the Mortgage Bankers Association reported Tuesday in its Commercial/Multifamily Delinquency Report.
On Wednesday, the Senate voted 49-46 to confirm Sandra Thompson as the Director of FHFA. On Tuesday, MBA sent a letter to the chairs and ranking members of the House and Senate Appropriations Committees, highlighting MBA’s views on the real estate finance industry’s priorities within the T-HUD appropriations bills for FY 2023.
On Wednesday, the Senate voted 49-46 to confirm Sandra Thompson as the Director of FHFA. On Tuesday, MBA sent a letter to the chairs and ranking members of the House and Senate Appropriations Committees, highlighting MBA’s views on the real estate finance industry’s priorities within the T-HUD appropriations bills for FY 2023.
The MISMO Spring Summit takes place June 6-9 in Charleston, S.C.
