MBA: Share of Mortgage Loans in Forbearance Drops to 1.18%
The Mortgage Bankers Association’s monthly Loan Monitoring Survey reported loans now in forbearance decreased by 12 basis points to 1.18% of servicers’ portfolio volume as of Feb. 28 from 1.30% in January. MBA estimates 590,000 homeowners are in forbearance plans.
CREF Policy Update: SEC Issues Notice of Proposed Rulemaking on Climate Risks
The Securities and Exchange Commission on Monday voted 3-1 to release a Notice of Proposed Rulemaking that includes amendments requiring a domestic or foreign registrant to include certain climate-related information in its registration statements and periodic reports.
JLL, CBRE, Eastdil Secured Lead MBA 2021 CMF Originators
The Mortgage Bankers Association released its 2021 Rankings of Commercial/Multifamily Mortgage Firms by origination volumes. Top commercial/multifamily mortgage originators in 2021 included the following:
Cushman & Wakefield: Considerable Scope for Commercial Real Estate to Absorb Rate Increases
Changes in interest rates and changes in commercial real estate cap rates have a weak relationship historically, said Cushman & Wakefield, Chicago.
MBA Chart of the Week Mar. 18 2022: Consumer Inflation Expectations
Inflation as measured by the Consumer Price Index reached an annual rate of nearly 8% in February. Over the past 12 months, inflation has increased steadily from less than 2% to 7.9%, compared to an average just under 2% in the five years prior.
