MBA Report: IMBs Report 3Q Losses
Independent mortgage banks and mortgage subsidiaries of chartered banks reported a net loss of $624 on each loan originated in the third quarter, the Mortgage Bankers Association reported Friday.
MBA Advocacy Update Nov. 21, 2022
With just a few races left to be finalized, Republicans secured a narrow House majority in the coming Congress earlier this week. And regardless of the December 6 Georgia runoff outcome, Democrats have retained their Senate majority. Leaders and key committee chairs in both chambers will be determined in the coming weeks.
Existing Home Sales Fall 9th Straight Month
October existing home sales fell—the ninth consecutive monthly decrease—the National Association of Realtors reported Friday.
MBA Chart of the Week Nov. 18, 2022: Return to Office Rates
This week’s Chart of the Week highlights data from Kastle Systems for November 3-9, showing the range of daily occupancy rates for 10 major metros. For these metros, the lowest average occupancy rate for a particular day of the week was 32.2 percent, and the highest was 56.0 percent, compared to essentially 100 percent occupancy pre-pandemic for most days.
Dealmaker: Berkadia Completes $48M Apartment Community Sale
Berkadia Institutional Solutions sold Hardy Springs, a 149-unit single-story 55-plus apartment community in suburban Atlanta.
The Week Ahead, Nov. 21, 2022: Busy Week Ahead of Thanksgiving
Good morning, and happy Monday! It’s a short week—but a busy one, with lots happening before the Thanksgiving holidays.
