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Volume 22 Issue 234

Tuesday, December 05, 2023

MBA: Commercial Mortgage Delinquency Rates Increased in Third Quarter

Commercial mortgage delinquencies increased in the third quarter, according to the Mortgage Bankers Association’s latest Commercial Delinquency Report.

All Star Home: West Virginia Most “House Rich” State

All Star Home, Raleigh, N.C., sought to figure out what state is the most “house rich,” a status it defined as homeownership being dominant and homes being relatively affordable compared to the local median income. Per its analysis, West Virginia took the top spot.

Arbor: Single-Family Rental Investment Sector Remains Strong

Arbor, Uniondale, N.Y., released its Single-Family Rental Investment Trends Report for the fourth quarter, highlighting a strong landscape for SFR/build-to-rent construction in the second quarter.

MBA VIDEOS

Industry Leaders On Why You Should Attend MBA’s Annual IMB Conference

Industry Leaders On Why You Should Attend MBA’s Annual IMB Conference

MBA Research Minute

MBA Research Minute

mPower Moments: On Balancing Motherhood and Career Success with MBA’s Ashley Marshall

mPower Moments: On Balancing Motherhood and Career Success with MBA’s Ashley Marshall

Attendees made HERstory at mPowering You 2023!

Attendees made HERstory at mPowering You 2023!

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TOP NATIONAL NEWS

Big Lenders Will See Profit Freeze Through Spring, Moody’s Says
White House Acts to Boost Housing
Rising Credit Report Costs Cast Shadow on FHFA’s Credit Score Overhaul
Buyers Battle High Mortgage Rates, Expensive Real Estate in Search for Homes
Another Rate Hike Could Trigger U.S. Recession: CIO
Government-Backed Mortgage Loan Caps Rising to $1,149,825 in OC, LA

MBA NEWS

Designed by IMBs for IMBs: MBA Independent Mortgage Bankers Conference Starts Jan. 22
School of Mortgage Banking III in Nashville, January 23-26
MISMO Boot Camp: February 12-13 (Online)
MBA Awards More Than $156,000 in Path to Diversity Scholarships

Quote: Dec. 5, 2023

"Not unexpectedly, delinquency rates on commercial mortgages increased for the third consecutive quarter. Every major capital source saw delinquency rates rise, driven by higher interest rates, changes in some property market fundamentals, and uncertainty about property values. CRE market activity remains muted further complicating the situation." --Jamie Woodwell, MBA’s Head of Commercial Real Estate Research.

MBA Chart of the Week: CRE Delinquencies and Net YTD Charge-offs at FDIC-Insured Firms

Since March 2023, a recurring set of questions has revolved around a) how conditions in commercial real estate are affecting banks and b) how conditions with banks are affecting CRE.

December 04, 2023

Fitch: 2024 Outlook for Mortgage Insurers Revised to Neutral

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Fitch Ratings, New York, has revised its 2024 sector outlook for U.S. mortgage insurers to neutral. Previously the outlook had it at deteriorating.

December 04, 2023

MBA Premier Member Profile: Experian

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(One in a continuing series of profiles of Premier Members of the Mortgage Bankers Association.)

December 05, 2023

First American’s Mark Fleming: The Housing Market Outlook is Not Too Hot, Not Too Cold, But Not Quite Right Either

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If the 2020-2021 housing market was ‘too hot,’ then the 2023 market was probably ‘too cold,’ but 2024 won’t yet be ‘just right.’

December 04, 2023

Dealmaker: Berkadia Secures $96M in California, Indiana

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Berkadia, New York, secured $96.9 million in financing for multifamily properties in California and Indiana.

December 05, 2023

Mark P. Dangelo: The Path to 2024 Growth–A Sea Change of AI Transformations and Upskilling

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With Q* now rumored, the multi-dimensional demands and opportunities for AI solutions have never been greater—but it is not traditional.

January 09, 2024

Designed by IMBs for IMBs: MBA Independent Mortgage Bankers Conference Starts Jan. 22

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Join MBA in New Orleans for a conference held by independent mortgage bankers for independent mortgage bankers, where IMBs give direct input on all conference content.

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One Voice. One Vision. One Resource. The Mortgage Bankers Association (MBA) is the national association representing the entire real estate finance industry. For more information visit us at our website.

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