(#MBACREF23) Broeksmit: A ‘Special Urgency in These Uncertain Times’
SAN DIEGO–Mortgage Bankers Association President and CEO Bob Broeksmit, CMB, opened the MBA Commercial/Multifamily Finance Convention & Expo here on Monday with a reminder that circumstances can change in a heartbeat.
#MBACREF23: Matt Rocco Outlines CMF Priorities, Opportunities
SAN DIEGO—When the Chairman of the Mortgage Bankers Association is from the commercial/multifamily sector, as Matt Rocco is this year, it makes the MBA CREF Convention & Expo a little more dynamic.
#MBACREF23: 2023 Commercial/Multifamily Borrowing, Lending Expected to Fall to $684B
SAN DIEGO – The Mortgage Bankers Association said total commercial and multifamily mortgage borrowing and lending is expected to fall to $684 billion this year, a 15 percent decline from an expected 2022 total of $804 billion.
#MBACREF23: 2023 Commercial/Multifamily Mortgage Maturity Volumes Up 33 Percent
SAN DIEGO – The Mortgage Bankers Association said $331.2 billion of the $2.8 trillion (12 percent) of outstanding commercial and multifamily mortgages held by non-bank lenders and investors will mature in 2023, a 33 percent increase from the $249 billion that matured in 2022.
#MBACREF23: 4Q Commercial/Multifamily Borrowing Down 54%
SAN DIEGO--Commercial and multifamily mortgage loan originations were 54 percent lower in the fourth quarter from a year ago and decreased by 23 percent from the third quarter, the Mortgage Bankers Association reported Monday.
