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.

Gantry, San Francisco, secured $12.3 million to refinance a fee-simple ground lease in Seattle’s Fremont neighborhood.

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.

BlackFin Group, Englewood, Calif., announced Julie Piepho, CMB, joined the firm as Principal Consultant.

Appraisal bias occurs when a property is undervalued or inaccurately assessed based on any of the protected class variables. Any appraisal bias based on race of the homeowner or racial make-up of a neighborhood can seriously affect minority homeowners.

One common mistake mortgage companies make when faced with an overwhelming task like building out a risk management program is to kick the can down the road. They decide they are too busy, and the job is too big, so they’ll dig in once things quiet down. This creates two problems