MBA Research Roundup
Each month, MBA Research releases a roundup of recent data, activities and other pertinent developments that are crucial to the real estate finance industry. For more information regarding MBA Research products, click here.
Now Available: October 2023 MBA Mortgage Finance and Economic Forecasts.
MBA Research Spotlight
MBA Forecast: Commercial/Multifamily Lending Expected to Fall 46 Percent to $442 Billion in 2023
Total commercial and multifamily mortgage borrowing and lending is expected to fall to $442 billion this year, which is a 46 percent decline from 2022’s total of $816 billion. This is according to an updated baseline forecast released earlier this month by MBA.
MBA’s Head of Commercial Real Estate Research Jamie Woodwell said, “The logjam in the commercial real estate markets that began last summer has remained firmly in place. Questions about supply and demand dynamics for some properties, the rise and volatility in interest rates, and the low number of transactions and coinciding lack of price discovery have all contributed to a marked decline in demand for new mortgages. Unfortunately, those and other factors will likely continue to exert downward pressure on borrowing and lending volumes in the coming quarters.”
To view the report, click here.
Recent MBA Data/Releases/Commentary include:
October 4, 2023: Mortgage Applications Decrease in Latest MBA Weekly Survey
October 6, 2023: September Jobs Report Commentary from MBA’s Mike Fratantoni
October 10, 2023: Mortgage Credit Availability Increased in September
October 11, 2023: Mortgage Applications Increase in Latest MBA Weekly Survey
October 15, 2003: MBA Forecast: Mortgage Originations to Increase 19% to $1.95 Trillion in 2024
October 16, 2023: Share of Mortgage Loans in Forbearance Decreases to 0.31% in September
October 18, 2023: Mortgage Applications Decrease in Latest MBA Weekly Survey
October 19, 2023: September New Home Purchase Mortgage Applications Increased 14.9 Percent
October 19, 2023: MBA Forecast: Commercial/Multifamily Lending Expected to Fall 46 Percent to $442 Billion in 2023
October 20, 2023: Commercial and Multifamily Mortgage Delinquency Rates Increased Slightly in Third-Quarter 2023
October 25, 2023: Mortgage Applications Decrease in Latest MBA Weekly Survey
October 26, 2023: Mortgage Application Payments Decreased to $2,155 in September
October 26, 2023: Q3 GDP Commentary from MBA’s Mike Fratantoni
MBA Speaking Engagements
November 8-9, 2023: MBA CREF Technology Officers Roundtable – Jamie Woodwell
November 15-17, 2023: MBA Accounting & Financial Management Conference – Jamie Woodwell and Marina Walsh
To register for MBA’s events and conferences, click here.
Upcoming and Recent Speaking Engagements
November 2, 2023: Commercial Property Executive Voices Webinar – Jamie Woodwell
November 2, 2023: Amerihome Client Conference – Mike Fratantoni
November 7, 2023: Texas MBA Education Symposium, Dallas, TX, – Marina Walsh
November 9, 2023: Blackstar Stability Distressed Debt Fund 2003 Annual Investor Meeting, The National Press Club, Washington, D.C. – Edward Seiler
November 9, 2023: IMN Mortgage Servicing Rights Forum, Brooklyn, NY – Marina Walsh
November 9, 2023: MBA of Arkansas: Economic and Mortgage Market Outlook – Joel Kan
November 13, 2023: Mortgage Bankers Association of SWPA, Pittsburgh, PA – Marina Walsh
November 14, 2023: Lending Tree Summit – Mike Fratantoni
October Charts of the Week:
October 6, 2023: Components of Direct Servicing Operating Costs Total: $177 per Loan
October 13, 2023: Purchase Applications Payment Index for Selected States (March 2012 = 100)
October 20, 2023: Annual Origination Counts (Thousands)
October 27, 2023: Actual and Modeled CRE Lending ($Billions)
Subscribe to MBA’s Chart of the Week here.
