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Volume 22 Issue 215

Thursday, November 02, 2023

Fed Holds Rates Steady

The Federal Reserve’s Federal Open Market Committee announced it would be holding the target range for the federal funds rate unchanged yesterday, as it continues to aim for a 2% objective for inflation.

CMBS Delinquency Rate Dips, KBRA Reports

The delinquency rate among KBRA-rated commercial mortgage-backed securities dipped four basis points in October to 4.21%, the rating agency reported.

Dealmaker: Cushman & Wakefield, Greystone Involved in $14.6M Transaction for Georgia Multifamily Property

Greystone, New York, provided $14.6 million in acquisition financing for a multifamily property in Georgia. Cushman & Wakefield, New York, arranged the sale.

MBA VIDEOS

MBA Path to Diversity Scholarship Program

MBA Path to Diversity Scholarship Program

MBA Eye on Washington

MBA Eye on Washington

MBA Research Minute

MBA Research Minute

mPower Moments: On Leading with Kindness with Mortgage Connect’s Cristy Ward

mPower Moments: On Leading with Kindness with Mortgage Connect’s Cristy Ward

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TOP NATIONAL NEWS

MBA Cautions Against FSOC Designations for Nonbank Mortgage Companies
MBA CEO Calls FSOC Proposal to Regulate Non-Banks “Unnecessary”
How Biden’s Team Plans to Unlock More Office-to-Apartment Conversions
What Are the Options for Real Estate Owners Facing Loan Defaults
Millennials Found as Most Pressured by Sky-High Mortgage Rates – Report
Adjustable-Rate Mortgage Demand Jumps Nearly 10% as Buyers Struggle to Afford Housing Market
This Old-School Building Material Could Take Over City Skylines
Mortgage-Banking Income at Banks Increases
Heard on the Street: These Cities Have the Unhappiest Homeowners

MBA NEWS

Register by Dec. 11 to Save: MBA Independent Mortgage Bankers Conference, Jan. 22-24
MISMO Winter Summit Jan. 8-11, 2024

Quote: Nov. 2, 2023

"The FOMC left the federal funds rate target unchanged at the November meeting and did not show any indication of a move at its next meeting in December." --MBA Chief Economist Mike Fratantoni

To the Point With Bob: FSOC’s Bid to Regulate Non-Bank Firms Will Harm Consumers, Mortgage Sector

In a new blog post, MBA President and CEO Bob Broeksmit, CMB, delves into the FSOC push to regulate non-bank firms, and how that could negatively affect the sector.

November 01, 2023

Census Bureau: Rental, Homeowner Vacancy Rates Increase Slightly

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The national vacancy rate for rental and owned homes increased slightly during the third quarter, the Census Bureau reported.

November 01, 2023

MBA Research Roundup

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Each month, MBA Research releases a roundup of recent data, activities and other pertinent developments that are crucial to the real estate finance industry.

November 01, 2023

Pamela Hamrick of Incenter Diligence Solutions: Elevating QC to a Growth Leader

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Just before Labor Day, Fannie Mae instituted new prefunding quality control review requirements, leading to larger discussions of the financial impact of QC processes on mortgage lenders. MBA NewsLink asked Pamela Hamrick, President, Incenter Diligence Solutions, to elaborate.

November 01, 2023

MBA Weekly Survey Nov. 1: Mortgage Applications Decrease

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Mortgage applications decreased 2.1 percent from one week earlier, according the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending October 27, 2023.

November 01, 2023

Today at 2:00 ET: CONVERGENCE: Strategies for Serving Millennial and Gen Z Homebuyers

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Join us for an educational webinar to explore the unique housing challenges and emerging trends that millennials and Gen Z homebuyers face.

October 31, 2023

August Indexes Show Price Gains

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The Federal Housing Finance Agency released its price index for August, showing a 0.6% month-to-month gain and a 5.6% annual gain in U.S. house prices.

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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.

President and CEO: Robert Broeksmit, CMB

Publisher: Marcia Davies, Chief Operating Officer

Vice President of Public Affairs: John Mechem

Editor: Michael Tucker | 202/557-2851

Editorial Manager: Anneliese Mahoney | 202/557-2938

Senior Advertising & Editorial Specialist: Emani Curry | 202/557-2774
Advertising Opportunities: Bill Farmakis | 203/834-8832