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Volume 22 Issue 218

Tuesday, November 07, 2023

MBA: Commercial/Multifamily Borrowing Down 49% in Third Quarter

Commercial and multifamily mortgage loan originations were 49% lower in the third quarter of 2023 compared to a year ago, and decreased 7% from the second quarter, according to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.

ICE Mortgage Monitor: Affordability Continues to Weigh on Market

Intercontinental Exchange, Atlanta, released the November 2023 Mortgage Monitor Report, highlighting that high interest rates continue to drag down affordability and dampen demand.

Dealmaker: NewPoint Provides $22.5M for Idaho Workforce Housing Development

NewPoint Real Estate Capital, Plano, Texas, provided $22.5 million in HUD/FHA 221(d)(4) construction-to-permanent financing for the development of a workforce housing community being built in Victor, Idaho, near the state’s border with Wyoming.

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

The Slow-Motion Crisis in Commercial Real Estate
HELOC Originations Tumble
Developers Eyeing Biden’s Office-to-Apartment Conversion Initiative
Renters Get a Bit of Relief on Surge in Apartment Construction
3 Cities Face a Climate Dilemma: To Build or Not to Build Homes in Risky Places

MBA NEWS

Nov. 7: Get to Know MISMO – The Key to Accelerating the Industry’s Digital Future
Register by Dec. 11 to Save: MBA Independent Mortgage Bankers Conference, Jan. 22-24
MISMO Winter Summit Jan. 8-11, 2024

Quote: Nov. 7, 2023

“Borrowing and lending were down for every property type and capital source from one year ago. However, compared to this year’s second quarter, volumes were more stable, and some sectors – including industrial properties and life company lenders – showed an uptick in volume.” --Jamie Woodwell, MBA’s Head of Commercial Real Estate Research

MBA Chart of the Week: Monthly Payroll Growth and Unemployment Rate

This week’s Chart of the Week highlights the October Employment Situation results released Friday.

November 03, 2023

Industry Briefs Nov. 7, 2023

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Industry news from FHA, CoreLogic, LenderLogix, Down Payment Resource, Ncontracts, findCRA and FormFree.

November 08, 2023

TRUE’s Ari Gross: Inside the AI Eye: How Machines Accurately Read Borrower Documents

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We continually hear about advances in artificial intelligence (AI) the changes to how we live and work. The technology has evolved so much it’s now used for highly complex, more “human” tasks: writing, illustrating, driving a car, even delicate surgery.

November 03, 2023

U.S. Payroll Up 150,000 in October, Shows Signs of Weakening

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The U.S. economy added 150,000 nonfarm employment jobs in October, the U.S. Bureau of Labor Statistics reported.

November 21, 2023

Join the MBA Opens Doors Foundation’s #GivingTuesday Campaign

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Join the MBA Opens Doors Foundation for #GivingTuesday, a global movement of generosity and kindness. On November 28, come together with industry colleagues to help keep families with critically ill or injured children in their homes. All it takes is one act of kindness at a time.

November 02, 2023

A “Fool’s Gambit”—Surviving until 2025? A Mark Dangelo Editorial

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This downturn is one of the greatest opportunities for small and medium sized lenders—but only if they use data ideation to lead.

November 03, 2023

MBA Advocacy Update Nov. 6: FSOC Finalizes Interpretive Guidance and Analytical Framework on Nonbank SIFI Designation; HFSC Hearings on Flood

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This week’s top legislative and policy news from the Mortgage Bankers Association.

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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

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