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Volume 22 Issue 206

Friday, October 20, 2023

MBA: Commercial, Multifamily Mortgage Delinquency Rates Increased Slightly in Third Quarter

Delinquency rates for mortgages backed by commercial and multifamily properties increased during the third quarter of 2023, according to the Mortgage Bankers Association's latest commercial real estate finance Loan Performance Survey.

ATTOM Finds Profit Margins, Homeownership Tenure, Cash Sales Up

ATTOM, Irvine, Calif., released its third-quarter 2023 U.S. Home Sales Report, showing profit margins on median-priced homes are up from the second quarter, along with other metrics such as homeownership tenure and cash sales.

CoreLogic: Annual Single-Family Rent Growth Moderates, but Price Squeeze Persists

Annual single-family rent growth slowed to 2.9% in August, the sixteenth consecutive month of declines, according to CoreLogic, Irvine, Calif.

MBA VIDEOS

MBA's Bob Broeksmit Thanks You for Renewing Your Membership

MBA's Bob Broeksmit Thanks You for Renewing Your Membership

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

Higher Mortgage Rates Will Complicate Housing Affordability in 2024: Fannie Mae
The Average Long-Term U.S. Mortgage Rate Surges to 7.63%, Holding at Highest Level Since 2000
Banks Report Continued Pain on Commercial Real Estate Loans
Study: Sunbelt States Have Higher Household Debt Than Midwest States
Distressed CRE Reaches Ten-Year High
How 100,000 Apartments in New York City Disappeared

MBA NEWS

Oct. 24: Using Data Analysis as Part of a Strong Fair Lending Compliance Program
MISMO Winter Summit Jan. 8-11, 2024
Jan. 22-24: MBA Independent Mortgage Bankers Conference
School of Mortgage Servicing Online: Oct. 23-Nov. 2

Quote: Oct. 20, 2023

"Commercial property markets are working through challenges stemming from uncertainty about some properties’ fundamentals, a lack of transparency into where current property values are, and higher and volatile interest rates. The result has been a slow and steady uptick in delinquency rates, concentrated among loans facing more of those challenges." --Jamie Woodwell, MBA's Head of Commercial Real Estate Research

Existing Home Sales Fall

Existing home sales dipped 2% in September, the National Association of Realtors reported Thursday.

October 19, 2023

Dealmaker: JLL Arranges $125M For Lifestyle Retail Center in Tennessee

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JLL Capital Markets, Chicago, arranged $125 million in cash-out refinancing for The Avenue Murfreesboro, a 846,500-square-foot mixed-use lifestyle center in Murfreesboro, Tenn.

October 18, 2023

MISMO Calls for Participation in Title and Closing Docs to Data Workgroup

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MISMO®, the real estate finance industry's standards organization, announced a call for industry professionals to join the Title and Closing Docs to Data Development Workgroup.

October 19, 2023

MBA: September New Home Purchase Mortgage Applications Increased 14.9%

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The Mortgage Bankers Association Builder Application Survey data for September 2023 shows mortgage applications for new home purchases increased 14.9 percent from a year ago.

October 19, 2023

ULI: Investors Can Leverage Climate Risk Disclosure Data

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The Urban Land Institute, Washington, D.C., said investors can leverage the data resulting from government regulations that require real estate companies to disclose climate-related risks related to their properties and overall business models.

October 18, 2023

MBA Forecast: Commercial/Multifamily Lending Expected to Fall 46% to $442 Billion in 2023

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Total commercial and multifamily mortgage borrowing and lending is expected to fall to $442 billion this year, a 46% decline from 2022’s total of $816 billion. This is according to an updated baseline forecast released today by the Mortgage Bankers Association.

October 19, 2023

Celebrating 50 Years of the Certified Mortgage Banker Designation

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We're celebrating the 50th anniversary of the Certified Mortgage Banker (CMB) designation program and you too can become part of the elite group that has achieved the highest level of professional success.

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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

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