The delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.88% of all loans outstanding at the end of the fourth quarter of 2023, according to the Mortgage Bankers Association’s National Delinquency Survey.

MBA’s President and CEO Bob Broeksmit, CMB, released a statement in response to commentary made on independent mortgage banks during last week’s Congressional hearings on the Financial Stability Oversight Council’s Annual Report to Congress.

DLA Piper, London, released its 2023 Year-End Real Estate Trends report, noting that its transaction volume has begun to resemble pre-pandemic levels. In terms of what that environment looks like, the firm reported community--where people live and the goods and services they want close to home--was a recurring presence.