Dwight Mortgage Trust, the affiliate REIT of Dwight Capital, provided $41.2 million in bridge financing for Amnia, a newly constructed luxury high-rise in downtown Brooklyn, New York.

(One in a recurring series about MBA CONVERGENCE, the Mortgage Bankers Association’s affordable housing initiative.)

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

When looking to cut loan production costs, mortgage bankers tend to look closely at fulfillment—or back office expenses—yet the opportunity for significant savings there is limited.

The Mortgage Bankers Association Builder Application Survey data for December 2023 shows mortgage applications for new home purchases increased 22.2% compared from a year ago. Compared to November 2023, applications decreased by 4%. This change does not include any adjustment for typical seasonal patterns.

Following a joint comment letter with other trade groups submitted last week, the Mortgage Bankers Association also outlined more in depth concerns about the Notice of Proposed Rulemaking regarding the implementation of the final components of the Basel III standards in a separate letter Tuesday.