NEW ORLEANS--In the face of a difficult business climate, the Mortgage Bankers Association is fighting for Independent Mortgage Bankers every day to ensure they can deliver for borrowers, MBA President and CEO Robert Broeksmit, CMB, said here at MBA’s Independent Mortgage Bankers conference.

Homebuyer affordability improved in December, with the national median payment applied for by purchase applicants decreasing to $2,055 from $2,137 in November.

Cap rates in the single-tenant net lease sector increased for the seventh consecutive quarter in late 2023, according to The Boulder Group, Wilmette, Ill.