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Volume 23 Issue 11

Wednesday, January 17, 2024

MBA: Delinquency Rates for Commercial Properties Increased in Fourth-Quarter 2023

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.

Mortgage Applications Increase in Latest MBA Weekly Survey

Mortgage applications increased 10.4% from one week earlier, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending Jan. 12, 2024.

Yardi Matrix: Rents Fall Again in December 2023

Yardi Matrix, Santa Barbara, Calif., released its Yardi Matrix National Multifamily Report, finding that rents declined for a fifth consecutive month.

MBA VIDEOS

MBA Research Minute

MBA Research Minute

mPower Moments: Hard Work and Limitless Opportunities with Fannie Mae’s Priscilla Almodovar

mPower Moments: Hard Work and Limitless Opportunities with Fannie Mae’s Priscilla Almodovar

MBA Eye on Washington

MBA Eye on Washington

Attendees made HERstory at mPowering You 2023!

Attendees made HERstory at mPowering You 2023!

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TOP NATIONAL NEWS

Trigger Leads–How Borrowers Can Opt Out
The Housing Shortage Is Finally Starting to Ease
The Housing Market Is Breaking Out of Mortgage Rate Lock as a Wave of Sellers Look Poised to List Their Homes in the Coming Years, Zillow Says
Housing Bills 2024: ‘Trigger Leads,’ Hedge Fund Homeowners, Capital Gains on Home Sales
U.S. Supreme Court to Hear Mortgage Escrow Case in February
Shoppers Prefer Staying Outdoors. That’s More Trouble for Malls.
Hotel, Office Conversions Talk Grows Amid Housing Shortage

MBA NEWS

MBA Education Webinar: Cybersecurity Risks, Recovery & Regulatory Requirements–Jan. 25
Jan. 17: CMB Tech Committee Webinar Series–Optimizing Warehouse Expense
Feb. 15: Revisiting Your Servicing Retained Versus Released Decision Webinar

Quote: Jan. 17, 2024

“Mortgage rates declined across all loan types as Treasury yields moved lower last week on incoming inflation data, which helped to support a rise in mortgage applications. The 30-year fixed rate decreased six basis points to 6.75%, the lowest rate in three weeks." --Joel Kan, MBA’s Vice President and Deputy Chief Economist

MISMO Announces 2024 Board of Directors

MISMO®, the real estate finance industry's standards organization, announced its Board of Directors for 2024.

January 16, 2024

Berkadia Finds Some Optimism in Commercial Real Estate Industry

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Berkadia, New York, released its 2024 Powerhouse Poll, revealing industry members’ perspectives on the commercial real estate industry. The survey found 72% of respondents believed institutional transaction volume will be stronger in 2024.

January 16, 2024

Dealmaker: Calmwater Capital Funds $32M Construction Loan to Complete California Mixed-Use Development

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Calmwater Capital, Los Angeles, provided GE Development with a $32.2 million construction loan to complete The One, an 81-unit multifamily development with 13,000-plus square feet of street-level retail in San Gabriel, Calif.

January 16, 2024

People in the News, Jan. 17, 2024

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Industry personnel news from Mr. Cooper, Rocket Cos., MRLP and WFG National Title Insurance Co.

January 17, 2024

LoanLogics’ Roby Robertson: Revolutionizing Mortgage Banks–A Smarter Approach to Staffing with Business Outcome Automation

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Balancing staffing levels with the ebb and flow of interest rate fluctuations poses an ongoing challenge for independent mortgage banks (IMBs).

January 16, 2024

LERETA’s John Walsh: Higher Taxes and Insurance Will Surprise Borrowers with Escrow Accounts in 2024. Are Servicers Ready?

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While homeowners across the U.S. are celebrating the record-high appreciation in their home values and, as a result, their home equity, servicers are preparing for the other shoe to drop: an accompanying rise in real estate taxes, affecting escrow balances and creating issues for both borrowers and servicers.

January 16, 2024

MBA Leads Industry Groups in Submitting Comments Related to Basel III Proposed Rulemaking

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The Mortgage Bankers Association last week led a group of housing and industry trade groups in submitting a comment letter highlighting critical concerns and recommendations related to the Notice of Proposed Rulemaking regarding the implementation of the final components of the Basel III standards.

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