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Volume 23 Issue 51

Thursday, March 14, 2024

MBA: Commercial and Multifamily Mortgage Debt Outstanding Increased in Fourth Quarter

The level of commercial and multifamily mortgage debt outstanding at the end of 2023 was $130 billion (2.8%) higher than at the end of 2022, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.

Permits for Homes Fell in 2023, Point2 Reports

Point2, Saskatoon, Saskatchewan, released its Housing Construction Report for the U.S., finding that 70% of U.S. metros experienced declines in permitting in 2023.

Industry Briefs, March 15, 2024

Industry news from TitleEQ, Liquid Logics, Ginnie Mae, BSI Financial Services, Bizzy Labs and Informative Research.

MBA VIDEOS

MBA Research Minute

MBA Research Minute

MBA Eye on Washington

MBA Eye on Washington

mPower Moments: Serving Diverse Communities with CNB’s Dr. Vanessa Montañez

mPower Moments: Serving Diverse Communities with CNB’s Dr. Vanessa Montañez

Princess Mackie Buys a House Visits a New Orleans Elementary School

Princess Mackie Buys a House Visits a New Orleans Elementary School

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TOP NATIONAL NEWS

Mortgage Application Volumes Increase for Second Straight Week
Weekly Mortgage Demand Jumps Again as Interest Rates Fall Just Below 7%
Lenders Score Win as IRS Sidelines Plan to Restrict Tax Data
It’s Hard to Beat That 7% Mortgage Rate. These Charts Show Why.
$22 Trillion Worth of the Housing Market—or 44% of All Homes in the U.S.—Is at Risk of Severe or Extreme Damage From Environmental Threats
Goldman Sachs to Resume Bets on U.S. Property, Other Investors Warn of More Pain
Concrete Is One of the World’s Worst Pollutants. Making It Green Is a Booming Business.

MBA NEWS

Virtual Option Available: Artificial Intelligence & Mortgage-The Art of the Possible: June 3
MISMO Spring Summit: June 3-6 in San Francisco

Quote: March 14, 2024

"The amount of commercial mortgage debt outstanding grew in the final quarter of 2023 and for the year as a whole. However, the increase was among the slowest paces since the mid-2010s." --Jamie Woodwell, MBA’s Head of Commercial Real Estate Research

Dealmaker: Mesa West Capital Originates $26M Mezzanine Loan for Office-to-Multifamily Conversion

Mesa West Capital, New York, provided American Real Estate Partners, McLean, Va., with a $26.1 million mezzanine loan for the conversion of a 200,000-square-foot office building into a 199-unit multifamily community in Old Town Alexandria, Va.

March 13, 2024

MBA Education Path to Diversity Scholar Profile: Andrey Kuchik, AMP

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(One in a continuing series of profiles of participants in the MBA Education Path to Diversity (P2D) Scholarship Program, which enables employees from diverse backgrounds to advance their professional growth and career development.)

March 13, 2024

BeSmartee’s Tim Nguyen-Beyond the Mirage: Transforming Your Mortgage Business with a Modern Trifecta Approach

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What is your mortgage company’s trifecta? What combination of value-add can you bring together to transform your borrowers’ relationship with your business?

March 14, 2024

Mortgage Applications Increase in Latest MBA Weekly Survey

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Mortgage applications increased 7.1% from one week earlier, according to the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending March 8, 2024.

March 13, 2024

Debarchana Roy From Tavant: Sustainable Housing, Inclusive Lending–Toward a Unified Vision for Mortgage Industry Transformation

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In today's rapidly evolving mortgage industry, two key pillars stand tall: sustainability and diversity, equity and inclusion.

March 13, 2024

Optimal Blue: Spring Homebuying Season Kicks Off With Increase in Origination Activity

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Optimal Blue, Plano, Texas, released its February 2024 Originations Market Monitor report, finding an increase in monthly purchase mortgage locks. That propelled a net increase in origination activity despite the interest rate environment.

March 14, 2024

Mark Dangelo: In an Age of Everything AI, ‘Superman, Where are You Now?’

If you want to compete in an Age of AI against well-funded competitors, staying the course may prove to be Kryptonite to sustainability.

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