MBA Newslinks Archive

“Commercial real estate markets are carrying a great deal of momentum as they close out 2016. Strong property fundamentals, increasing property values and sturdy sales activity–particularly among multifamily properties–are driving borrowing and lending to record levels.”–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“The [interest rate-setting] Federal Open Market Committee is giving markets notice that a rate hike is pending absent a significant weakening in the job market or a sharp downturn in inflation.”–Mortgage Bankers Association Chief Economist Mike Fratantoni.

“Home-price growth creates wealth for owners with home equity. A 5 percent rise in home values over the next year would create another $1 trillion in home-equity wealth for homeowners.”–Anand Nallathambi, president and CEO of CoreLogic, Irvine, Calif.

“Rising property values, robust property fundamentals, low interest rates and a strong transaction market continue to drive potentially record setting paces in commercial and multifamily mortgage originations.”–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“The changing velocity and pattern of tech job creation has uniquely impacted office markets. Markets that have experienced accelerated job creation are seeing faster rent growth and decreasing vacancies while slower-growing markets have seen more balanced conditions.”–CBRE Director of Research and Analysis Colin Yasukochi.

“If we can make the mortgage process easier than death, then we can create a level of comfort for the customer in the biggest financial decision of their lives.”–Nancy Pratt, vice president of partner relations and government affairs with Pavaso, Plano, Texas.

“The CFPB takes a broad view of what a ‘service provider’ is. They expect that you are making sure they are doing what they’re supposed to do correctly.”–Jeffrey Naimon, Partner with BuckleySander LLP, Washington, D.C.

“You have undergone intense scrutiny, including from within your own ranks, to diagnose what happened. So the bottom line is that we have come a long way in a short time. The tasks were immense, and they created real strain, both on your end and on ours. But the mortgage market is now in much better shape because of all our joint efforts. And we remain open-minded, in constant listening mode, about how we can identify further improvements as we move forward together.”–Consumer Financial Protection Bureau Director Richard Cordray.

“When we drive a car, the rear view mirror is small, but the windshield is wide open. As an industry, where we have been is important. We do not want to forget the lessons we have learned and the progress we have made in the recent past, but the important work is in the opportunities that lie ahead.”–MBA Chairman Rodrigo Lopez, CMB.

“Strong household formation coupled with further job growth, rising wages and continuing home price appreciation will drive strong growth in purchase originations in the coming years. This comes in context of a strong job market. We see a lot of positive demographics–household formation is picking up and will continue to do so in coming years.”–MBA Chief Economist Mike Fratantoni.