MBA Newslinks Archive

“The pause in the upward momentum of the delinquency rate is a positive sign for investors.” –Manus Clancy, Senior Managing Director with Trepp, New York, on commercial mortgage-backed securities delinquency rates.

“One size fits all simply does not work when designing bank regulatory regimes.”–MBA Senior Vice President of Legislative and Political Affairs Bill Killmer, in a letter to House Financial Services Committee Chairman Jeb Hensarling, R-Texas, ahead of a committee vote on the Financial CHOICE Act of 2016.

“Rising home values in Florida and California, in particular, are creating hurdles for potential buyers–and, therefore, are continuing to drive a growing single-family rental market featuring strong rent increases and low vacancy rates.”–Wally Charnoff, CEO of RentRange, Denver.

“Housing is one-fifth of the gross domestic product in this country. It should be one of the top five economic platforms of any President’s agenda.”
–MBA President and CEO David Stevens, CMB.

“On the one hand, we are comforted by the continual growth in accommodated demand. After all, if people stop traveling, nothing else really matters. On the other hand, there continues to be a disconnect between the record occupancy levels and the inability of hoteliers to increase room rates.”–CBRE Hotels Senior Managing Director Mark Woodworth.

“Implementation of TRID in the fourth quarter of 2015 is directly responsible for both the increase in compliance-related defects and the critical defect rate for the entire industry, as defect rates for all other categories continue to decrease. Prior to Q4 2015, lenders were doing an excellent job of driving down critical defect rates, and once the industry begins to implement corrective action plans for TRID-related defects, we expect to see the overall and compliance critical defect rates to trend downward once more.”–Phil McCall, COO of Aces Risk Management, Pompano Beach, Fla.

“Global financial market volatility, weak foreign economies, low alternative investment yields and a variety of factors creating uncertainty have reinforced the advantages of direct investment in U.S. commercial real estate. Together, these forces have drawn additional foreign investment to the U.S., encouraging many to focus on capital preservation and asset stability rather than yield.” –Marcus & Millichap Vice President of Research Services Jay Lybik.

“The overall health of the housing market looks great at first glance, but dig a bit deeper you’ll find inequality between renters and homeowners. Even though the majority of homeowners are confident and believe now is a good time to sell, they’re holding off because they expect home values to continue to appreciate and want to ride the wave. They also don’t want to turn around and become buyers in a competitive market.”–Zillow Chief Economist Svenja Gudell.

“For most capital sources, commercial and multifamily mortgage delinquency rates are near the lowest levels seen during the past 20 years. Strong property fundamentals, rising property values and solid mortgage availability are all supporting these rates.”–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“With elevated prepayment activity, we continued to see hits to servicing profitability resulting from mortgage servicing right markdowns and amortization. Nonetheless, the profitability on the production side of the business generally outweighed servicing losses.”–MBA Vice President of Industry Analysis Marina Walsh.