Total commercial real estate (CRE) mortgage borrowing and lending is estimated to have totaled $429 billion in 2023, a 47% decrease from the $816 billion in 2022, and a 52% decrease from the record $891 billion in 2021.
Tag: MBA
People in the News, April 22, 2024
Industry personnel news from MBA, Dovenmuehle, Optimal Blue and Nationwide Property & Appraisal Services.
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.
Celebration of the Life of Dave Stevens to Be Held Feb. 2
There will be a celebration of former MBA President and CEO Dave Stevens’ life on Friday, Feb. 2, 2024, from 2:00 PM to 5:30 PM at Capital One Hall, located at 7750 Capital One Tower Road in Tysons Corner, Va.
MBA Mourns the Passing of Former President and CEO David H. Stevens, CMB
The Mortgage Bankers Association announced Jan. 17 the unexpected passing of former President and CEO David H. Stevens, CMB.
MBA Recognizes 23 Graduates in Inaugural Class of Mortgage Banking Bound Program
MBA Education, the Mortgage Bankers Association education division, recognized 23 graduates in the inaugural year of Mortgage Banking Bound, a certificate program for college students interested in pursuing a career in the residential real estate finance industry.
MBA Letters Oppose Proposed N.Y. Mezzanine Debt/Preferred Equity Tax, Support Like-Kind Exchanges
The Mortgage Bankers Association weighed in to oppose a proposed New York tax and recording requirement for mezzanine debt and preferred equity and to support like-kind exchanges.
Broeksmit: ‘MBA Was Made for Times of Crisis’
In remarks this week during the Mortgage Bankers Association’s virtual Regulatory Compliance Conference, MBA President & CEO Robert Broeksmit, CMB, said the extraordinary events of 2020 have tested everyone’s mettle—including that of MBA.
Share of Mortgage Loans in Forbearance Decreases to 5.83%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey revealed the total number of loans now in forbearance decreased by 7 basis points from 5.90% of servicers’ portfolio volume in the prior week to 5.83% as of October 25, 2020.
Mortgage Credit Availability Decreased in August
Mortgage credit availability decreased in August according to the Mortgage Credit Availability Index, a Mortgage Bankers Association report that analyzes data from Ellie Mae’s AllRegs® Market Clarity® business information tool.