A number of groups thank Reps. Mark Alford (R-Mo.), J. Luis Correa (D-Calif.), Tracey Mann (R-Kan.), and Brittany Pettersen (D-Colo.) for launching the Bipartisan Congressional Real Estate Caucus.
Tag: MBA
EarnUp’s Brian Gunn: As Delinquencies Rise, Lenders, Servicers Must Consider Innovative Repayment Tools
Delinquency rates for some loans are rising, including mortgages. In fact, the Mortgage Bankers Association recently reported that the delinquency rate for mortgage loans on one-to-four-unit residential properties increased to a seasonally adjusted rate of 3.88% of all loans outstanding at the end of the fourth quarter of 2023.
MBA: Total Commercial Real Estate Borrowing and Lending Declined 47% in 2023
Total commercial real estate 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.
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.