Commercial and multifamily mortgage delinquencies declined in the second quarter, the Mortgage Bankers Association’s latest Commercial/Multifamily Delinquency Report said.
Category: News and Trends
#MBARMQA22: ‘Holding the Line to Protect Your Companies’
NASHVILLE, TENN.—Mortgage Bankers Association President & CEO Bob Broeksmit, CMB, said sound risk management practices make the difference in an evolving mortgage market.
Home Building Increases in Disaster-Prone Areas
More than half of homes built today face fire risk, compared to 14% of homes built from 1900 to 1959, as suburbanization and a shift to the Sun Belt push builders into more vulnerable areas, said Redfin, Seattle.
CMBS Loan Delinquency Rate Drops Below 2%
Fitch Ratings, New York, said the commercial mortgage-backed securities delinquency rate fell eight basis points in August to 1.97% due to continued strong resolutions and fewer new delinquencies.
MBA White Paper: Office Market ‘Likely Changed Forever’
The ongoing tug of war between employers and employees about returning to the office will accelerate as pandemic-related impacts fade, according to a new Mortgage Bankers Association white paper.
Foreclosure Starts Back at Pre-Pandemic Levels
ATTOM, Irvine, Calif., said foreclosures and foreclosure starts rose in August, reaching levels not seen since before the pandemic.
Black Knight: Tappable Equity Likely Peaked in Spring
Black Knight, Jacksonville, Fla., said falling home prices likely resulted in homeowners’ tappable equity peaking this past May.
Fitch: Rising Rates, Inflation Weigh on Insurance Sector
Fitch Ratings, Chicago, said inflationary pressures and a potential modest recession could pave the way for a revision of sector outlooks to “Deteriorating” for North American insurers before the year is out.
REITs Finish Second Quarter on Positive Note
Trepp LLC, New York, reported real estate investment trust earnings turned positive in the second quarter as most firms beat their consensus earnings estimates.
MBA Regulatory Compliance Conference in D.C. Sept. 18-20
The Mortgage Bankers Association’s annual Regulatory Compliance Conference takes place Sept. 18-20 at the Grand Hyatt in Washington, D.C.