Defined Contribution Capital in Private Real Estate Tops $45B

Capital flows from defined contribution investors into private real estate strategies turned positive last year, with a net $418 million of DC capital moving into real estate, according to the new Private Real Estate in Defined Contribution Survey.

Chart of the Week: FOMC Summary of Economic Projections for Fed Funds Rate

Each quarter, members of the Federal Open Market Committee (FOMC) submit their projections for various economic measures (i.e., real gross domestic product growth, the unemployment rate, inflation, and the federal funds rate). This month’s projections, shown in the Summary of Economic Projections (SEP), include 2028 for the first time.

Servicing Quote of the Week

“I am confident [Brian Vieaux’s] passion for the industry and fresh ideas will drive innovation, increase stakeholder participation, and continue to advance MISMO industry standards that benefit consumers, lenders, and servicers.”
–MBA President & CEO Bob Broeksmit, CMB

Cotality: Home Equity Picture Mixed in Q2

Cotality, Irvine, Calif., released its Homeowner Equity Report for Q2, reporting that the average U.S. homeowner lost approximately $9,200 in equity over the past year.