Capital markets disruptions contributed to a 16% year-to-year drop in commercial and multifamily originations during the fourth quarter but fundamentals in the market remain strong, according to the Mortgage Bankers Association. The association said the decline occurred "across most property types and investor groups." Exceptions to this included the government-sponsored enterprises, which saw a 41% dollar volume increase compared to last year's fourth quarter; and hotel and healthcare property loans, which respectively saw 349% and 3% jumps in volume during the same period. "The increase in hotel originations was heavily influenced by large portfolio sales during the period," the association said.
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The increasing frequency and severity of droughts was top of mind for panelists at AmeriCatalyst's "Going to Extremes" conference Thursday.
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In a Senate hearing, Director Sandra Thompson said a raise to the required income threshold provided to affordable housing was on the table, while housing regulators also faced questions related to property insurance hikes and title insurance waivers.
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The nonpayment rate for non-qualified mortgages is up 21 basis points from February and 134 basis points from March 2023, Morningstar DBRS said.
April 18 -
The government mortgage-bond guarantor will require additional information on foreclosure prevention actions, and retire some forbearance reporting.
April 18 -
But views are split, at least in the near-term on whether rising mortgage rates are holding back the Spring home purchase season.
April 18 -
The top five producers had an average dollar volume of FHA loans of more than $50 million in 2023.
April 18