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Multifamily Lending Down 49% in 2023

Multifamily Lending Down 49% in 2023

by Phil Hall | Aug 16, 2024 | Current News & Events, Industry Updates, Real Estate News, WRE News Exclusive

During 2023, 2,520 multifamily lenders provided a combined total of $246.2 billion in new mortgages for apartment buildings with five or more units during 2023, according to data from the Mortgage Bankers Association (MBA). This represents a 49% decline from 2022...
Mortgage Application Activity Up Nearly 17%

Mortgage Application Activity Up Nearly 17%

by Phil Hall | Aug 14, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity recorded a healthy upswing in new data from the Mortgage Bankers Association (MBA) covering the week ending Aug. 9. The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 16.8% on a seasonally...
Mortgage Credit Availability at 9-Month High

Mortgage Credit Availability at 9-Month High

by Phil Hall | Aug 9, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage credit availability was on the rise last month, according to data from the Mortgage Bankers Association (MBA). The trade group’s Mortgage Credit Availability Index (MCAI) was up by 3.3% to 98.1 in July; the index was benchmarked to 100 in March 2012. The...
Mortgage Application Activity Up by 7%

Mortgage Application Activity Up by 7%

by Phil Hall | Aug 7, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity was on the rise for the week ending Aug. 2, according to new data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 6.9% on a seasonally adjusted...
Mortgage Application Activity Slows Down

Mortgage Application Activity Slows Down

by Phil Hall | Jul 31, 2024 | Current News & Events, Mortgage Information, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity dropped during the week ending July 26, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, decreased 3.9% on a seasonally adjusted basis from...
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