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MBA: Commercial/Multifamily Mortgage Debt Outstanding Up 2.8% for 2023

MBA: Commercial/Multifamily Mortgage Debt Outstanding Up 2.8% for 2023

by Phil Hall | Mar 15, 2024 | Commercial Real Estate News, News/Current Events, Real Estate News, WRE News Exclusive

The level of commercial and multifamily mortgage debt outstanding at the end of 2023 was $130 billion higher than at the end of 2022, a 2.8% uptick, according to data from the Mortgage Bankers Association (MBA). On a quarterly measurement, total mortgage debt...
Mortgage Application Activity Up 7.1%

Mortgage Application Activity Up 7.1%

by Phil Hall | Mar 13, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Mortgage application activity was up again in the latest data published by the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 7.1% on a seasonally adjusted basis for the week ended March...
MBA CEO Broeksmit Challenges CFPB Claims of ‘Junk Fees’ in Closing Costs

MBA CEO Broeksmit Challenges CFPB Claims of ‘Junk Fees’ in Closing Costs

by Phil Hall | Mar 11, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The head of the Mortgage Bankers Association (MBA) has criticized the Consumer Financial Protection Bureau (CFPB) of being both “politically motivated” and ignorant regarding the closing costs process in homebuying. On Friday, the CFPB published a blog...
Biden Offers Rare Acknowledgment of Housing Challenges with New Proposals

Biden Offers Rare Acknowledgment of Housing Challenges with New Proposals

by Phil Hall | Mar 8, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

For the first time since he took office, President Biden openly confronted the challenges facing the U.S. housing industry and offered several proposals aimed at homeownership and rental housing. A Last-Minute Acknowledgment Housing market issues were conspicuously...
Mortgage Applications Up 9.7%

Mortgage Applications Up 9.7%

by Phil Hall | Mar 6, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

An increasing volume of Americans were filling out mortgage applications last week, according to data from the Mortgage Bankers Association (MBA). The Market Composite Index, the MBA’s measure of mortgage loan application volume, increased 9.7% on a seasonally...
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