A New York City man pleaded guilty for his role in a conspiracy to fraudulently acquire multifamily and commercial properties. Boruch “Barry” Drillman was accused of conspiring with at least four others to deceive lenders into issuing $165 million in multifamily and...
The Mortgage Bankers Association (MBA) is forecasting $442 billion in total commercial and multifamily mortgage borrowing and lending for 2023, a 46% drop from the $816 billion generate in 2022. Multifamily lending alone – which is included in the total figures – is...
The District of Columbia Housing Finance Agency (DCHFA) has named Marcus Ervin as senior vice president of multifamily lending and neighborhood investments (MLNI). In his new role, Ervin will serve as the agency’s chief underwriter with responsibilities for developing...
Second quarter commercial and multifamily mortgage loan originations sank by 53% from one year ago, according to new data from the Mortgage Bankers Association (MBA). However, the originations level was up 23% from the previous quarter. Decreases in originations for...
The Mortgage Bankers Association (MBA) has updated its forecast on total commercial and multifamily mortgage borrowing and lending for 2023 and is now predicting this activity sector will end the year at $504 billion, a 38% decline from 2022’s total of $816 billion....
UWM Says VantageScore 4.0 Improves Results for 1 in 4 Borrowers
