Commercial real estate lending is in a pivotal moment, despite recent data suggesting improvement last year. CRE borrowing was up 16% YOY in 2024 to an estimated total of $498 billion, according to a report from the Mortgage Bankers Association. It remains down, however, from $816 billion in 2022, a 39% drop. Reggie Booker, MBA’s…
Megan Booth has been promoted to VP of Commercial/Multifamily Policy for the Mortgage Bankers Association. In her new position, Booth will spearhead the development and execution of policy objectives and goals, while leading federal and state regulatory issues pertaining to commercial real estate finance. “Megan is a recognized policy expert who consistently delivers for MBA…
The Mortgage Bankers Association promoted longtime employee Jamie Woodwell to SVP of Commercial/Multifamily Policy and Strategic Industry Engagement. Woodwell, a CRE expert, has worked with MBA for twenty years. He most recently served as VP and Head of Commercial Real Estate Research In his new role, he will oversee MBA’s public policy and member engagement…
Commercial and multifamily mortgage debt increased in Q3 2024 thanks to a boom in multifamily construction. The Mortgage Bankers Association’s Commercial/Multifamily Mortgage Debt Outstanding quarterly report showed debt rising by $47.7 billion (1%). That puts total debt in these categories at $4.75 trillion. Multifamily drove the push with a 1.4% bump, up $29.8 billion to…
Commercial mortgage delinquencies rose in Q1 2024 as the CRE world faces a mountain of financial stress. The Mortgage Bankers Association’s (MBA) latest Commercial Delinquency Report focuses on delinquencies for five of the largest investor-groups: commercial banks and thrifts, commercial mortgage-backed securities (CMBS), life insurance companies, and Fannie Mae and Freddie Mac. These groups hold…
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