Commercial and Multifamily Mortgage Delinquencies Declined in July
Delinquency rates for mortgages backed by commercial and multifamily properties declined in July, the Mortgage Bankers Association's latest CREF Loan Performance Survey reported.
MBA: Multifamily Lending Hits $360 Billion in 2020
Last year 2,140 different multifamily lenders provided a total of $359.7 billion in new mortgages for apartment buildings with five or more units, the Mortgage Bankers Association reported.
CDC Issues New Residential Eviction Moratorium Through October 3, 2021
On Tuesday the Centers for Disease Control and Prevention issued a new order temporarily halting residential evictions through October 3 in counties with “heightened levels of community [COVID-19] transmission.”
MBA RIHA: Fewer Households Missed Housing Payments in Second Quarter
Slightly under five million households did not make their rent or mortgage payments in the second quarter, updated research from the Mortgage Bankers Association's Research Institute for Housing America reported.
MBA: GSE Compensation Should be Sufficient to Attract Best Talent
The most important asset Fannie Mae, Freddie Mac and the Federal Home Loan Banks have is their human capital, so their compensation must be sufficient to attract and retain top talent, the Mortgage Bankers Association said in a letter to the Federal Housing Finance Agency Tuesday.
MISMO Creates Community of Practice to Explore Market Need, Potential Standards for ESG Initiatives
MISMO®, the real estate finance industry standards organization, created a new Community of Practice focused on exploring potential standards for Environmental, Social & Governance initiatives to meet the needs of market participants.
Dealmaker: Newmark Closes $146M San Diego Office Sale
Newmark, New York, sold 296,000-square-foot San Diego office complex Sorrento Towers for $146 million.
Demand for Logistics Space to Grow, Led By E-Commerce
Demand for logistics facilities will likely intensify over the next three years. But limited land supplies and increased pressure for environmental sustainability practices must be addressed to sustain this growth, said JLL, Chicago.
Multifamily Nearing Pre-Pandemic Trend
Demand for multifamily housing now exceeds pre-pandemic levels, and Freddie Mac Multifamily projects rising rents, falling vacancies and a record-setting origination market in 2021.
Personnel News From JLL, BWE Investment Sales
Jones Lang LaSalle Inc., Chicago, appointed Ben Breslau to the newly established role of Chief Research Officer, effective immediately. He will work closely with the firm’s Global Executive Board and chair the firm’s Global Research Executive Board.
