This spring, the Financial Stability Oversight Council (FSOC) issued a proposal that would remove procedural requirements and allow it to fast-track the designation of non-bank financial companies as systemically important financial institutions (“SIFI”) subject to enhanced supervision by the Federal Reserve.
Category: News and Trends
CREF Policy Update Nov. 2
Commercial and multifamily developments and activities from MBA important to your business and our industry.
CMF Quote of the Week: Nov. 2, 2023
“MBA shares the Biden administration’s commitment to increasing housing supply and appreciates its willingness to engage with us and the industry on ways to incentivize lenders and borrowers to rehab, repurpose, and convert more obsolete commercial properties into affordable rental housing and other usable spaces.”
–Robert Broeksmit, CMB, President and CEO of the Mortgage Bankers Association
Yardi Matrix: Student Housing Down From 2022, but Still Sees Strong Numbers
Yardi Matrix, Santa Barbara, Calif., reported 95.1% of beds at its “Yardi 200” universities were preleased as of the end of September.
Nov. 9: CREF Career Conversations
Commercial/multifamily finance presents a wide array of career opportunities with its ecosystem of companies, roles, and functions supporting the capital needs of real estate owners and operators. Join MBA Education and industry executives for a discussion to explore career trajectories, pivots, and leadership lessons learned.
MBA’s Future Leaders Program Graduates 74 Real Estate Finance Professionals
PHILADELPHIA–The Mortgage Bankers Association recognized 74 mortgage professionals – 35 from the residential market segment and 39 from the commercial/multifamily market segment – in a graduation ceremony for MBA’s Future Leaders Program held here at MBA’s 2023 Annual Convention & Expo.
Dealmaker: Berkadia Brokers $71M Georgia Apartment Sale
Berkadia, New York, brokered the sale of Grace Apartment Homes Roswell, a 396-unit garden-style multifamily property in Roswell, Ga., for $70.5 million.
MBA: Commercial, Multifamily Mortgage Delinquency Rates Increased Slightly in Third Quarter
Delinquency rates for mortgages backed by commercial and multifamily properties increased during the third quarter of 2023, according to the Mortgage Bankers Association’s latest commercial real estate finance Loan Performance Survey.
CMF Quote of the Week: Oct. 26, 2023
“The delinquency rate for loans backed by commercial properties has now increased for four consecutive quarters. The delinquency rate for loans backed by office properties now exceeds those of loans backed by retail and hotel properties, while the delinquency rates for multifamily and industrial property loans remain below one percent.”
–Jamie Woodwell, MBA’s Head of Commercial Real Estate Research
MBA Forecast: Commercial/Multifamily Lending Expected to Fall 46% to $442 Billion in 2023
Total commercial and multifamily mortgage borrowing and lending is expected to fall to $442 billion this year, which is a 46% decline from 2022’s total of $816 billion. This is according to an updated baseline forecast released today by the Mortgage Bankers Association (MBA).