Industry personnel news from HUD, JLL and Greystone.
Category: News and Trends
Delinquency Rates for Commercial Properties Flat in First Quarter of 2024
Delinquency rates overall for mortgages backed by commercial properties were unchanged during the first quarter of 2024, but loans backed by office properties continued to see a rise in delinquencies. This is according to the Mortgage Bankers Association’s (MBA) latest commercial real estate finance (CREF) Loan Performance Survey.
CMF Quote of the Week: April 18, 2024
“While overall delinquencies remained flat, the delinquency rate for loans backed by office properties rose again during the first three months of this year.”
–Jamie Woodwell, MBA’s Head of Commercial Real Estate Research
CREF Policy Update April 18: MBA Joins Broad Coalition Letter Defending Efficacy of Section 1031 Like Kind Exchanges
Commercial and multifamily developments and activities from MBA important to your business and our industry.
High Resolution Volume Drives CMBS Delinquency Rate Lower, Fitch Reports
The U.S. commercial mortgage-backed securities delinquency rate decreased nine basis points to 2.19% in March, according to Fitch Ratings, New York.
RealPage Q1 Apartment Results: Supply Side Dominates Story
RealPage, Richardson Texas, reported that a major influx of apartment supply is continuing to temper rent and occupancy figures in the quarter.
MISMO Seeks Public Comment on Mortgage Compliance Dataset
MISMO, the real estate finance industry’s standards organization, announced that it is seeking public comment on a new Mortgage Compliance Dataset (MCD) specification.
Urban Land Institute: 2024 Will Continue to See Challenges, but Optimism Ahead
The Urban Land Institute, Washington, released its Real Estate Economic Forecast for Spring 2024. Among the major takeaways–while 2024 is seeing a solid economy, high interest rates continue to weigh on the industry.
Survey Finds Life Sciences Incubators Anticipate Gains in Funding, Locations
Most U.S. life sciences incubators anticipate that their funding will increase over the next five to 10 years–and 63% expect to open additional locations–according to a new survey from CBRE, Dallas.
Dealmaker: Dwight Capital, Dwight Mortgage Trust Close Multiple Deals
Dwight Capital and its affiliate REIT, Dwight Mortgage Trust, announced a number of deals in March.