Commercial and multifamily mortgage delinquencies increased in the second quarter of 2023, according to the Mortgage Bankers Association’s latest Commercial/Multifamily Delinquency Report.
Category: News and Trends
MBA Weighs in With Senate on Property Insurance Market
The Mortgage Bankers Association weighed in with the Senate Committee on Banking, Housing and Urban Affairs last week regarding challenges in the property insurance market and their impact on consumers.
Dealmaker: Stonehill Provides $52M Construction Loan for Phoenix-Area Multifamily
Stonehill’s commercial real estate group, Stonehill CRE, Atlanta, announced a $52 million senior loan facility to Starpoint Properties for a multifamily site in Mesa, Ariz., near Phoenix.
Data Center Construction Reaches Record High, Driven by AI Growth: CBRE
Demand for data center space overshadowed economic uncertainty and concerns around power availability in the first half of 2023, according to CBRE. Construction of North American data centers reached a record high in part due to the continued growth of artificial intelligence.
CREF Policy Update Sept. 14: Senate Banking Committee Examines Property Insurance Market Challenges
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Support the Next Generation of CREF Professionals
The Commercial Real Estate Finance Careers Student Fellowship program provides college students, including those from groups traditionally underrepresented in the industry, with a package of networking and educational opportunities centered on the $4.5 trillion commercial real estate finance industry.
CMF Quote of the Week: Sept. 7, 2023
“Housing choice vouchers are some of the strongest tools we have to help families find stable and affordable housing.”
–HUD Secretary Marcia L. Fudge
MISMO Seeks Public Comment on ESG Reference Material
MISMO, the real estate finance industry’s standards organization, today announced that it is seeking public comment on the new Defining the E and S Reference Guide and the related Data Implementation Considerations Guide.
Real Estate Investors Buying 45% Fewer Homes Than Last Year, Redfin Finds
Redfin, Seattle, reported that the drop in home purchases by investors outpaced the second-quarter drop in overall home sales. Investor home purchases fell 45% from last year, compared with an overall market drop of 31%.
MBA Chart of the Week: Multifamily Borrowing and Lending, 2022
With more than $4.5 trillion of mortgage debt outstanding, commercial real estate finance markets are large and diverse.