Economic uncertainty remains high for commercial real estate through the rest of 2023, reported JPMorgan Chase & Co., New York.
Category: News and Trends
#MBACMST23: Facing up to Office Sector Challenges
CHICAGO–The office sector faces major challenges, but servicers and asset managers can handle them, panelists said here at the MBA Commercial/Multifamily Finance Servicing and Technology Conference.
#MBACMST23: Loan Maturities–What to Expect When Expecting
CHICAGO–Maturity defaults could increase due to higher interest rates, but they will likely be moderate, panelists said here at the MBA Commercial/Multifamily Finance Servicing and Technology Conference.
MBA Forecast: 2023 Commercial/Multifamily Lending to Fall 20%
CHICAGO–Total commercial and multifamily mortgage borrowing and lending is expected to fall to $654 billion this year, a 20 percent decline from $816 billion in 2022, according to an updated baseline forecast released here by the Mortgage Bankers Association at its 2023 Commercial/Multifamily Finance Servicing & Technology Conference.
Dealmaker: Greystone Provides $32 Million for Texas Multifamily
Greystone, New York, provided a $32.1 million Fannie Mae Delegated Underwriting & Servicing loan for The Villas at Foxbrick, a 412-unit multifamily property in Humble, Texas.
#MBACMST23: Learn from the Downturns
CHICAGO–Real estate has always been a cyclical industry, so we can learn a lot from past downturns, panelists noted here at the MBA Commercial/Multifamily Finance Servicing and Technology Conference.
#MBACMST23: How Servicers Stay Ahead of Challenges
CHICAGO–Commercial mortgage servicers must be able to adapt and pivot to face their daily challenges, servicing veterans noted at the MBA Commercial/Multifamily Finance Servicing and Technology Conference.
Deadline May 26: COMBOG Call for Nominations
The MBA Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG) Nominating Committee is soliciting member recommendations for individuals to serve on the Board beginning October 2023 in the Investor, Lender, Mortgage Banker and Associate categories.
CMF Briefs May 18, 2023
Commercial and multifamily briefs from ULI, StorageCafe and CBRE.
CMF Quote of the Week: May 18, 2023
“What brought back the securitization industry is the New York Fed saying ‘we are going to back the senior bonds; we’ll create more structure, create new oversite and make it a little bit tighter.’ That created and improved the CMBS industry we see today. If it wasn’t for groups like the MBA working with the New York Fed, the CMBS industry would not have been revived.”
–Alan Kronovet Jr., CCMS, Head of Commercial Mortgage Servicing with Wells Fargo Bank, Charlotte, N.C.