DBRS Morningstar, Toronto, reported the delinquency rate for loans packaged in commercial mortgage-backed securities surged 31 basis points in July. The special servicing rate rose for the fifth straight month, increasing 24 basis points during July.
Category: News and Trends
Commercial and Multifamily People in the News Aug. 24, 2023
Gantry, San Francisco, announced Christine Kim as its new Chief Marketing Officer.
To the Point With Bob: Rent Control Will Deepen the Affordable Housing Crisis
In a new blog post, MBA President and CEO Bob Broeksmit, CMB, explains why rent control policies will perpetuate the housing supply-demand disconnect.
CMF Quote of the Week: Aug. 24, 2023
“The rise in interest rates combined with available investment returns in other fixed-income investment opportunities continue to be the primary drivers for the upward pressure on cap rates.”
–Boulder Group President Randy Blankstein
CREF Policy Update Aug. 24: MBA CEO Broeksmit Takes On Rent Control
Commercial and multifamily developments and activities from MBA important to your business and our industry.
CONVERGENCE: Navigating the Obstacles in Multifamily Housing: Perspectives from the Affordable Rental Housing Advisory Council Aug. 29
The demand for affordable housing continues to outstrip supply, and steep rental increases exacerbate the problem. Policy measures alone won’t solve these issues. MBA members have sought innovative ways to address the ongoing challenges in this space.
Call for Speakers – MBA Commercial/Multifamily Finance Convention & Expo 2024
Speaking opportunities for breakout sessions are now being accepted for MBA’s Commercial/Multifamily Finance Convention & Expo 2024 (CREF24), taking place February 11 – 14 at the Manchester Grand Hyatt in San Diego.
CBRE Survey Points to Expectations of Commercial Real Estate Price Stabilization
CBRE, Dallas, found in a survey that capitalization rates have begun to level off, and in a release said commercial real estate pricing appears poised to stabilize in the second half of this year.
Commercial/Multifamily Borrowing Declines 53% Year-Over-Year in Second-Quarter 2023
Commercial and multifamily mortgage loan originations were 53% lower in the second quarter of 2023 compared to a year ago, and increased 23% from the first quarter of 2023, according to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
CREF Policy Update: Aug. 17, 2023
Commercial and multifamily developments and activities from MBA important to your business and our industry.