Congress is currently wrestling with several large economic bills—including a massive $3.5 trillion Administration-backed infrastructure bill as well as numerous fiscal year 2022 budget proposals. How to pay for these measures remains hotly debated.
Category: News and Trends
CMBS Delinquency Rate Drops Sharply
The commercial mortgage-backed securities delinquency rate declined sharply in August, posting the largest drop in six months, reported Trepp LLC, New York.
MBA: Commercial, Multifamily Delinquencies Continue Downward Trend
Delinquency rates of mortgages backed by commercial and multifamily properties have broadly improved in recent months, according to two new Mortgage Bankers Association reports.
MBA Appoints Amber Lawrence as AVP of Diversity, Equity and Inclusion
The Mortgage Bankers Association appointed Amber Lawrence as Associate Vice President of Diversity, Equity and Inclusion, responsible for advancing DEI programs for the association and overall real estate finance industry.
Dealmaker: Meridian Capital Group Arranges $55M for New York Mixed-Use Property
Meridian Capital Group, New York, arranged $55 million to refinance The Urban, a Class A mixed-use property in Flushing, Queens, N.Y.
Ida Losses at $16 – $24 Billion in Insured, Uninsured Flood Losses in Northeast
(Hurricane Ida damage in Houma, La. Photo courtesy National Geodetic Survey.) CoreLogic, Irvine, Calif., released additional loss estimates for Hurricane Ida, following its initial release estimating between $27 billion and …
Hotel Metrics, Debt Markets Bounce Back
The hotel sector continues to bounce back from a devastating 2020, according to new reports from STR and JLL Hotels.
HUD: Without New Housing Supply, Cost Burdens to Increase
HUD released its latest research on innovative strategies being pursued by state and local governments to remove regulatory barriers to affordable housing and increase housing supply, while cautioning that without “significant” news housing, cost burdens are likely to increase.
Fitch Ratings: Life Insurers Have Significant Commercial Mortgage Default Headroom
Fitch Ratings, New York, said potential stress on U.S. life insurers’ commercial mortgage portfolios will not drive rating downgrades, given the industry’s strong capitalization, current loan quality and historical loss experience.
CREF Policy Update Sept. 16, 2021
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.