The Mortgage Bankers Association, in a July 6 letter to the Federal Housing Finance Agency, asked FHFA for more definitive guidance on the government-sponsored enterprises’ policies on mortgages for properties that include short-term rental units.
Category: News and Trends
Personnel News From Arbor Management Acquisition Co., Greystone
Arbor Management Acquisition Co., New York, appointed Peter Miklius Vice President of Acquisitions.
June Commercial, Multifamily Mortgage Delinquencies Hold Steady
Delinquency rates for mortgages backed by commercial and multifamily properties held steady in June, the Mortgage Bankers Association’s latest monthly CREF Loan Performance Survey said.
Freddie Mac: Moratoria Staved Off Eviction Crisis During Pandemic
Freddie Mac, McLean Va., said federal and local moratoria in response to the COVID-19 pandemic largely prevented an eviction crisis involving property renters—but the amount of back rent still owed is a “concerning factor” going forward.
CBRE: U.S. Needs 330M Square Feet of Distribution Space to Meet eCommerce Demand
CBRE, Dallas, estimated the U.S. will need an additional 330 million square feet of distribution space by 2025 just to handle projected increases in online ordering.
Dealmaker: Berkadia Closes $146M in Multifamily Transactions
Berkadia recently closed $146.2 million in multifamily transactions in Virginia.
Quote
“While the steady return to normal pre-pandemic routines brings a sense of optimism, the economic impact of COVID-19 will have a lingering effect, particularly on renters who owe back rent and were protected by eviction moratoriums. We found that there is likely enough rental assistance available, and the deployment and accessibility of these funds is vital to supporting renters and property owners in need as the country transitions to a post-pandemic normal.”
–Corey Aber, Freddie Mac Senior Director of Mission, Policy and Strategy.
Personnel News:
Walker & Dunlop, Bethesda, Md., hired Susan Mello as Group Head of Capital Markets.
CREF Policy Update July 8, 2021
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
Personnel News From
Greystone, New York, announced Sampada D’silva joined the firm as a Deputy Chief Credit Officer.