Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
Category: News and Trends
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“Capital markets helped bolster commercial mortgage lending at year-end as equity prices rose and corporate loan spreads tightened.” –CBRE Global President of Debt & Structured Finance for Capital Markets Brian Stoffers, CMB.
MBA Letter Offers Recommendations on Improving CRA Framework
The Mortgage Bankers Association, in a letter to the Federal Reserve, offered recommendations on how the Fed could improve the Community Reinvestment Act to improve credit access and more effectively meet the needs of low- and moderate-income communities.
Biden Administration Extends and Expands Forbearance/Foreclosure Relief Programs
The Biden Administration announced a coordinated extension and expansion of forbearance and foreclosure relief programs. The programs, set to expire at the end of March, have now been extended through June 30.
CREF Policy Update Feb. 18, 2021
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
Personnel News from Freddie Mac, SLK Global Solutions, CBRE
Freddie Mac, McLean, Va., created a new senior leadership role in its Multifamily business line dedicated to addressing equity in housing. Amanda Nunnink will serve as Vice President, Equity in Multifamily Housing.
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“The COVID-19 pandemic has triggered a housing affordability crisis. Today, 1 in 5 renters is behind on rent and just over 10 million homeowners are behind on mortgage payments. People of color face even greater hardship and are more likely to have deferred or missed payments, putting them at greater risk of eviction and foreclosure.”
–White House statement announcing it would extend and expand forbearance/foreclosure relief programs.
Murky Outlook for Office Sector
The U.S. office sector faces a “murky” future after a tumultuous 2020, said Yardi Matrix, Santa Barbara, Calif.
Personnel News from Marcus & Millichap Capital Corp., Avistone
Marcus & Millichap Capital Corp. announced Erika Banach joined the firm as Vice President, Capital Markets.
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“If we focus on retail for a moment, negative structural influences have been pulled forward with tenancy being the primary differentiator in performance. Neighborhood and community centers that have their tenancy weighted toward need-based consumption have performed relatively well compared to other retail subtypes.”
–Sarah Swartzendruber, Managing Director of Mortgage Loan Special Servicing at Aegon Real Assets