MISMO®, the mortgage industry standards organization, announced a call for participants for a new workgroup focused on a standards solution for commercial real estate.
Category: News and Trends
Ratings Agency Seeks Better Bank CRE Lending Disclosure
Better disclosures would allow rating agencies to better assess commercial real estate credit risk in bank loan portfolios, said DBRS Morningstar, Toronto.
Personnel News from Arbor, Walker & Dunlop
Arbor Realty Trust, Uniondale, N.Y., appointed Arthanais Williams Managing Director of Affordable Housing.
Briefs from Bellwether Enterprise, NYLREI, Freddie Mac
Bellwether Enterprise Real Estate Capital LLC, Cleveland, opened new offices in Phoenix, Ariz. and La Jolla, Calif.
Pandemic Reaching Office Market
The next 18 months could be a difficult period for the office sector, said Moody’s Analytics REIS, New York.
CBRE Sees Mixed Results in CRE Recovery
CBRE, Los Angeles, said it anticipates the office, retail and hotel sectors will begin a slow recovery next year.
Dealmaker: Gantry Secures $131M for Multifamily, Senior Living Assets
Gantry, San Francisco, secured $131.4 million for multifamily and senior living assets in three states.
Small-Cap Multifamily ‘Resilient’
Small-cap multifamily properties are proving resilient during the pandemic-induced recession, said Boxwood Means, Stamford, Conn.
MBA, Trade Groups Ask Banking Agencies for TDR Relief
The Mortgage Bankers Association and more than a half-dozen industry trade groups asked federal banking agencies for guidance that loan modifications with terms longer than six months fall within the troubled debt restructuring relief provided by a recent Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus.
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“Overall, we expect the real estate recovery, particularly the office sector, to lag the broader economic recovery by several quarters. This follows the pattern of previous cycles but with the added complication of getting people back into the workplace.” — CBRE Global Chief Economist and Head of Americas Research Richard Barkham.