With Californians set to vote on ballot initiative Propositions 15 and 21 on Election Day, MBA 2020 Chair Brian Stoffers, CMB, joined MBANow to discuss the initiatives, MBA and its coalition partners’ opposition to them and how MBA members can help.
Category: News and Trends
Fitch Ratings: Life Insurers Brace for Higher Commercial Mortgage Losses
Fitch Ratings, New York, said life insurance companies could see higher losses on commercial mortgage loans than they saw during the Great Recession.
MBA: September Commercial, Multifamily Mortgage Delinquencies Decrease
Delinquency rates for mortgages backed by commercial and multifamily properties declined in September, the Mortgage Bankers Association’s latest monthly MBA CREF Loan Performance Survey reported.
MBA, California MBA Oppose California Props. 15 and 21
On Election Day, Californians will vote for or against two ballot initiatives strongly opposed by the Mortgage Bankers Association, California MBA and other industry partners.
Commercial/Multifamily Briefs Oct. 1, 2020
Freddie Mac Multifamily, McLean, Va. announced it will soon go to market with sustainability bonds.
MBANow: MBA Chairman Brian Stoffers, CMB
With Californians set to vote on ballot initiative Propositions 15 and 21 on Election Day, MBA 2020 Chair Brian Stoffers, CMB, joined MBANow to discuss the initiatives, MBA and its coalition partners’ opposition to them and how MBA members can help.
Fitch: Secular Shifts Force U.S. Commercial Real Estate to Adapt
Fitch Ratings, New York/London, said post-pandemic, many U.S. commercial real estate segments will be transformed by the way space is used, which will have long-term consequences for property performance and financeability.
Dealmaker: Berkadia Arranges $66M for Florida Multifamily
Berkadia secured $66.2 million in financing for two Florida multifamily properties.
MBA Chart of the Week: Rent Payments and COVID-19
On September 17, the Research Institute for Housing America, MBA’s think tank, released a special report on housing-related financial distress during the second quarter – the first three months of the pandemic in the U.S.
CBRE: Hotel Recovery Could Start Soon
After facing the lowest occupancy levels since the 1930s and huge revenue and profit declines in the second quarter, the hotel sector could begin a multi-year recovery soon, said CBRE, Los Angeles.