Citing the need to “prevent the further spread of COVID-19,” the Trump Administration issued an order temporarily halting residential evictions through Dec. 31.
Category: News and Trends
Personnel News from Fannie Mae, JLL, Walker & Dunlop, Sunwest Bank
Fannie Mae, Washington, D.C., appointed Jeffery Hayward to the newly created position of Executive Vice President and Chief Administrative Officer and Michele Evans as Executive Vice President and Head of Multifamily.
CREF Highlights Sept. 3, 2020
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
Oregon Extends HB 4204 Commercial/Multifamily Mortgage Forbearance Provisions Until Year-End
Oregon Governor Kate Brown (D.) took executive action on Monday to extend forbearance and foreclosure provisions in HB 4204.
Briefs from Dwight Capital, Love Funding, Colliers International
Dwight Capital, New York, acquired Love Funding, the HUD lending subsidiary of Midland States Bank.
MBA Circulates LIBOR Transition Survey for Commercial/Multifamily Members
MBA recently circulated a survey on LIBOR transition to commercial/multifamily members. The brief survey is designed for commercial mortgage lenders, but also includes servicers, special servicers and service providers that likely may be directly or indirectly impacted by the transition.
Office Vacancy Rate Could Reach 20% in 2022
The office sector saw downward pressure even before the COVID-19 crisis. Now, burdened with a shift toward remote working, it could be particularly hard hit in the coming years, said Moody’s Analytics, New York.
Freddie Mac: More High-Income Households Renting, But Low-Income Renters Face Limited Options
Fewer than 10 percent of rental units are currently affordable to renter households earning 50 percent of median renter income, reported Freddie Mac, McLean, Va.
A Bridge Over Troubled Water: Debt Funds and Mortgage REITs Come of Age
COVID-19 has negatively impacted industries across the U.S., with commercial real estate and its financiers no exceptions.
Data Centers Bright Spot in Pandemic Economy
Where some see challenges, others see opportunity–and business data centers proved resilient in the first half of 2020 as many businesses implemented hybrid IT infrastructure to improve their remote work capabilities and streaming content providers saw increased viewership due to the COVID-19 pandemic, said CBRE, Los Angeles.