“Mr. McKernan’s deep regulatory experience at the FDIC, the Federal Housing Finance Agency and the Treasury Department, in private law practice, and as a former Senate staffer–coupled with his background working on housing policy–makes him a strong choice to lead the regulatory reforms necessary to lower compliance costs and pass those savings along to prospective homeowners and renters.” –MBA letter on the nomination of Jonathan McKernan to be the next Director of the Consumer Financial Protection Bureau
Category: News and Trends
Achieve Survey: Americans’ Financial Trends Stable, but Challenges Remain
Achieve, San Mateo, Calif., released its quarterly debt survey, finding that 26% of households report accruing more debt over the past quarter. However, that’s down from the 28% that said the same in Q4 2024.
MBA Chart of the Week: CRE Loan Maturity Volumes
Twenty percent ($957 billion) of $4.8 trillion of outstanding commercial mortgages held by lenders and investors will mature in 2025, a 3% increase from the $929 billion that matured in 2024, according to the Mortgage Bankers Association’s 2024 Commercial Real Estate Survey of Loan Maturity Volumes.
CoreLogic: Annual Single-Family Rent Growth Remains Below 2% in December
Single-family rent prices increased 1.8% year over year in December, up slightly from the previous month’s 1.5%–which had marked a 14-year low for rent growth–according to CoreLogic, Irvine, Calif.
MBA Sends Letter to Senate Banking Committee on CFPB Director Nominee Jonathan McKernan
The Mortgage Bankers Association sent a letter to Senate Banking Committee leadership to express the real estate finance industry’s strong support for the nomination of Jonathan McKernan to be the next Director of the Consumer Financial Protection Bureau.
CBRE Forecasts Steady Hotel Sector Growth
CBRE, Dallas, forecasts that hotel revenue per available room will grow steadily in 2025 and urban locations will outperform due to improved travel and the recovery of inbound international travel.
Dealmaker: JLL Arranges $1.1B for 3 Bryant Park in Midtown Manhattan
JLL’s Capital Markets group arranged a $1.125 billion refinancing for 3 Bryant Park, a 1.2 million-square-foot office tower in Midtown Manhattan’s Bryant Park market.
CREF Policy Update: Recap-MAA Town Hall on Trump Administration Updates, MBA’s Legislative Priorities, and #MBANAC25
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Commercial/Multifamily Briefs, Feb. 20, 2025
Commercial/multifamily industry news from CBRE and JLL.
CMF Quote of the Week
“That’s a huge market opportunity. Because the affordable market is so under-served. There’s millions of units needed across the country.”
–Pharrah Jackson, Vice President with Greystone