Reis, New York, reported commercial real estate completions have declined “in a historic manner” since the pandemic and shutdown orders hit the U.S.
Category: News and Trends
MBA Chart of the Week: Delinquency Rate for Commercial/Multifamily Mortgages
The delinquency rate for commercial and multifamily mortgages declined in July. The rate had increased sharply in April at the onset of the pandemic, with 3.6% of loan balances becoming newly delinquent. In May, delinquencies increased again, with a new, but smaller, cohort of newly delinquent loans (2.8%) and slightly more than half of the balance of loans that had been less than 30-days delinquent in April moving to the 30-60 days delinquent category. The inflow of newly delinquent loans continued to slow in June (1.8% of overall balances) and July (1.4%).
CREF Highlights Aug. 20, 2020
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
CMBS Market Musings by Andrew Foster
For better but more often for worse it seems lately, the commercial mortgage-backed securities market is continuing to experience interesting developments, whether it be updated credit rating agency analysis on evolving outlook, recent insights on the landscape from the special servicing community or the latest from bank research desks and MBA’s latest Quarterly CMF Originations Survey.
MBA Capital & Origination Council: Where Politics and Policy Meet the CRE Industry
MBA hosted a joint call with Origination Council and Capital Council on August 4th highlighting pertinent issues and challenges facing the commercial real estate finance marketplace. Grandbridge Real Estate Capital Chairman of the Board and Chief Executive Officer Matt Rocco chairs the Origination Council and led the call.
Commercial/Multifamily Briefs Aug. 13, 2020
Greystar Real Estate Partners, Charleston, S.C., launched and funded Greystar Credit Partners II LP, a $600 million commercial real estate debt fund that will focus acquiring securitized subordinated debt issued by the GSEs and private label securitizations, junior notes or mezzanine debt collateralized by multifamily assets.
Personnel News from Merchants Capital, Institutional Property Advisors, Walker & Dunlop
Merchants Capital hired Dewayne Hayward as Vice President, Federal Housing Association Asset Management and Mark Ciarrocchi as Senior Vice President, Investor Accounting.
FFIEC Issues Joint Statement on Additional Loan Accommodations Related to COVID-19
The Federal Financial Institutions Examination Council issued a joint statement on additional loan accommodations related to COVID-19 on Monday.
Personnel News from Walker & Dunlop, Marcus & Millichap
Walker & Dunlop and GeoPhy appointed Nicole Urquhart-Bradley as Chief Operating Officer and Managing Director of their multifamily appraisal business, Apprise.
Briefs from Reonomy, Walker & Dunlop and Timberland Partners
Reonomy added commercial mortgage-backed securities data to its national coverage.