“Both of these propositions [California ballot propositions 15 and 21] are not only important to our constituents in California, but they should be important to every commercial real estate lender nationwide.”
–MBA Senior Vice President of Commercial/Multifamily Mike Flood
The Mortgage Bankers Association is uniquely positioned to help our members and the commercial real estate finance industry address long-standing issues of social justice and inclusion as the premier trade association representing real estate finance.
“Particularly for renters, the combination of those who missed a payment – or were offered and did not take it – is substantive enough to suggest real risk to their ability to make upcoming payments.”
–Gary V. Engelhardt, Professor of Economics in the Maxwell School of Citizenship and Public Affairs at Syracuse University.
With just under two decades wearing different hats in the commercial real estate industry before joining the bank, Bailey is a CRE subject matter expert in the Atlanta Fed’s Supervision, Regulation and Credit division. In addition to previous roles as an appraiser, consultant and property developer, Bailey holds CCIM and CRE designations. MBS Newslink interviewed Bailey to get his perspective on the current environment.
Freddie Mac, McLean, Va., said its Multifamily Apartment Investment Market Index fell by 0.3% in the second quarter following strong previous quarterly gains, reflecting the impact of the coronavirus pandemic and the first negative second quarter net operating income growth since 2009.
When real estate professionals discuss the impacts of the COVID-19 pandemic
on commercial real estate, their comments generally come in one of four themes.
SitusAMC Holdings Corp., New York, acquired the third-party loan servicing and asset management platform of Cohen Financial, a Truist Financial division.
Last week, as part of Dechert LLP’s ongoing LIBORcast podcast series, Rick Jones, partner and co-head of Dechert’s Global Finance Practice, interviewed MBA’s Mike Flood on the LIBOR transition.
Walker & Dunlop, Bethesda, Md., expanded its multifamily investment sales platform in South Florida by adding Managing Director Still Hunter III and Director Kaya Suarez.
With the National Flood Insurance Programs set to expire—yet again—the Mortgage Bankers Association and nearly two dozen industry trade groups asked Congress for another program extension as policymakers work on a longer-term solution.
