It seemed like it took forever—and in political terms, seven months feels like forever—but Brian Montgomery is finally, officially, HUD Deputy Secretary.
Category: News and Trends
MBA: First Quarter CMF Borrowing Down 2%
Commercial and multifamily mortgage loan originations decreased 2 percent in the first quarter from a year ago, according to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
Tools for a Construction Lender’s Toolbox in the COVID-19 Era
The coronavirus pandemic has shut down non-essential construction projects in numerous states and has severely delayed or otherwise impacted construction in almost every other state. These delays and impacts may deal a fatal blow to some project owners.
CREF Highlights
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
Andrew Foster: Case-By-Case–Commercial Mortgage Forbearance Consideration Begins
As mortgage lenders shift focus from production to portfolio management in response to COVID-19, industry shifts are occurring alongside the inevitable reallocation of lending operation resources.
MBA Education Launches Virtual School of Multifamily Mortgage Banking and Virtual School of Multifamily Property Inspections
MBA Education launched new Virtual School of Multifamily Mortgage Banking and Virtual School of Multifamily Property Inspections courses.
Commercial/Multifamily Briefs
Fifth Third Bank National Association, Cincinnati, and Bellwether Enterprise Real Estate Capital LLC, Cleveland, formed a new strategic relationship between two institutions committed to providing affordable multifamily housing.
New Campaign Targets Lenders’ ‘Powerful Stories’ in Helping Communities Facing COVID-19 Challenges
A new campaign aims to showcase “powerful stories of businesses and organizations who are quickly pivoting to help their communities during these challenging times.”
Mortgage Action Alliance ‘Call to Action’ Urges Congress to Act on Liquidity Facility
The Mortgage Action Alliance, the grassroots advocacy arm of the Mortgage Bankers Association, issued a ‘Call to Action’ on Friday, urging its members to contact their members of Congress to support legislation that would provide lenders and servicers with liquidity support.
Dealmaker: Northmarq Arranges Multifamily Financing in Texas, N.C, Washington
Northmarq arranged sale and financing for a 1,656-unit multifamily portfolio in Texas and $47.8 million for properties in North Carolina and Washington.