The National Association of Life Insurance Commissioners on Wednesday issued clarifying guidance on the life company risk-based capital treatment of loans modifications during the COVID-19 pandemic.
Category: News and Trends
Federal Agencies Allow Member Banks to Postpone Appraisals for 120 Days
Three federal agencies this week announced a rule change allowing its member banks to postpone an appraisal on a residential or commercial property for 120 days after the loan is closed.
CREF Highlights
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
MBA Opens Doors Foundation Sees Increase in Grant Applications
The MBA Opens Doors Foundation, which helps families around the country stay in their homes while a child is being treated for a critical illness or injury, is seeing an increase in grant applications from families in need. Here’s how you can help.
Fannie Mae: Record U.S. Expansion Likely Undone by COVID-19
The longest economic expansion in U.S. history has likely come to an end amid the unprecedented impacts of COVID-19, according to the Fannie Mae Economic and Strategic Research Group.
MBA Education Announces Virtual School of Multifamily Mortgage Banking and Virtual School of Multifamily Property Inspections
MBA Education is launching new Virtual School of Multifamily Mortgage Banking and Virtual School of Multifamily Property Inspections courses.
Coronavirus Undermines CRE Market Momentum in Preliminary Q1 Data
Boxwood Means, Stamford Conn., said fallout from the coronavirus pandemic is becoming apparent in commercial real estate market fundamentals.
Dealmaker: IPA Sells L.A. County Apartment Property for $32M
Institutional Property Advisors, a division of Marcus & Millichap, sold South Hills Apartments, an 85-unit apartment property in West Covina, Calif. The $31.95 million sales price equates to $375,882 per unit.
HUD Announces New CARES Act Mortgage Payment Relief Guidance
HUD announced new mortgage payment relief guidance under the CARES Act for borrowers with multifamily mortgages insured by FHA or borrowers participating in other HUD multifamily housing programs.
MBA: 2019 Commercial/Multifamily Originations Reach Record $600.6 Billion
Commercial and multifamily mortgage bankers closed a record $600.6 billion of loans in 2019, according to the Mortgage Bankers Association’s 2019 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation.