On March 22 federal prudential regulators issued an Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by Coronavirus.
Category: News and Trends
HUD Releases Questions and Answers for Office of Multifamily Housing Stakeholders
On March 24 HUD released an industry update and provided questions and answers for Office of Multifamily Housing Stakeholders.
MBA Urges Feds to Take Immediate Further Steps on Market Stabilization, Liquidity
The Mortgage Bankers Association on Sunday asked the Treasury Department and the Federal Reserve to take immediate further actions ensure orderly functioning of the housing finance market in response to the “extreme volatility” in financial markets arising from the spread of the coronavirus.
FDIC Chair Calls for FASB to Delay CECL Rule Amid Pandemic
Federal Deposit Insurance Corp. Chair Jelena McWilliams, in a Mar. 19 letter to the Financial Accounting Standards Board, urged FASB to delay or postpone implementation of its current expected credit losses accounting rules.
MBA, Trade Groups Ask Treasury to Delay Like-Kind Exchange Deadlines
The Mortgage Bankers Association and other industry trade groups asked the Treasury Department and the Internal Revenue Service to delay deadlines applicable to like-kind exchanges currently underway to ensure liquidity in real estate markets during the coronavirus pandemic.
MBA Chart of the Week: Year-to-Date Returns for REIT Stocks
How the health, social and economic impacts of the coronavirus outbreak flow through to commercial and multifamily properties remains clouded in uncertainty – mainly because of the uncertainty about the virus itself and our public and private responses to it. One thing that is clear is that different property types and different markets will be affected differently.
MBA Recognizes Premier Members
MBA is proud to recognize its Premier Members and to thank them for their continued support of MBA and the real estate finance industry.
CREF Highlights
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
CRE Finance in a World of Uncertainty–Where Are We Now
MBA Vice President of Commercial Real Estate Research Jamie Woodwell looks at where CRE finance stands today in a new blog post.
MBA Coronavirus, Treasuries & CRE Finance Webinar
The Mortgage Bankers Association hosted a webinar on March 12 with commercial real estate finance industry leaders covering current events and market developments.