Category: News and Trends

The Federal Housing Finance Agency on Friday revised its cap structure on Fannie Mae and Freddie Mac’s multifamily businesses.

The Mortgage Bankers Association forecasts commercial and multifamily mortgage bankers will close a record $652 billion of loans backed by income-producing properties this year, 14 percent higher than last year’s record volume ($574 billion).

With affordability playing an increasing role in the future of housing, the Mortgage Bankers Association joined more than a dozen industry and consumer trade groups this week in a letter to members of Congress in support of legislation that would promote federal investment in public transportation projects.

The current episode of Mortgage X, a podcast featuring mortgage veterans and national speakers Christine Beckwith and Jason Frazier, features Mortgage Bankers Association COO Marcia Davies.

Commercial and multifamily developments and activities from MBA relevant to your business and our industry.

The Mortgage Bankers Association released its mid-year rankings of commercial and multifamily mortgage servicers’ volumes as of June 30, showing Wells Fargo Bank NA, PNC Real Estate/Midland Loan Services, KeyBank NA, Berkadia Commercial Mortgage LLC and CBRE Loan Services with highest volumes.

The commercial mortgage-backed securities delinquency rate fell again in August, setting another post-crisis low in the process, reported Trepp LLC, New York.

An expected slowdown in the nation’s economy has CBRE Hotels Research lowering its outlook for the lodging sector.

The changing retail landscape will create new winners and losers, and retailers and landlords who understand consumer expectations will be more successful, said JLL, Chicago.

Private mortgage lender BridgeCore Capital, Beverly Hills, Calif., expanded its commercial loan program to include a complementary second mortgage/mezzanine loan product for borrowers seeking short-term bridge financing on commercial properties.