Category: News and Trends

The vast majority of commercial and multifamily mortgage lenders report they are working on the transition away from LIBOR, but the devil is in the details. Most firms are already taking steps, but they also report relying on regulators and industry bodies to make decisions before they take certain actions.

One of the few positive implications of incurring losses on 12,000-plus loans is that one can extract some lessons about commercial real estate lending from the experience, said Brian Olasov, Executive Director with Carlton Fields, New York.

Housing affordability remains a big problem in many metros, especially those with robust rent growth over the past few years, reported Reis, New York.

With the National Flood Insurance Program slated to expire yet again, the Mortgage Bankers Association and other industry trade groups pressed Congress to move forward with legislation approving an extension through September.

The hotel sector faces declining occupancy in both 2020 and 2021 as supply increases faster than demand, predicted CBRE Hotels, Atlanta.

U.S. commercial real estate prices rose 0.8 percent in April, led by industrial property price growth, reported Real Capital Analytics, New York.

Commercial real estate investors appear to be growing more conservative as the real estate cycle lengthens.

LGIS Group, Atlanta, launched commercial property loan insurance for commercial real estate, similar to private mortgage insurance in residential mortgage lending.

Despite steadily growing new office supply, robust absorption held the sector’s vacancy rate steady at 13.7 percent in April, said Yardi Matrix, Santa Barbara, Calif.

Morningstar has agreed to acquire fellow credit rating agency DBRS. The firms expect the transaction to close early in the third quarter.