Commercial/Multifamily Briefs

Multifamily & Healthcare Finance LLC–an approved MAP and LEAN FHA lender that provides mortgages and new construction funding for clients purchasing, refinancing, rehabilitating or developing commercial, multifamily and healthcare properties–recently launched, led by Jim Moore, Joe Funk and Bob Sheddy.

MBA Asks House to Strengthen Flood Insurance Bill

The Mortgage Bankers Association, in a letter to House leadership, expressed strong support for inclusion of provisions that would strengthen and expand the private flood insurance market within Title IV of the FAA Reauthorization bill slated for floor consideration this week.

MBA Advocates Volcker Rule Changes to Improve CMBS Market Making

Certain changes to the Volcker Rule would better accomplish the rule’s public policy purposes–and protect a foundational element of commercial mortgage-backed securities liquidity–the Mortgage Bankers Association said in a letter to the Office of the Comptroller of the Currency.

MBA, Trade Groups Urge Administration to Stay Course on GSE Reform

The Mortgage Bankers Association and other industry trade groups urged the Trump Administration to maintain momentum on reforming Fannie Mae and Freddie Mac, expressing concerns that reform efforts appear to be stalling on Capitol Hill.

$5+Billion in CMBS Exposed to Toys R Us Bankruptcy

More than $5 billion in commercial mortgage-backed securities loans have exposure to Toys R Us–which filed for bankruptcy Monday–as a tenant, CMBS analysts say.

CREF Highlights

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

MBA, Trade Groups Up Pressure on Flood Insurance Fix

The Mortgage Bankers Association and other industry trade groups intensified their pressure on the House to pass a bill that would strengthen and expand the private flood insurance market.