Category: News and Trends

In the commercial and multifamily mortgage markets, different capital sources track delinquency rates in different ways, and for a host of good reasons. Many capital sources, including banks, calculate delinquencies up to the point where an economic loss is recorded.

Strong market fundamentals are attracting a wide variety of investors to workforce housing, creating good returns and helping preserve affordable accommodation in lower-income communities, reported CBRE, Los Angeles.

Several factors could trigger the next recession, but it’s unlikely a sharp downturn in commercial real estate will be the cause, said Wells Fargo Securities, Charlotte, N.C.

After a brief uptick in October the commercial mortgage-backed delinquency rate resumed its long-term downward trajectory in November, reported Trepp LLC, New York.

Commercial real estate hiring remains healthy and steady, but the composition of CRE jobs is evolving, reported SelectLeaders, New York.

CREModels, St. Petersburg, Fla., launched a free online resource to give commercial and multifamily real estate developers tools and information about Opportunity Zones.

More than two dozen industry trade groups joined the Mortgage Bankers Association in a letter to House and Senate leaders, urging them to extend the National Flood Insurance Program beyond its latest expiration date (Nov. 30).

The Mortgage Bankers, in a series of letters to federal agencies, offered recommendations to the Federal Housing Finance Agency on its proposed capital requirements for the government-sponsored enterprises (Fannie Mae and Freddie Mac); the FHFA proposed rule on the GSEs’ Uniform Mortgage-Backed Security; and the Office of the Comptroller of the Currency’s proposed rule to revamp the Community Reinvestment Act.

Commercial property market supply and demand fundamentals remained relatively stable in the second quarter, said Moody’s Investors Service, New York.

Despite significant U.S. economic expansion, the retail sector continues to wane with store closings and space shrinkage dominating the market.