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.

CMBS Issuance, Spreads Increase

Private-label commercial mortgage-backed securities issuance volume remained strong through August with $9.9 billion priced, reported Kroll Bond Rating Agency, New York.

Commercial/Multifamily Briefs

Fannie Mae, Washington, D.C., priced its ninth Multifamily Delegated Underwriting and Servicing Real Estate Mortgage Investment Conduit of 2017 under its Fannie Mae Guaranteed Multifamily Structures program on September 14. It totaled $772.5 million.

Situs RERC: Opportunities in Dallas, Seattle, San Francisco

Dallas, Seattle and San Francisco offer commercial real estate investors the best opportunities among large markets from a relative value vs. price perspective, reported Situs RERC, Houston.