Commercial mortgage-backed securities delinquency rates increased again in March as another wave of loans turned newly delinquent, reported Trepp, New York.
Category: News and Trends
Commercial/Multifamily Briefs
Colliers International Group acquired WelshCo LLC, Minnetonka, Minn., and its brokerage, property management, facilities and architecture divisions.
Census Bureau: Multifamily Unit Absorption Up, But Slowing
The Census Bureau released its annual Survey of Market Absorption of New Multifamily Units, reporting increases in 2016 but noting a slowdown toward the end of the year.
Freddie Mac: U.S. 2017 Multifamily Origination Volume Could Top $295 Billion
Freddie Mac, McLean, Va., said total multifamily origination volumes could increase by 3-6 percent this year to $295 billion, depending on movements in the 10-Year Treasury rate.
CREF Highlights
Commercial and multifamily developments and activities relevant to your business and our industry.
MBA, Trade Groups Offer Support for House Bill Clarifying Basel III CRE Rules
The Mortgage Bankers Association and nearly a dozen other industry trade groups sent a letter supporting proposed House legislation that would clarify High Volatility Commercial Real Estate provisions under the Basel III rule.
Boulder Group: Single-Tenant Net Lease Sector Slows a Bit
The single-tenant net lease sector slowed in 2016 following a “robust” 2015, reported Boulder Group, Northbrook, Ill.
Morningstar: CMBS Delinquency Rate Up Again
The commercial mortgage-backed securities delinquency rate rose for the third consecutive month in February, edging up three basis points to 3.04 percent, reported Morningstar Credit Ratings, New York.
Single-Family Rental Property Vacancy and Turnover Improve
The single-family rental vacancy rate decreased to 4.6 percent in February–partly because of a firm and still-improving 79 percent average retention rate–reported Morningstar Credit Ratings, New York.
MBA Releases 4Q Commercial/Multifamily DataBook
The Mortgage Bankers Association released its fourth quarter 2016 Commercial/Multifamily DataBook.
