Category: News and Trends

The Federal Housing Administration yesterday published a new consolidated handbook to guide lenders on underwriting all FHA-insured multifamily housing construction and rehabilitation transactions.

ORLANDO–The Mortgage Bankers Association and the Pepperdine University Graziadio School of Business and Management today announced creation of a six-month Executive Certificate in Commercial Real Estate, beginning this March.

ORLANDO–The Mortgage Bankers Association released its year-end 2015 ranking of commercial and multifamily mortgage servicers’ volumes. At the top is Wells Fargo Bank NA with $501.5 billion in U.S. master and primary servicing.

ORLANDO–11 percent, or $183.3 billion out of $1.7 trillion in outstanding commercial and multifamily mortgages held by non-bank lenders and investors, will mature in 2016, a 51 percent increase from $121.0 billion that matured in 2015, the Mortgage Bankers Association reported.

Cap rates in the single-tenant net lease big box sector compressed 63 basis points during 2015 to end the year at 6.08 percent, reported the Boulder Group, Northbrook, Ill.

Apartment rent appreciation should level off over the next 12 months, slowing to an annual rate of 1.1 percent by December, said Zillow, Seattle.

Commercial loan originations under $5 million grew by 5 percent in third-quarter 2015 and a sizable 8.7 percent year over year, reported Boxwood Means, Stamford, Conn.

It might be a pleasant problem to have, but it’s a problem nonetheless.

The flood of capital into multifamily real estate shows no signs of lessening–especially given large private equity funds’ recent multi-billion dollar acquisitions–reported Yardi Matrix, Englewood, Colo.

Falling delinquencies and slowing special servicing loan transfers year-over-year contributed to improved performance metrics for commercial mortgage-backed securities, but leverage now approaches the pre-crisis peak, analysts said.