Greystone, New York, provided $120 million in Fannie Mae Delegated Underwriting and Servicing financing for the acquisition of a high-rise in Chicago’s Fulton Market district.
Category: News and Trends
CREF Policy Update: MBA Urges HUD to Curb Excess Regulation
Commercial and multifamily developments and activities from MBA important to your business and our industry.
CMF Quote of the Week
“Commercial real estate lending rebounded to $498 billion in 2024, up 16% from the prior year and driven largely by multifamily activity and continued strength from dedicated mortgage banking firms, which closed $411 billion in loans.”
–Reggie Booker, MBA’s Associate Vice President of Commercial Real Estate Research
Total Commercial Real Estate Borrowing and Lending Increased 16% in 2024
Total commercial real estate mortgage borrowing and lending is estimated to have totaled $498 billion in 2024, a 16% increase from the $429 billion in 2023, and a 39% decrease from $816 billion in 2022, according to MBA’s 2024 Commercial Real Estate/Multifamily Finance Annual Origination Volume Summation.
MBA Asks HUD to Update FHA Multifamily Accelerated Processing Program
MBA sent the Department of Housing and Urban Development a letter urging the agency to consider some updates to its FHA Multifamily Accelerated Processing program to lower housing costs and boost housing supply.
Commercial/Multifamily Briefs, April 24, 2025
Commercial/multifamily industry news from Northmarq, Affinius and JLL.
Realtor.com: Almost Every U.S. Metro Has Higher Rental Prices Than Pre-Pandemic
Realtor.com released its March Rent Report, finding that despite the 20th consecutive month of year-over-year rent declines, almost all major metro areas still have higher rent than pre-pandemic.
March Housing Starts Fall From February
Privately-owned housing starts for March were at a seasonally adjusted annual rate of 1,324,000, the Census Bureau reported. That’s 11.4% below February’s revised estimate of 1,494,000.
82% Consider Homeownership Part of the American Dream, Bankrate Finds
More than eight in 10 Americans consider homeownership to be part of the American Dream, up from 78% last year and 74% in 2023, according to Bankrate, New York.
Judith Ricks Joins MBA as Associate Vice President, Commercial Real Estate Research
The Mortgage Bankers Association (MBA) announced that Judith Ricks has joined the association as Associate Vice President, Commercial Real Estate Research. In this role, Ricks will develop and oversee MBA’s extensive research and analysis that covers commercial real estate finance (CREF) markets.