NEW ORLEANS–“I guarantee we’re going to scare some people. And if you’re not scared when we leave, you weren’t paying attention,” promised Brett Adams, Senior Vice President & Managing Director, Servicing, Berkadia, on a panel about guarding against cybercrime May 20.
Category: News and Trends
CREF Policy Update: Supreme Court Rules in CFPB’s Favor; Prudential Regulators Testify on the Hill; MBA Shares Views Ahead of Markup
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Housing Supply Accelerator Initiative Releases Playbook to Boost Attainable, Equitable Housing Supply
The Mortgage Bankers Association is proud to partner with the American Planning Association, the National League of Cities and others on the Housing Supply Accelerator, a collaborative effort aimed at boosting diverse, attainable and equitable housing supply across the United States.
CMF Quote of the Week: May 23, 2024
“MBA is relieved that the Supreme Court avoided a ruling that would have disrupted the housing and mortgage markets and harmed the economy and consumers. While we frequently disagree with the Bureau on how they interpret or enforce particular rules, a decision that would have invalidated the Bureaus’ previous rules could have had severe consequences for single-family and multifamily mortgage markets.”
–MBA President and CEO Bob Broeksmit, CMB, discussing the U.S. Supreme Court’s Decision in CFPB v. CFSAA
MBA Comments on the U.S. Supreme Court’s Decision in CFPB v. CFSAA
MBA President and CEO Bob Broeksmit, CMB, released the following statement regarding the U.S. Supreme Court’s decision in Consumer Financial Protection Bureau v. Community Financial Services Association of America:
CMF Quote of the Week: May 16, 2024
“[Multifamily] absorption has remained surprisingly resilient despite the record deliveries over the last few quarters.”
–Kelli Carhart, leader of Multifamily Capital Markets for CBRE
CREF Policy Update: Senate Holds Hearing on Financial Services and Rental Housing Fees; Commercial/Multifamily Borrowing Unchanged in First Quarter
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Yardi Matrix Says Student Housing Still Strong, but Some Metrics Slow
Yardi Matrix, Santa Barbara, Calif., reported in its National Student Housing Report for May 2024 that student housing metrics have moderated somewhat, but remain solid overall.
Trepp: CMBS Special Servicing Rate Jumps in April
Trepp, New York, reported the commercial mortgage-backed securities special servicing rate “leaped” in April, rising 80 basis points to 8.11%.
MBA Chart of the Week: Monthly Payroll Growth, Average Hourly Earnings
This week’s Chart of the Week is based on the April jobs report, which was released two days after the FOMC meeting and showed a little less strength than expected in terms of payroll growth, wage growth, and unemployment.