SAN DIEGO–Twenty percent ($929 billion) of the $4.7 trillion of outstanding commercial mortgages held by lenders and investors will mature in 2024, a 28% increase from the $729 billion that matured in 2023, according to the Mortgage Bankers Association’s 2023 Commercial Real Estate Survey of Loan Maturity Volumes, released here at the 2024 Commercial/Multifamily Finance Convention and Expo.
Category: News and Trends
FHFA to Host Multifamily Insurance Symposium; Agency Official Talks Other 2024 Priorities–#MBACREF24
SAN DIEGO–Amid rising premiums and natural disasters, it’s no surprise that insurance is a big concern for the multifamily industry. With that in mind, the Federal Housing Finance Agency’s Siobhan Kelly, Associate Director of the Office of Multifamily Analytics and Policy, announced the agency will hold a multifamily insurance symposium March 13–with both in-person and virtual options–to brainstorm solutions to insurance issues.
MBA: Commercial/Multifamily Borrowing Down 25% in the Fourth Quarter–#MBACREF24
SAN DIEGO–Commercial and multifamily mortgage loan originations were 25 percent lower in the fourth quarter of 2023 compared to a year earlier, and increased 13 percent from the third quarter of 2023, according to the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, released here at MBA’s Commercial/Multifamily Finance Convention and Expo.
Mohamed El-Erian at #MBACREF24: U.S. Economy Outshines Rest of World
SAN DIEGO–Looking at the U.S. economy, 2024 will be solid, but not as solid as last year, predicted Mohamed El-Erian during a session titled “What’s Ahead in the Global Economy” Feb. 12 at the MBA Commercial/Multifamily Finance Convention and Expo.
MBA Presents Shekar Narasimhan, CMB, With the 2024 CREF Distinguished Service Award: #MBACREF24
SAN DIEGO–The Mortgage Bankers Association awarded Shekar Narasimhan, CMB, Managing Partner at Beekman Advisors, Inc., with the 2024 Commercial Real Estate Finance (CREF) Distinguished Service Award here at its Commercial/Multifamily Finance Convention and Expo.
MBA Announces 2024 Diversity, Equity and Inclusion Commercial/Multifamily Leadership Award Winners: #MBACREF24
SAN DIEGO–The Mortgage Bankers Association announced at its 2024 Commercial/Multifamily Finance Convention and Expo that Pinnacle Financial Partners (PFP) and Walker & Dunlop have been recognized as 2024 Diversity, Equity, and Inclusion (DEI) Commercial/Multifamily Leadership Award recipients. The annual awards recognize MBA members for their leadership efforts in DEI in two award categories: Organizational DEI and Market & Community Outreach Strategies.
MBA CEO Bob Broeksmit at #MBACREF24: Industry Participation Vital to Overcoming Policy Challenges
SAN DIEGO–MBA President and CEO Bob Broeksmit, CMB, highlighted challenges to the commercial real estate finance industry–from Basel III to affordability–here at the MBA Commercial/Multifamily Finance Convention and Expo.
DLA Piper: ‘Community’ Theme Among 2023 Commercial Real Estate Trends
DLA Piper, London, released its 2023 Year-End Real Estate Trends report, noting that its transaction volume has begun to resemble pre-pandemic levels. In terms of what that environment looks like, the firm reported community–where people live and the goods and services they want close to home–was a recurring presence.
CMF Quote of the Week: Feb. 15, 2024
“Our mission is simple: While you strengthen communities across the country, we strengthen you by shaping policy at the highest levels.”
–From the prepared remarks of MBA President & CEO Bob Broeksmit, CMB, speaking at MBA’s CREF24 conference in San Diego
CREF Policy Update Feb. 15: Broeksmit Defends Nonbanks; MBA Updates Property Inspection Form Ratings Definitions; Rent Control Fight in Washington
Commercial and multifamily developments and activities from MBA important to your business and our industry.