The Lede
Top National News
MBA Joins Housing Coalition to Address CFPB’s Proposed Regulation Change on Data Collection
Mortgage Media, June 12, 2019The Mortgage Bankers Association and other groups commented to the Consumer Financial Protection Bureau about the bureau's plan to change data collection regulations under the Home Mortgage Disclosure Act, including its effect on commercial and multifamily loans. MBA Vice President of Commercial Real Estate Finance Bruce Oliver talked with Mortgage Media about the coalition's efforts and discussed MBA's position on the 2015 HMDA rule on data collecting.
Full Story
Growth of Multifamily, CRE Loan Debt Shows Strong Interest in Sector
National Mortgage News, June 12, 2019--Paul Centopani (subscription)Commercial and multifamily mortgage debt outstanding grew 1.3% in in the first quarter of 2019, aided by low mortgage rates and the steady incline of property values, according to the Mortgage Bankers Association.
Full Story
MBA Awards $90,000-Plus in Path to Diversity Scholarships
National Mortgage Professional, June 11, 2019The Mortgage Bankers Association scholarships recognize existing industry professionals from MBA member companies who are seeking to advance their careers through MBA Education programs and courses.
Full Story
Freddie Mac Targeting ESG Investors With Green Mortgage Bonds
Bloomberg, June 10, 2019--Adam TempkinFreddie Mac is making its first foray into green bonds, starting a new commercial mortgage-backed security program backed by loans to apartment building owners who agree to make their properties more environmentally friendly.
Full Story
Can Fannie, Freddie Be Overhauled Without Congress?
National Mortgage News, June 7, 2019--Hannah Lang (subscription)The Trump administration has said it welcomes legislative reform to fundamentally restructure Fannie Mae and Freddie Mac. But the Federal Housing Finance Agency has also made clear that it stands willing to do the heavy lifting itself.
Full Story
Why Tier 2 Cities Have Real Estate Buyers’ Attention
Forbes, June 7, 2019--Evan GentryCommercial real estate opportunities are flourishing outside of the largest U.S. metros. Investors exploring Memphis, Phoenix or Salt Lake City, among other cities in the Tier 2 real estate market, can earn strong returns by developing or purchasing and repositioning older properties.
Full Story
Dealmaker of the Week
People in the News
News and Trends
MBA, Trade Groups Urge CFPB to Raise HMDA Reporting Threshold
The Mortgage Bankers Association and a half-dozen other industry trade groups urged the Consumer Financial Protection Bureau to increase the threshold for reporting Home Mortgage Disclosure Act data on closed-end mortgage loans.
Full Story
Office Performance Mixed Amid Uneven Growth Distribution
The U.S. economic expansion could soon become the longest in history, but that growth is unevenly distributed, which means different office markets perform very differently, reported Cushman & Wakefield, New York.
Full Story
1Q Commercial, Multifamily Mortgage Delinquencies At Record Lows
Commercial and multifamily mortgage delinquencies fell to near-record lows in the first quarter, the Mortgage Bankers Association reported.
Full Story
MBA Chart of the Week: Transition from LIBOR
The vast majority of commercial and multifamily mortgage lenders report they are working on the transition away from LIBOR, but the devil is in the details. Most firms are already taking steps, but they also report relying on regulators and industry bodies to make decisions before they take certain actions.
Full Story
MBA Chart of the Week: Transition from LIBOR
The vast majority of commercial and multifamily mortgage lenders report they are working on the transition away from LIBOR, but the devil is in the details. Most firms are already taking steps, but they also report relying on regulators and industry bodies to make decisions before they take certain actions.
Full Story
MBA Chart of the Week: Transition from LIBOR
The vast majority of commercial and multifamily mortgage lenders report they are working on the transition away from LIBOR, but the devil is in the details. Most firms are already taking steps, but they also report relying on regulators and industry bodies to make decisions before they take certain actions.
Full Story
Learning from CMBS Losses
One of the few positive implications of incurring losses on 12,000-plus loans is that one can extract some lessons about commercial real estate lending from the experience, said Brian Olasov, Executive Director with Carlton Fields, New York.
Full Story
Affordable Housing Challenges Increase
Housing affordability remains a big problem in many metros, especially those with robust rent growth over the past few years, reported Reis, New York.
Full Story