Commercial/multifamily mortgage debt outstanding rose by $57.0 billion (1.5 percent) in the third quarter, the Mortgage Bankers Association reported.

The Federal Housing Finance Agency yesterday announced its 2021 affordable housing goals for Fannie Mae and Freddie Mac will remain the same as they were in 2020. It also seeks input about future housing goals rulemaking.

More than 12 years after the federal government placed Fannie Mae and Freddie Mac under conservatorship—and seemingly no closer to moving them out of conservatorship—the Mortgage Bankers Association and several industry trade groups urged the Treasury Department to promote “critical reforms” of the GSEs and bolster their safety and soundness.

Commercial real estate chief financial officers have had to move quickly to respond to the pandemic and position their firms for whatever might come next.

CBRE, Los Angeles, said U.S. net-lease property investment rebounded during the third quarter, driven by strong interest in office assets and increasing foreign investment.

Institutional Property Advisors, Ontario, Calif., brokered $42.4 million in retail property sales in Indiana, Michigan and Florida.

Institutional investors expect positive full-year 2020 commercial real estate returns, but not by very much, the Pension Real Estate Association's quarterly Consensus Forecast Survey reported.

CoreLogic, Irvine, Calif., said single-family rent growth increased in October, outpacing their previous-year growth rate for the first time since the pandemic started.

Bellwether Enterprise Real Estate Capital LLC, Cleveland, promoted DJ Effler to President effective January 1.