Congress Passes $900 Million Economic Stimulus Package
After marathon on-and-off negotiations, the House and Senate—and the Trump Administration—finally agreed this week on a $908 million, 5,500-page economic stimulus bill, the Consolidated Appropriations Act of 2021.
Fannie Mae, Freddie Mac To Extend Multifamily Forbearance Through March 31
The Federal Housing Finance Agency, Washington, D.C., announced yesterday Fannie Mae and Freddie Mac will continue to offer COVID-19 forbearance to qualifying multifamily property owners through March 31, 2021.
MBA Chart of the Week: CMBS Annual Issuance Volume
One way to gauge potential commercial mortgage-backed securities issuance volume is by looking at the spreads investors are willing to pay for bonds. Based on current new-issue spreads, 2021 could line-up to be a strong year.
FHFA Issues Proposed Rulemaking for Enterprise Liquidity Requirements, Seeks Comments
The Federal Housing Finance Agency, Washington, D.C., announced it would like comments on a proposed rulemaking regarding Fannie Mae and Freddie Mac liquidity requirements.
Dealmaker: Bellwether Enterprise Closes $42M for Industrial Assets
Bellwether Enterprise Real Estate Capital LLC, Cleveland, closed two loans totaling $41.5 million for distribution centers in southern California and Pennsylvania.
Low Rates Driving CMBS Defeasance Trend
Fitch Ratings, New York, said commercial mortgage-backed securities borrowers are taking advantage of the current low interest rate environment to defease their loans.
Some Institutions Still Lending on Retail
The retail sector downturn started even before the pandemic and has suffered more than other property types this year. But some institutions are willing to lending on retail assets, said JLL, Chicago.
Apartment Investment Bounces Back in Third Quarter
Freddie Mac, McLean, Va., said its Apartment Investment Market Index turned positive in the third quarter despite contractions in several major metros.
Personnel News from IPA, Walker & Dunlop, RCLCO, Maverick Commercial Mortgage
Institutional Property Advisors announced the commercial real estate investment brokerage team Scott Chandler, John Stewart and Bill Pitt joined the firm in Toronto.
CRE Fundamentals Struggle to Find Secure Footing
Challenging times for CRE fundamentals are likely to extend into 2021, but there is light at the end of the tunnel, said Wells Fargo Securities, Charlotte, N.C.
C/MF Briefs From Fitch, CBRE, Boston Financial Investment Management/Boston Capital
Fitch Ratings, New York, said growth for new technology in corporate IT, remote work initiatives, e-commerce, digital content and entertainment accelerated data center demand in 2020 due to the coronavirus pandemic.
