The Federal Housing Finance Agency on Tuesday announced 2021 multifamily loan purchase caps for Fannie Mae and Freddie Mac at $70 billion for each Enterprise, totaling $140 billion in support to the multifamily market.

MISMO®, the mortgage industry standards organization, announced a call for participants for a new workgroup focused on a standards solution for commercial real estate.

The Mortgage Bankers Association and more than a half-dozen industry trade groups asked federal banking agencies for guidance that loan modifications with terms longer than six months fall within the troubled debt restructuring relief provided by a recent Interagency Statement on Loan Modifications and Reporting for Financial Institutions Working with Customers Affected by the Coronavirus.

Gantry, San Francisco, secured $131.4 million for multifamily and senior living assets in three states.

Arbor Realty Trust, Uniondale, N.Y., appointed Arthanais Williams Managing Director of Affordable Housing.

The next 18 months could be a difficult period for the office sector, said Moody’s Analytics REIS, New York.

Small-cap multifamily properties are proving resilient during the pandemic-induced recession, said Boxwood Means, Stamford, Conn.

CBRE, Los Angeles, said it anticipates the office, retail and hotel sectors will begin a slow recovery next year.

Bellwether Enterprise Real Estate Capital LLC, Cleveland, opened new offices in Phoenix, Ariz. and La Jolla, Calif.

Better disclosures would allow rating agencies to better assess commercial real estate credit risk in bank loan portfolios, said DBRS Morningstar, Toronto.