MBA Nominates Matt Rocco of Grandbridge Real Estate Capital to be 2021 MBA Vice Chairman
The Mortgage Bankers Association nominated Matthew G. Rocco Sr., Chairman of the Board and CEO of Grandbridge Real Estate Capital, Charlotte, N.C., to serve as MBA Vice Chairman for the 2021 membership year. He is expected to be installed at the association's 107th Annual Convention this October.
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Sharon Walker: Multifamily Market Musings
The multifamily lending markets are ripe with interesting developments from the GSEs this year, whether it be re-proposed capital rules, LIBOR transition or ongoing responses to COVID-19.
Distressed Debt Monitor: Special Situations in Commercial Real Estate
As economies reopen against a backdrop of decreased consumer demand and continued government relief, commercial real estate investors are grappling with a double-edged sword: defending certain existing challenged debt and equity positions on one hand and seeking new opportunities given shifted market dynamics.
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MBA: 1st Quarter Commercial/Multifamily Mortgage Debt Outstanding Up 1.7%
Commercial/multifamily mortgage debt outstanding rose by $61.0 billion (1.7 percent) in the first quarter, according to the Mortgage Bankers Association’s quarterly Commercial/Multifamily Mortgage Debt Outstanding report.
COMBOG Nominating Committee Seeks Board Member Recommendations by July 17
The Mortgage Bankers Association’s Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG) nominating committee is soliciting MBA members’ recommendations for individuals to serve on the Board beginning in October.
MBA Education Path to Diversity Scholar Profile: Sharon Wortman
(One of a continuing series of profiles of participants in the MBA Education Path to Diversity (P2D) Scholarship Program, which enables employees from diverse backgrounds to advance their professional growth and career development.)
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Dealmaker: Merchants Capital Arranges $83M
Merchants Capital, Carmel, Ind., secured $82.9 million in financing for a Cincinnati mixed-use property and affordable housing in Joliet, Ill.
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MBA, Partners Launch CONVERGENCE Affordable Housing Initiative in Memphis
A year ago, the Mortgage Bankers Association launched a strategic initiative to help develop stronger and more effective affordable housing partnerships in both the policy and business arenas. Recently, MBA put that commitment to work in Memphis.
1Q Apartment Investment Rises, Driven by Falling Mortgage Rates
Freddie Mac said its Apartment Investment Market Index rose 1.8 percent in the first quarter after declining modestly in late 2019.
Personnel News: CBRE Group Promotes Dismond, Marcus & Millichap Hires Forman
CBRE Group, Los Angeles, promoted Tim Dismond to the newly created role of Chief Diversity Officer.
Moody’s Sees ‘Drastic Drop’ in CMBS Supply-Demand Fundamentals
Moody's Investors Service, New York, said the supply and demand outlook for most property types in the securitized commercial real estate market “fell drastically” in the first quarter.
GSEs Extend Multifamily Forbearance
The Federal Housing Finance Agency on Monday announced Fannie Mae and Freddie Mac will allow servicers to extend forbearance agreements for multifamily property owners with existing forbearance agreements.
May Commercial Real Estate Sales Slump
Real Capital Analytics, New York, reported commercial property sales sank again in May as the COVID-19 crisis kept investors on the sidelines.
Fitch Ratings: CRE Defaults Likely To Rise After Forbearance Periods
Fitch Ratings, New York, said it anticipates commercial real estate loan defaults will rise at the end of forbearance periods.