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.
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.
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.
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.
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.
(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.)
Merchants Capital, Carmel, Ind., secured $82.9 million in financing for a Cincinnati mixed-use property and affordable housing in Joliet, Ill.
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.
Freddie Mac said its Apartment Investment Market Index rose 1.8 percent in the first quarter after declining modestly in late 2019.
CBRE Group, Los Angeles, promoted Tim Dismond to the newly created role of Chief Diversity Officer.
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.
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.
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, New York, said it anticipates commercial real estate loan defaults will rise at the end of forbearance periods.