The Mortgage Bankers Association and affiliated groups shared recommendations with the Senate Banking Committee to improve the Main Street Lending Program’s effectiveness for commercial real estate owners and tenants.

All property types have felt some effects from COVID-19, but seniors housing is a special case. It has seen a variety of impacts including in occupancy rates and expenses.

The Mortgage Bankers Association, in a July 14 letter to House leadership, urged the House to approve key industry-supported provisions for FHA in the federal government’s fiscal 2021 proposed budget.

MBA NewsLink interviewed Timothy E. Steward, Senior Vice President and co-head of Midland Loan Services, a PNC Real Estate business. Steward leads a team of more than 500 professionals responsible for delivering loan servicing, asset management and technology solutions to the commercial real estate finance industry.

Commercial and multifamily developments and activities from MBA relevant to your business and our industry.

This week’s chart highlights initial unemployment claims data from the U.S. Department of Labor, portraying the speed and severity of the labor market’s deterioration during the COVID-19 pandemic, as businesses closed or transitioned to remote working arrangements.

Freddie Mac, McLean, Va., named Ling Xu Vice President of Multifamily Investments and Portfolio Management.

Grandbridge Real Estate Capital, Charlotte, N.C., secured $50.2 million for multifamily and retail properties in three states.

With current housing goals set to expire in December, and amid economic uncertainty stemming from the lingering coronavirus pandemic, the Federal Housing Finance Agency yesterday left 2021 housing goals for Fannie Mae and Freddie Mac unchanged from the previous three years.

CRE executives’ market sentiment “plunged as expected” in mid-2020, said RCLCO Real Estate Advisors, Washington, D.C.

Family-oriented rental housing supply has fallen behind other multifamily options as developers focus on young, often single renters rather than families who require larger units, said the Urban Land Institute and RCLCO.