MBA: 1Q Commercial, Multifamily Mortgage Delinquencies Remain Low
Commercial and multifamily mortgage delinquencies remained low at the end of the first quarter, the Mortgage Bankers Association said this morning in its first quarter Commercial/Multifamily Delinquency Report.
NAIC Extends Modification Period Under Life Company RBC Guidance
On Friday the Financial Condition (E) Committee of the National Association of Insurance Commissioners (NAIC) voted unanimously to extend the modification period covered by its March 27 life company risk-based capital (RBC) guidance for COVID-19-related modifications.
MBA’s Kelli Burke Named #NEXTPowerhouseAwards Winner
Kelli Burke, MBA Vice President of Commercial Real Estate Finance, has been named an award recipient of the #NEXTPowerhouseAwards, presented by NEXT Mortgage Events & News. She will be recognized at #NEXTSUMMER20, the group’s first virtual executive summit, taking place August 23-25.
CREF Highlights June 18, 2020
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
David Upbin of MBA Education on Staying Ahead of the Curve
David Upbin is Vice President of Education Operations and Programming & MBA Strategy with the Mortgage Bankers Association. He joined MBA in 2013 and is responsible for financial management, operations, delivery and programming of MBA Education's suite of training products and events.
CoreLogic: Pandemic Hits Single-Family Rent Prices
CoreLogic, Irvine, Calif., said single-family rent growth slowed to its lowest level in years during April as unemployment reached its highest level in 80 years.
Enterprise Community Partners Hires Warshaw; Walker & Dunlop Adds Rogers, Caniglia; Carey, McMahon Join JLL
Enterprise Community Partners, Columbia, Md., announced Drew Warshaw will serve as its first Chief Operating Officer.
Dealmaker: JLL Arranges $368M for Office, Multifamily
JLL Capital Markets, Chicago, arranged $367.6 million to refinance a four-building office campus and five multifamily properties.
Office, Industrial Broker Sentiment Improves Slightly
Industrial and office sector brokers reported slightly improved market confidence in May.
April Sees ‘Historic’ Hotel Profitability Drop
U.S. hotel profitability metrics cratered during April, reported STR, Hendersonville, Tenn. During April, the sector saw total revenue per available room fall nearly 93 percent year-over-year and gross operating profit per available room fall 116.9 percent to a $17.98 loss per room.
Wells Fargo Securities on Retail’s Future
Measures taken to contain coronavirus harmed the retail sector, but the pandemic might re-shape retail in positive ways, said Wells Fargo Securities, Charlotte, N.C.
Institutional Investors Lower Their Return Expectations
Institutional investors dramatically decreased their expectations for 2020 commercial real estate returns, the Pension Real Estate Association's Consensus Forecast Survey reported.
Commercial/Multifamily Briefs June 18, 2020
Fannie Mae, Washington, D.C., priced a $719.5 million multifamily Delegated Underwriting and Servicing real estate mortgage investment conduit on June 10.
