Commercial and multifamily mortgage delinquencies remained low in the fourth quarter, according to the Mortgage Bankers Association’s Commercial/Multifamily Delinquency Report.
The House on Tuesday passed two affordable housing bills that had strong support from the Mortgage Bankers Association.
The real estate impact of coronavirus will likely be limited in the short-term, but it could grow should the virus aggressively spread, analysts said.
On Monday Assistant Secretary of Housing Brian Montgomery issued a Housing Notice and Mortgagee Letter revising HUD’s policy regarding Section 223(f) of the National Housing Act.
Real Capital Analytics, New York, said industrial and apartment properties led U.S. commercial property price growth in January.
SitusAMC appointed Anne Jablonski Executive Managing Director and Head of Commercial Real Estate.
Berkadia closed $66 million in multifamily transactions in Phoenix.
The U.S. apartment stock grew more than two million units during the past decade, and completions will likely climb further as the 2020s continue, said RealPage, Richardson, Texas.
The commercial mortgage-backed securities delinquency rate fell sharply in January to new post-crisis low, reported Trepp LLC, New York.
The hotel sector might see zero revenue per available room growth this year for the first time since 2009, said STR, Hendersonville, Tenn., and Tourism Economics, Wayne, Pa.
Gantry, San Francisco, said it is acquiring Norris, Beggs & Simpson’s commercial real estate mortgage banking group, which includes production and servicing offices in Portland, Ore. and Seattle.