During the first three months of the COVID-19 pandemic, nearly 11 million households fell behind on their rent or mortgage payments and 30 million individuals missed at least one student loan payment, according to new research by the Mortgage Bankers Association’s Research Institute for Housing America.
The Mortgage Bankers Association is uniquely positioned to help our members and the commercial real estate finance industry address long-standing issues of social justice and inclusion as the premier trade association representing real estate finance.
Last week, as part of Dechert LLP’s ongoing LIBORcast podcast series, Rick Jones, partner and co-head of Dechert’s Global Finance Practice, interviewed MBA’s Mike Flood on the LIBOR transition.
With the National Flood Insurance Programs set to expire—yet again—the Mortgage Bankers Association and nearly two dozen industry trade groups asked Congress for another program extension as policymakers work on a longer-term solution.
When real estate professionals discuss the impacts of the COVID-19 pandemic on commercial real estate, their comments generally come in one of four themes.
Freddie Mac, McLean, Va., said its Multifamily Apartment Investment Market Index fell by 0.3% in the second quarter following strong previous quarterly gains, reflecting the impact of the coronavirus pandemic and the first negative second quarter net operating income growth since 2009.
Walker & Dunlop, Bethesda, Md., expanded its multifamily investment sales platform in South Florida by adding Managing Director Still Hunter III and Director Kaya Suarez.
Institutional investors expect negative full-year commercial real estate returns, the Pension Real Estate Association’s Consensus Forecast Survey reported.
The rental market has softened across the country during the pandemic, but especially in college neighborhoods, said Zillow, Seattle.