Combating Real Estate Financial Crimes
The Bank Secrecy Act and Anti-Money Laundering Act remain a top priority for bank regulators. Virtually all large U.S. banks are or recently have been under enforcement actions for BSA/AML violations.
MBA: February Commercial, Multifamily Mortgage Delinquency Rates Decrease
Delinquency rates for mortgages backed by commercial and multifamily properties decreased in February, as the COVID-19 pandemic’s impact on commercial and multifamily mortgage performance continues to vary by the different types of commercial real estate, the Mortgage Bankers Association reported.
CRE Policymaking During a Pandemic
The Mortgage Bankers Association’s Capital Council hosted a panel Thursday February 25. The Capital Council is a member forum for commercial real estate capital providers and intermediaries, educating participants on market trends and conditions.
MBA Announces Members of Affordable Housing Advisory Councils for 2021
The Mortgage Bankers Association announced members of its advisory councils for affordable rental housing and homeownership for 2021. The advisory councils were formed in 2019 to provide important strategic and practical guidance to MBA’s CONVERGENCE Initiative, the association’s affordable housing effort.
MBA SVP Mike Flood Discusses March 10 CMBS Report: Coming Out of COVID
Mortgage Bankers Association Senior Vice President Mike Flood joined MBANow to discuss the March 10 Coming Out of COVID CMBS report.
CMBS Delinquency Rate Drops 8th Straight Month
In February, the commercial mortgage-backed securities delinquency rate saw its largest improvement since the pandemic started last year, reported Trepp, New York.
Economic Cycle Top Worry for CRE Executives
Shuttered and restaurants and well-meant extension of tenant and borrower protections rank as real estate executives’ top concerns, reported law firm Seyfarth, Chicago.
Commercial Property Prices Grow Again in January
U.S. commercial property prices grew again in January, sector analysts reported.
FHFA Extends COVID-19 Forbearance Period/Foreclosure and REO Eviction Moratoriums; Aligns Mortgage Relief Policies Across Government
The Federal Housing Finance Agency on Thursday announced extensions of several measures to align COVID-19 mortgage relief policies across the federal government, a move that drew praise from the Mortgage Bankers Association.
JLL: Multi-Use Logistics Poised for Growth
JLL, Chicago, said one industrial real estate sub-class is particularly well-positioned for growth: multi-use logistics.
Dealmaker: NorthMarq Secures $55M for Industrial, Multifamily Assets
NorthMarq, Minneapolis, arranged $55.2 million for industrial and multifamily assets in Ohio and Washington.
