MBA: 1Q Commercial/Multifamily Borrowing Jumps 72% from Year Ago
Commercial and multifamily mortgage loan originations increased by 72 percent in the first quarter from a year ago, the Mortgage Bankers Association reported Thursday.
MISMO Launches Commercial Standard Facilitating Exchange of Financial Operating Statement Information
MISMO®, the real estate finance industry standards organization, announced availability of the Commercial Financial Operational Statement Dataset Standard.
CREF Policy Update May 12 2022
On Thursday, the OCC, Federal Reserve and FDIC issued a joint notice of proposed rulemaking overhauling Community Reinvestment Act regulations. On May 4, the Federal Reserve – in a widely expected move – raised the benchmark federal funds rate and indicated plans for more 50-basis-point rate hikes in upcoming meetings.
U.S. Hotel Profitability Reaches 28-Month High
STR, Hendersonville, Tenn., said March U.S. hotel gross operating profits reached their highest levels since 2019.
MBA Education, Superus Careers Partner on Mortgage Career Exchange Marketplace
MBA Education, the career advancement arm of the Mortgage Bankers Association, and Superus Careers, a U.S.-based employment recruiting firm, announced a partnership for mortgage professionals to maximize their employment options.
1Q CRE Lending Up 69% from Year Ago
CBRE, Dallas, said despite tightening lending conditions, commercial real estate lending increased in the first quarter.
Commercial/Multifamily People in the News May 12 2022
PGIM Real Estate appointed Christy Lockridge as its chief diversity, equity and inclusion officer, based in Chicago. She will build upon the firm’s expanded commitment to advancing diversity, equity and inclusion and will lead the business’s first formal DEI office.
Dealmaker of the Week: JLL Finances $373M for 10-Property Portfolio
JLL Capital Markets, Chicago, secured more than $538 million in financing for multifamily and industrial properties, including a 10-property multi-housing portfolio.