MBA: Commercial and Multifamily Mortgage Debt Outstanding Increased by $37 Billion in Third-Quarter 2023
The level of commercial/multifamily mortgage debt outstanding increased by $37.1 billion (0.8%) in the third quarter of 2023, according to the Mortgage Bankers Association’s (MBA) latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report.
MBA, Other Associations Announce Support for Workforce Housing Tax Credit Act
A bipartisan group of Senators and Representatives introduced the Workforce Housing Tax Credit Act, intended to increase the supply of affordable housing for middle-income families who earn too much to qualify for low-income affordable housing but not enough to afford housing near where they work.
CREF Policy Update Dec. 14: House Financial Services Subcommittee Holds Hearing on Housing Affordability
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Urban Institute: How Housing Counselors Are Navigating Challenges
The Urban Institute, Washington, D.C., on Thursday released research on the experiences of HUD-certified housing counselors who mobilized to serve renting families during the pandemic and their reflections on the evolving needs of renters post-pandemic.
KBRA CMBS Outlook: Cloudy, With a Glimmer of Hope
Kroll Bond Rating Agency, New York, just released its CMBS 2024 Sector Outlook, which forecasts U.S. issuance activity for the new year and highlights key credit trends from 2023. MBA NewsLink interviewed KBRA’s Larry Kay and Andrew Foster to get their views on the current lending environment and property fundamentals as well as factors that may affect overall property performance in 2024.
CMBS Special Servicing Rate Ticks Upward in November: Trepp
Trepp, New York, reported the commercial mortgage-backed securities special servicing rate increased 4 basis points in November to 6.84%.
MBA Comments at Congressional Hearing on Housing Affordability, Governmental Barriers and Market-Based Solutions
The Mortgage Bankers Association weighed in yesterday at the House Financial Services Committee’s Subcommittee on Housing and Insurance hearing on housing affordability, governmental barriers and market-based solutions.
Growth of Medtech, Biomanufacturing Continues to Provide Real Estate Opportunities, JLL Says
JLL, Chicago, released additional analysis on specific growth in the life sciences industry, pinpointing the medtech and biomanufacturing sectors as benefiting nearby markets.
Commercial and Multifamily People in the News Nov. 14, 2023
Industry personnel news from Berkadia, BWE, Merchants Bank and JLL.
Dealmaker: Bandon Capital Advisors Secures $20M for California Industrial Property
Bandon Capital Advisors, Los Angeles, secured $20 million to refinance a 7-acre site with industrial outdoor storage and an industrial building in El Monte, Calif.
