MBA Statement on FHFA’s 2025 Multifamily Loan Purchase Caps
MBA’s President and CEO Bob Broeksmit, CMB, released a statement regarding the Federal Housing Finance Agency’s (FHFA) announcement of the 2025 multifamily lending purchase caps for Fannie Mae and Freddie Mac (the GSEs).
Chart of the Week: CRE Property Sales and Borrowing
After a slow start to this year, borrowing and lending backed by commercial real estate properties picked up during the third quarter. Originations increased 59% compared to a year ago and increased 44% from the second quarter of 2024.
Multifamily, Single-Family Rents Fall Slightly in October, Yardi Matrix Finds
Yardi Matrix, Santa Barbara, Calif., reported that multifamily advertised rents fell $3 to an average of $1,748 in October.
CREF Policy Update: HUD Limits Healthcare Refinancing Dramatically
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Dodge Momentum Index Dips 5% in October
The Dodge Momentum Index, which tracks nonresidential building projects in the planning stage, decreased 5.3% in October to 197.2 from September’s 208.2 reading.
Fannie Mae Finds Most Consumers Support Building New Housing; Disagree on Details
Far more consumers say affordable housing is harder to find than a few years ago, but more than half believe house prices, rent and local taxes will increase if more homes are built in their neighborhood, a recent Fannie Mae survey found.
CBRE Forecast Calls for Hotel Growth to Improve in Late 2024, Early 2025
U.S. hotel performance should start to accelerate soon despite a sluggish summer and third quarter, according to CBRE, Dallas.
Dealmaker: Mesa West Capital Provides $50M Loan to Refinance Georgia Hotel
Mesa West Capital, Los Angeles, provided a joint venture led by Regent Partners and Mariner Group with $50 million in short-term first mortgage debt to refinance a recently constructed Hyatt Hotel in Savannah, Ga.
