On May 6, join MBA and a construction lending experts for a webinar (complimentary for MBA members).
CMF Newslinks Archive
Andrew Foster: Case-By-Case–Commercial Mortgage Forbearance Consideration Begins
As mortgage lenders shift focus from production to portfolio management in response to COVID-19, industry shifts are occurring alongside the inevitable reallocation of lending operation resources.
The Office As We Knew It Isn’t Coming Back Anytime Soon. Maybe It’s Changed Forever
NPR, April 24, 2020–Uri BerlinerCubicle culture has gone dark. Open floor plans stand empty. Offices around the world are shut during the pandemic, making work from home the new normal …
Retail Tenants, Landlords Clash Over Proposed Pandemic Rent Clauses
Wall Street Journal, Apr. 28, 2020–Esther Fung (subscription)Some retail tenants are aiming to rewrite their leases to include pandemic escape clauses and other additional forms of relief, setting up a …
MBA Education Launches Virtual School of Multifamily Mortgage Banking and Virtual School of Multifamily Property Inspections
MBA Education launched new Virtual School of Multifamily Mortgage Banking and Virtual School of Multifamily Property Inspections courses.
J.C. Penney in Advanced Talks for Bankruptcy Financing
Wall Street Journal, Apr. 23, 2020–Cara Lombardo, Alexander Gladstone (subscription)J.C. Penney Co. Inc. is in advanced talks for bankruptcy funding with a group of lenders, a sign the troubled retailer …
Commercial/Multifamily Briefs
Fifth Third Bank National Association, Cincinnati, and Bellwether Enterprise Real Estate Capital LLC, Cleveland, formed a new strategic relationship between two institutions committed to providing affordable multifamily housing.
New Campaign Targets Lenders’ ‘Powerful Stories’ in Helping Communities Facing COVID-19 Challenges
A new campaign aims to showcase “powerful stories of businesses and organizations who are quickly pivoting to help their communities during these challenging times.”
Mortgage Action Alliance ‘Call to Action’ Urges Congress to Act on Liquidity Facility
The Mortgage Action Alliance, the grassroots advocacy arm of the Mortgage Bankers Association, issued a ‘Call to Action’ on Friday, urging its members to contact their members of Congress to support legislation that would provide lenders and servicers with liquidity support.
As Hotels Sit Empty, Loan Delinquencies Pile Up
American Banker, Apr. 24, 2020–Jon Prior (subscription) More details have emerged about the damage the coronavirus pandemic is inflicting on the hospitality industry. One servicer alone has received 2,000 workout …