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.
CMF Newslinks Archive
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 …
Multifamily Mortgage Debt on the Rise Through Q4 2019; What About 2020?
Commercial Property Executive, Apr. 24, 2020–Jamie Woodwell MBA Vice President of Commercial/Multifamily says continuing the recent trend, the growth in multifamily mortgage debt outpaced that of other property types. https://www.cpexecutive.com/post/commercial-multifamily-mortgage-debt-outstanding-3/
CRE Deals Collapsing Due to COVID-19
Mortgage Professional America, Apr. 23, 2020–Kasi Johnston A new report by Real Capital Analytics says signs of the COVID-19 crisis are starting to appear in the U.S. market for commercial …
Dealmaker: Northmarq Arranges Multifamily Financing in Texas, N.C, Washington
Northmarq arranged sale and financing for a 1,656-unit multifamily portfolio in Texas and $47.8 million for properties in North Carolina and Washington.
Apartment Searches Have Rebounded
HousingWire, Apr. 27, 2020–Julia Falcon In a new report from RentCafe, searches for apartments have now returned to their pre-pandemic numbers. https://www.housingwire.com/articles/apartment-searches-have-rebounded/
Emerging Construction Lending Risks in the Age of COVID-19
On May 6, join MBA and a construction lending experts for a webinar (complimentary for MBA members).
NAIC Issues Clarifying Guidance on RBC Treatment of COVID-19 Loan Modifications
The National Association of Life Insurance Commissioners on Wednesday issued clarifying guidance on the life company risk-based capital treatment of loans modifications during the COVID-19 pandemic.
Cash Pours Into Distressed Real-Estate Funds as Investors Aim to ‘Play Offense’
Wall Street Journal, Apr. 21, 2020–Peter Grant (subscription)Investors are pouring billions of dollars into new real-estate funds created to buy distressed debt backed by hotels, malls, office buildings and other …
Federal Agencies Allow Member Banks to Postpone Appraisals for 120 Days
Three federal agencies this week announced a rule change allowing its member banks to postpone an appraisal on a residential or commercial property for 120 days after the loan is closed.