MBA Education School of Multifamily Mortgage Banking in Washington Aug. 26-28.
CMF Newslinks Archive
Fed Minutes Reveal Alarm Over Coronavirus Disruptions to Economy, Market
Wall Street Journal, Apr. 8, 2020–Nick TImiraos (subscription)Federal Reserve officials reacted with growing alarm to market disruptions prompted by the spreading coronavirus pandemic in March, prompting them to cut interest …
CMBS Report: More Than 2,600 U.S. CMBS Borrowers Seek Coronavirus Relief; Delinquency Reports Mixed
Fitch Ratings, New York, reported more than 2,600 commercial real estate borrowers, representing $49.1 billion of mortgage loans, have sought potential debt relief during the first two weeks of the U.S. coronavirus outbreak.
Property Bets Lose Curb Appeal in the Age of Coronavirus
Wall Street Journal, April 3, 2020–Stephen Wilmot (subscription)Landlords face protracted negotiations with tenants over rent payments while the doors to shops, restaurants, hotels and gyms remain shut.https://www.wsj.com/articles/property-bets-lose-curb-appeal-in-the-age-of-coronavirus-11585906227
Mall Owners Worried over Mortgage Payments as Retailers Skip Rent
CNBC, Apr. 6, 2020–Lauren ThomasRetailers are worried about paying rent because of the damage from the coronavirus pandemic. And that has mall owners increasingly worried about meeting their own obligations.https://www.cnbc.com/2020/04/06/mall-owners-worried-over-mortgage-payments-as-retailers-skip-rent.html
As Forbearance Wave Hits, Real Estate Industry Begs Fed to Take Action
The Real Deal (N.Y.), Apr. 6, 2020 The commercial real estate industry is asking the federal government to buy bonds, assets, or lend money to mortgage banks as forbearance requests …
Andrew Foster, Kelly Hamill: First Aid as Paycheck Protection Program Begins
The $2 trillion CARES Act bill is designed in part to provide liquidity to small businesses—including hard hit hotels—who will turn to the program first to cover costs such as payroll, utilities and interest on debt payments. Commercial real estate borrowers, tenants and their employees are prime candidates to apply for the program and many of MBA’s member banks will be instrumental in getting this $350 billion of relief to small businesses and their employees in communities across the country through their SBA lending programs.
The CARES Act Eviction Moratorium Covers All Federally Financed Rentals—That’s One in Four US Rental Units
Urban Institute, Apr. 2, 2020–Laurie Goodman, Karan Kaul, Michael NealWe estimate that nearly 2.8 of the 22.3 million single-family units (12.4 percent of units) are financed with federally backed loans …
MBA Announces 2019’s Top Commercial/Multifamily Mortgage Originators
National Mortgage Professional, Apr. 2, 2020 According to a set of commercial/multifamily real estate finance league tables prepared by the Mortgage Bankers Association, JLL, Wells Fargo and Eastdil Secured led …
Preventing the Pending Collapse of the Real Estate Market
Commercial Observer, April 2, 2020–Greg Kraut The commercial mortgage-backed securities market has essentially collapsed and the broader $20 trillion commercial real estate market is on the verge of collapse as …