On May 6, join MBA and a construction lending experts for a webinar (complimentary for MBA members).
CMF Newslinks Archive
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.
CREF Highlights
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
As CMBS Relief Inquiries Jump, How Much Forbearance Is Enough?
Commercial Property Executive, April 21, 2020–Scott Baltic, Paul Fiorilla Inquiries from CMBS borrowers about coronavirus-related relief have topped $100 billion, raising doubts about the current 90-day forbearance period. https://www.cpexecutive.com/post/as-cmbs-relief-inquiries-jump-how-much-forbearance-is-enough/
How Commercial Real Estate Brokers And Office Users Will Adapt To The New Future
Forbes, April 21, 2020–Shafin Jadavji For commercial real estate brokers, this crisis is a call to think forward. The actions that we as an industry take now will add to …
Neiman Marcus’ Missed April Interest Payment Could Accelerate a Forced Bankruptcy Filing
Dallas News, April 20, 2020–Maria Halkias Neiman Marcus bondholder Marble Ridge Capital LP said the Dallas-based retailer failed to make a $5.7 million interest payment that was due Wednesday, possibly …
The Coronavirus Pandemic Will Likely Leave a Lasting Legacy on Retail: Fewer Department Stores
CNBC, April 19, 2020–Lauren Thomas Already struggling before the coronavirus pandemic, department stores will emerge from this crisis in an even weaker position. “This is a liquidity crisis of enormous …
MBA Opens Doors Foundation Sees Increase in Grant Applications
The MBA Opens Doors Foundation, which helps families around the country stay in their homes while a child is being treated for a critical illness or injury, is seeing an increase in grant applications from families in need. Here’s how you can help.