CMF Newslinks Archive

“Modest growth in net operating income, taken together with declines in mortgage rates, resulted in moderate increases in [the Apartment Investment Market Index] from the previous quarter.”–Freddie Mac Multifamily Vice President of Research and Modeling Steve Guggenmos.

“With the so-called ‘wall of maturities’ behind us and a vibrant market for new originations, we are once again seeing more new loans being originated for commercial mortgage-backed securities than we are seeing in old loans paying off and paying down. The result is the largest increase in outstanding CMBS mortgages since the end of 2007.”–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“Because of the Rounds Amendment, this package will protect the ability of most Americans to obtain safe, decent shelter and affordable home mortgage credit without disruption. Had this language not been included, the change in tax accounting for mortgage servicing rights would have had a devastating impact on the flow of capital that supports a robust and competitive real estate finance market, both single-and commercial/multifamily. We thank the Senate for its leadership on this issue.”–Mortgage Bankers Association President and CEO David Stevens, CMB.

“It is hard to imagine commercial and multifamily mortgages performing better than they are today. Strong property fundamentals and values and ready credit availability are all helping contribute to this extraordinary performance.”–MBA Vice President of Commercial Real Estate Research Jamie Woodwell

“This long-term reauthorization will provide certainty to homeowners and businesses that depend on the program for flood damage protection. Additionally, this legislation contains important provisions related to the clarification and expansion of the private flood insurance market.”–MBA President and CEO David Stevens, CMB, on House passage of legislation reauthorizing the National Flood Insurance Program.

“Commercial and multifamily real estate finance is a nearly $4 trillion industry and touches almost every segment of the economy. Acquisition, Development or Construction loans in particular, which this legislation supports, help to promote economic growth and job creation.”–MBA President and CEO David Stevens, CMB.

“You can expect the Fed to hike interest rates in December and you may see a couple hikes next year regardless of who leads the Fed. But this does not mean you should not worry about central banks as a whole. Perhaps the Fed is almost on autopilot in the U.S. and that’s why markets are doing so well.”–Allianz Chief Economic Advisor Mohamed El-Erian.

“The one thing I know for sure after decades of significant involvement with this association is this: all is possible when we step up, lean in, say yes to the call and work together to make our industry the best it can be.”–Rodrigo Lopez, CMB.

“Market momentum has continued in 2017, with strong demand from borrowers and a strong appetite to lend by lenders, especially of loans going to government-related entities.”–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“Investors will continue to place a premium on transit-served locations where a live-work-play environment exists or can be developed. These locations tend to attract demand generators in the form of key office tenants and superior amenities, which lead to rental-growth premiums and strong asset performance.”–Avison Young Principal and Managing Director John Kevill