CMF Newslinks Archive

“Commercial real estate executives appear relatively optimistic about the general state of the market in 2016, with many predicting higher than average deal volumes for their firms.”
–Matt Galligan, President of CIT Real Estate Finance, New York.

“Together, these programs permit private sector lenders to continue to finance workforce and affordable apartments and residential healthcare facilities that serve millions of Americans.”
–MBA Senior Vice President of Legislative and Political Affairs Bill Killmer, in an MBA letter to House appropriators urging them to approve a bill that would fully fund rental assistance programs, particularly Section 8 Project-Based Rental Assistance.

“FHFA’s review and adjustment mechanism in its 2016 Scorecard and its close monitoring of changing market conditions will support continued liquidity in workforce rental housing, help avoid market disruptions and allow for competition among capital sources that finance this vital market.” –MBA President and CEO David Stevens, CMB, on the Federal Housing Finance Agency’s announcement that it would increase multifamily loan limits for Fannie Mae and Freddie Mac.

“With occupancy likely reaching a peak last year and average daily room rate growth moderating, it is understandable that investors are asking how much longer the current hotel cycle will last.”
–Wells Fargo Securities Senior Economist Anika Khan.

“There is a need for GSE reform. But we’re not going to get to reform Fannie Mae and Freddie Mac if we don’t work together in the center to find common ground. There are plenty of issues we can find common ground on.”
–Rep. Terri Sewell, D-Ala., speaking to MBA’s National Advocacy Conference. Sewell serves on the House Financial Services Committee.

“If there were any doubts about rising vacancy in the apartment market they should now be put to rest.”–Reis Senior Economist and Director of Research Ryan Severino.

“Commercial real estate borrowing and lending in 2015 came within a whisker of the record-high level of 2007.”
–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“With the current dynamics of the market and the commercial mortgage-backed securities market dislocated and anemic, nothing tells me life companies won’t meet all their goals this year.”–Al Moczul, Senior Managing Director and Regional Director with Berkadia, New York.

“Renting is becoming a popular choice among many age groups. While most renters still have favorable views toward homeownership and aspire to it, many choose to rent because they view it as more affordable and a better fit for their lifestyle right now.”
–David Brickman, executive vice president of Freddie Mac Multifamily., McLean, Va.

“In 2015, commercial and multifamily mortgage debt grew by the largest amount since the series began in 2007; multifamily mortgage debt grew at the fastest pace since that series began in 1993; and the amount of commercial and multifamily mortgage debt held in agency and GSE portfolios and MBS and on bank balance sheets grew more than in any previous year on record.”–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.