CMF Newslinks Archive

“The commercial real estate lending market has shown its resilience throughout the course of the year, which made for a stellar end of 2016.”–CBRE Global President of Debt & Structured Finance Brian Stoffers, CMB.

“Demand for rental units is at a historic high due to demographic changes and lifestyle preferences, but increasing new supply and other factors are likely to moderate multifamily market growth in 2017.”–Freddie Mac Multifamily Vice President of Research and Modeling Steve Guggenmos.

“[This paper] is intended to provide thoughtful recommendations on how to reform the GSEs while ensuring a healthy, robust secondary mortgage market emerges for both single-family and multifamily mortgages.”–MBA Chairman Rodrigo Lopez, CMB, on a new MBA paper advocating GSE reform principles.

“The widely held opinion is that real estate is in the seventh inning. We disagree. We see something very different. We might be in the seventh or eighth inning from a pricing perspective, but given the market forces and attributes that currently exist, we could be in the seventh inning of a very long extra-innings game for our industry.”–Avison Young Chair and CEO Mark Rose.

“The performance of pre-crisis [commercial mortgage-backed securities] deals differs so materially from post-crisis deals that they’re really separate markets.”–Brian Olasov, Executive Director of Financial Services Consulting with Carlton Fields, New York.

“Conventional wisdom says that at such high occupancy levels, hoteliers should have the leverage to implement strong price increases. However, like for much of 2016, you need to throw conventional wisdom out the window.”
–CBRE Hotels Senior Managing Director R. Mark Woodworth.

“Conventional wisdom says that at such high occupancy levels, hoteliers should have the leverage to implement strong price increases. However, like for much of 2016, you need to throw conventional wisdom out the window.”
–CBRE Hotels Senior Managing Director R. Mark Woodworth.

“The [interest rate increase] had been so widely telegraphed–and anticipated–that raising the Fed Funds rate alone was not likely to have a significant impact. The real news was in the Fed’s expectations for more rate increases in 2017.”
–Mortgage Bankers Association Vice President of Commercial Real Estate Research Jamie Woodwell.

“If [community and regional banks] continue to be the volume leader in taking out maturing commercial mortgage-backed securities loans, we’ll continue to see high success rates on maturing loans. But some evidence is mounting that regulatory pressures on these bank lenders is starting to bite.”–Brian Olasov, Executive Director of Financial Services Consulting with Carlton Fields, New York.

Commercial and multifamily mortgage delinquencies were once again quite low in the third quarter because of the continued strength in the market fundamentals.–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.