CMF Newslinks Archive

“Bank holdings and multifamily loans backed by Fannie Mae and Freddie Mac drove growth during the [first] quarter. However, the balance of loans held in commercial mortgage-backed securities continues to decline and has now fallen by one-third since it peaked in 2007 as more CMBS loans are paid off and paid down than are originated.”
–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“Strong fundamentals and property prices, as well as still low interest rates, continue to support the performance of commercial and multifamily mortgages.”
–MBA Vice President of Commercial Real Estate Research Jamie Woodwell

“Maybe it’s always extraordinary in some way [in commercial real estate], but this is definitely an extraordinary time.”–Mortgage Bankers Association Vice President of Commercial Real Estate Research Jamie Woodwell, speaking at the MBA Commercial/Multifamily Servicing and Technology Conference.

“We must transform as an industry to be successful. We can and should evolve in the use of technology, while being inclusive and broadening our perspective. This is the path to a successful future in a world of constantly evolving technologies, policies and economic cycles.”
–Mortgage Bankers Association Chairman-Elect Rodrigo Lopez, CMB, speaking at MBA’s Commercial/Multifamily Servicing and Technology Conference.

“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.