CMF Newslinks Archive

“Commercial and multifamily mortgages are performing very well. Delinquency rates for loans held by life companies, Fannie Mae and Freddie Mac are all hovering near zero. Among loans held by banks, the delinquency rate for multifamily loans is now lower than it has been since the series began in 1993 and the delinquency rate for mortgages backed by other commercial properties is down to levels seen before the most recent recession.”–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“The proposal would require market participants who trade agency mortgage-backed securities on a forward-settling basis with a FINRA-member broker-dealer to post margin. Included among these market participants are mortgage bankers who utilize the TBAs and other forward-settling mortgage-backed securities transactions to hedge their interest rate exposures.”–MBA President and CEO David Stevens, CMB, in a letter to the Securities and Exchange Commission asking to exempt multifamily transactions from a proposed rule that would require margin be posted on forward-settling agency securities.

“Every major investor group and property type except one has seen increases in year-to-date lending volumes, and we expect year-end numbers to continue that trend.”–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“The only property type flashing caution is lodging. Revenue per available room growth has been so rapid across so many markets, it’s easy to rationalize the need for new product coming online. But we also know from recent experience that lodging performance turns on a dime.”–Brian Olasov, executive director of financial services consulting with Carlton Fields Jorden Burt, Atlanta.

“Borrowing and lending in commercial and multifamily real estate markets is strong. Interest rates that have stayed lower longer than most anticipated and continued growth in property incomes and values are all pushing mortgage origination levels higher.”–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“Lenders provided more than $195 billion of capital to multifamily apartment owners in 2014, a new record.”MBA Vice President of Commercial Real Estate Research Jamie Woodwell.

“This resource will help members navigate the sometimes murky waters of state licensing regimes. While nothing can replace appropriate legal counsel, this tool can help an MBA member assess state requirements and engage in business planning for the future.”–MBA President and CEO David Stevens, discussing MBA’s state-by-state compilation of commercial/multifamily mortgage state licensing laws.

“The rise in overall debt levels is built on multifamily property incomes and values that continue to grow at strong rates.”–MBA Vice President of Commercial/Multifamiy Research Jamie Woodwell

“Really, 25 basis points on the short end of the yield curve really would not have affected real estate. That really pertains more to commercial debt on that end of the yield curve as opposed to the longer end which is where we’re typically borrowing at. So the impact should have been–would have been–nominal.”–Marcus & Millichap Capital Corp. Senior Vice President William Hughes discussing the Federal Reserve’s decision not to raise interest rates.

“Driven by increasing property values, improving property fundamentals and still low interest rates, commercial and multifamily lending and borrowing continued its strong pace in the second quarter.” –MBA Vice President of Commercial Real Estate Research Jamie Woodwell.