Three federal agencies this week announced a rule change allowing its member banks to postpone an appraisal on a residential or commercial property for 120 days after the loan is closed.
Tag: Coronavirus
CMBS Report: More Than 2,600 U.S. CMBS Borrowers Seek Coronavirus Relief; Delinquency Reports Mixed
Fitch Ratings, New York, reported more than 2,600 commercial real estate borrowers, representing $49.1 billion of mortgage loans, have sought potential debt relief during the first two weeks of the U.S. coronavirus outbreak.
CRE Finance in an Uncertain World
MBA hosted a webinar on Friday, March 27 with commercial real estate finance industry leaders to discuss COVID-19’s impacts on the industry.
HUD Releases Questions and Answers for Office of Multifamily Housing Stakeholders
On March 24 HUD released an industry update and provided questions and answers for Office of Multifamily Housing Stakeholders.
MBA Urges Feds to Take Immediate Further Steps on Market Stabilization, Liquidity
The Mortgage Bankers Association on Sunday asked the Treasury Department and the Federal Reserve to take immediate further actions ensure orderly functioning of the housing finance market in response to the “extreme volatility” in financial markets arising from the spread of the coronavirus.
FDIC Chair Calls for FASB to Delay CECL Rule Amid Pandemic
Federal Deposit Insurance Corp. Chair Jelena McWilliams, in a Mar. 19 letter to the Financial Accounting Standards Board, urged FASB to delay or postpone implementation of its current expected credit losses accounting rules.
CRE Finance in a World of Uncertainty–Where Are We Now
MBA Vice President of Commercial Real Estate Research Jamie Woodwell looks at where CRE finance stands today in a new blog post.
MBA Coronavirus, Treasuries & CRE Finance Webinar
The Mortgage Bankers Association hosted a webinar on March 12 with commercial real estate finance industry leaders covering current events and market developments.
MBA Coronavirus (COVID-19) Resources
The Mortgage Bankers Association has developed this resource page to assist our member companies as they plan and prepare for the novel coronavirus disease.