GlobeSt.com, Aug. 17, 2022–Erik ShermanNo one wants a recession, but they are part of the business cycle. The chances are reasonable that in the near- to mid-term, the U.S. could …
Group Newslink: MBA Commercial/Multifamily NewsLink Aug. 18 2022
Cap Rates Equalizing Across Metros
GlobeSt.com, Aug. 16, 2022–Lynn PollackCap rates across major US markets are becoming increasingly similar, even in cities like San Francisco and New York where they’ve typically hovered much lower than …
Rent Growth Diverging Across Office and Multifamily
GlobeSt.com, Aug. 15, 2022–Lynn PollackRent growth across the office and multifamily sectors is no longer in lockstep, disrupting a lengthy period in which the sectors typically followed the same trend, …
Agency Multifamily Market Heats Up, but Non-Agency CMBS Cools
Inside Mortgage Finance, Aug. 12, 2022–John BancroftSecuritization of income-property mortgages declined from the first to the second quarter due to slumping non-agency issuance, according to a new Inside MBS & …
Increased Cost of Capital Forces a Reset of Multifamily Valuations
Wealth Management Real Estate, Aug. 12, 2022–Jenn ElliotBuyers are beginning to ask for discounts and some deals fall through. But experts say the disturbance in the sector is based on …
Former Hotels Become Multifamily Housing
Multifamily Executive, Aug. 11, 2022–Leah DraffenThe need for more than four million units by 2035 is pushing multifamily developers to get creative in their use of existing buildings, especially former …
Fannie, Freddie Both Pass 2022 Stress Tests Despite Misalignment on Risk Rating
American Banker, Aug. 11, 2022–Kyle Campbell (subscription)Fannie Mae and Freddie Mac, the government-backed mortgage companies, would face a combined credit loss of more than $17 billion under this year’s stress …
Fed Officials Say More Rate Hikes Needed, Despite Slowing Inflation
Reuters, Aug. 11, 2022–Ann Saphir, Howard SchneiderSlowing U.S. inflation may have opened the door for the Federal Reserve to temper the pace of coming interest rate hikes, but policymakers left …
MBA State Commercial Mortgage Licensing Resources
The Mortgage Bankers Association has updated its state-by-state compilation of commercial/multifamily mortgage licensing requirements. The updated resource is a no-cost, member-only benefit that is updated annually. It covers state requirements …