Dwight Capital, New York, closed $88.1 million in financings.
Group Newslink: MBA Commercial/Multifamily NewsLink Dec. 9 2021
Commercial And Multifamily Delinquency Rates Fall
National Mortgage Professional, Dec. 8, 2021–Katie JensenCommercial and multifamily mortgage delinquencies decreased in the third quarter, according to the latest Mortgage Bankers Association’s Commercial/Multifamily Delinquency report.https://nationalmortgageprofessional.com/news/commercial-and-multifamily-delinquency-rates-fall
Multifamily Investors Lengthen Their Hold Periods As Inflation Fears, Dearth of Product Disrupt the Market
Wealth Management Real Estate, Dec. 8, 2021–Jenn ElliotA combination of macroeconomic and real estate-specific forces are making multifamily investors rethink their hold times.https://www.wealthmanagement.com/multifamily/multifamily-investors-lengthen-their-hold-periods-inflation-fears-dearth-product-disrupt?
Rental Data May Improve Credit Model Predictability by 10% or More
National Mortgage News, Dec. 7, 2021–Bonnie Sinnock (subscription)Combining information about a consumer’s rental payments with traditional credit data made it easier to predict their ability to repay than standard performance …
U.S. Bank Executives Raise Concerns over Inflation
Reuters, Dec. 7, 2021–Matt ScuffhamU.S. bank executives on Tuesday raised concerns about the impact of a sustained period of higher inflation, adding to pressure on the Federal Reserve to accelerate …
CFPB Issues Final Rule To Facilitate Transition From LIBOR
National Mortgage Professional, Dec. 7, 2021–David KrechevskyThe rule establishes requirements for how creditors must select replacement indices for existing LIBOR-linked consumer loans after April 1, 2022. Under the rule, no …
More Renters and Homeowners are Missing Payments
HousingWire, Dec. 7, 2021–Flavia Furlan NunesAccording to the Mortgage Bankers Association‘s Research Institute for Housing America, the number of households missing rent or mortgage payments increased from 5.33 million to …
Updated MBA State Commercial Mortgage Licensing Resource Now Available
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 …
Warehouse Space is Harder to Find as the Commercial Real Estate Market Heats Up
Philadelphia Inquirer, Dec. 6, 2021–Gene MarksDespite the persistent uncertainty of the pandemic economy, the U.S. commercial real estate market continues to thrive, with record-high asking rents driven by historically low …
OCC Warns of High Corporate Debt Levels, Commercial Real Estate Risks
American Banker, Dec. 6, 2021–Kate Berry (subscription)Elevated corporate debt, cybersecurity threats and the risk from chasing yield in a low-interest rate environment could undermine banks’ efforts to jumpstart earnings as …