The Mortgage Bankers Association released its year-end ranking of commercial and multifamily mortgage servicers’ volumes, with Wells Fargo Bank N.A. at the top with $712 billion in master and primary servicing.
Group Newslink: MBA Commercial/Multifamily NewsLink Feb. 11

MBA Forecast: 2021 Commercial/Multifamily Lending to Increase 11% to Nearly $500 Billion
The Mortgage Bankers Association expects commercial and multifamily mortgage bankers to close $486 billion in loans backed by income-producing properties in 2021, an 11 percent increase from 2020’s estimated $440 billion, according to its latest forecast.

MBA: 2021 Commercial/Multifamily Mortgage Maturity Volumes to Increase 36%
The Mortgage Bankers Association says $222.5 billion of the $2.3 trillion (10 percent) in outstanding commercial and multifamily mortgages held by non-bank lenders and investors will mature in 2021, a 36 percent increase from the $163.2 billion that matured in 2020.

What Will It Take to Support 5.5 Million More Senior Renters by 2040?
Urban Institute, Feb. 9, 2021–Laurie Goodman, Jun ZhuThe nation’s current housing policy is not equipped for this sharp rise in senior renters, but changes to federal policies, programs, and funding …

‘Murky’ Outlook for Office Sector
The U.S. office sector faces a “murky” future after a tumultuous 2020, said Yardi Matrix, Santa Barbara, Calif.

Covid-19 Forces Co-Working Firms to Recast Their Business Model
Wall Street Journal, Feb 9, 2021–Konrad Putzier (subscription)The pandemic is compelling a number of co-working firms to discard original business models, or accelerate the adoption of a new one, with …

CMBS Market, Loan Origination Trends & Multifamily Lending
CREative Talks podcast, Feb. 9, 2021–Minjia YanCREative Talks podcast interviewed MBA Vice President Andrew Foster about the CMBS market, loan origination trends and multifamily lending. The episode is available on …

MBA: 2021 Commercial/Multifamily Mortgage Maturity Volumes to Increase 36%
The Mortgage Bankers Association says $222.5 billion of the $2.3 trillion (10 percent) in outstanding commercial and multifamily mortgages held by non-bank lenders and investors will mature in 2021, a 36 percent increase from the $163.2 billion that matured in 2020.

Rents Slide in NYC, San Francisco While Cheaper Cities Surge
Bloomberg, Feb. 8, 2021–Prashant GopalFlexible work policies have given Americans permission to move, driving up apartment rents in suburbs and lower-cost cities and pushing landlords to slash prices in New …

Malls Spent Billions on Theme Parks to Woo Shoppers. It Made Matters Worse
Wall Street Journal, Feb. 8, 2021–Esther Fung (subscription)For big operators who thought entertainment was a solution to a declining business, the bills are coming due.https://www.wsj.com/articles/malls-theme-park-attractions-covid-debt-11611267831?mod=hp_lead_pos5