David Upbin is Vice President of Education Operations and Programming & MBA Strategy with the Mortgage Bankers Association. He joined MBA in 2013 and is responsible for financial management, operations, delivery and programming of MBA Education’s suite of training products and events.
Group Newslink: MBA Commercial/Multifamily NewsLink Jan. 21
Insurance Quotes and Coverages: Hardening Insurance Market and Lender Implications
One of the many shifts occurring in the commercial real estate marketplace are evolving dynamics for insurance coverages and costs which help mitigate landlord and lender risks. These shifts impact existing borrowers and loans as well as new originations and all the different parties involved in the CRE finance ecosystem.
MBA Chart of the Week: Monthly Housing Cost as Percentage of Income
This week’s MBA Chart of the Week uses AHS data to show the distribution of total monthly housing costs as a percentage of income. T
Call for Nominations: MBA NewsLink 2021 Tech All-Star Awards; Deadline Jan. 29
The Mortgage Bankers Association is accepting nominations for the MBA NewsLink 2020 Tech All-Star Awards. Nominations will be accepted through Friday, Jan. 29.
New Plan for Fannie, Freddie Threads the Needle
Commercial Property Executive, Jan. 18, 2021–Paul FiorillaRumors that the outgoing Trump administration would spring an 11th-hour effort to privatize Fannie Mae and Freddie Mac were set to rest last week …
Retail Sales Decline for Third Straight Month
CNN Business, Jan. 15, 2021–Nathaniel Meyersohn, Anneken TappeU.S. retail sales dropped last month, the Commerce Department said Friday, marking the third straight month without any growth.https://www.cnn.com/2021/01/15/economy/december-retail-sales/index.html
Penn Station’s Revival Gets a $1.6 Billion Down Payment
Bloomberg, Jan. 15, 2021–James RussellIn 2016, Governor Andrew Cuomo, who has made speeding up infrastructure projects a priority, willed the train hall we can see today into being. The tenacious …
Figure Lending Lands $100M Funding Facility
HousingWire, Jan. 15, 2021–James KleimannSoFi co-founder Mike Cagney’s latest digital mortgage operation Figure Lending closed on a $100 million funding facility from JPMorgan Chase this week.https://www.housingwire.com/articles/figure-lending-lands-100m-funding-facility/
The Trump Administration Plays its Last Cards on Fannie and Freddie
Urban Institute, Jan. 15, 2021–Jim ParrottThe author summarizes the Trump administration’s final steps to reform Fannie Mae and Freddie Mac, concluding that it builds some modest momentum for their release …
Office Sector Still Reeling From Recession
Cushman & Wakefield, Chicago, reported the recession that began in March is still being felt in the U.S. office market.