Commercial and multifamily mortgage bankers are expected to close $248 billion in loans backed by income-producing properties this year, a 59 percent decline from 2019’s record volume of $601 billion, a new Mortgage Bankers Association forecast said.
Group Newslink: MBA Commercial/Multifamily NewsLink July 16
COVID-19 Pandemic to Cause Commercial/Multifamily Lending Pullback in 2020
Commercial and multifamily mortgage bankers are expected to close $248 billion in loans backed by income-producing properties this year, a 59 percent decline from 2019’s record volume of $601 billion, a new Mortgage Bankers Association forecast said.
Andrew Foster: Commercial Observer Power Finance List Stacked with MBA Leadership
The Commercial Observer’s annual listing of commercial real estate finance power players includes some names familiar to MBA members. The list identifies the 50 most powerful figures in commercial real estate finance.
Social Responsibility, New Technologies Increase Real Estate Transparency
Greater emphasis on corporate social responsibility and new technologies have improved global real estate transparency over the past two years, JLL and LaSalle reported.
‘This Is Not a Normal Recession’: Banks Ready for Wave of Coronavirus Defaults
Wall Street Journal, July 14, 2020–Ben Eisen, David Benoit (subscription)The largest U.S. banks signaled that the worst of the coronavirus recession is yet to come, opting to stow away tens …
Big Banks Prepare for Protracted Recession, Report Significant Drop in Profits
Washington Post, July 14, 2020–Renae MerleThe recession triggered by the coronavirus pandemic will be deeper and longer than initially expected, according to three big banks that reported significant decreases in …
Commercial Real Estate Investments In Recessionary Times
Forbes, July 14, 2020–Dennis BethelTo better understand the performance of commercial real estate, let’s look to the past. Over the last 40 years, there have been five distinct recessions.https://www.forbes.com/sites/forbesrealestatecouncil/2020/07/14/commercial-real-estate-investments-in-recessionary-times/#73b71c966af9
COMBOG Nominating Committee Seeks Board Member Recommendations by July 17
The Mortgage Bankers Association’s Commercial Real Estate/Multifamily Finance Board of Governors (COMBOG) nominating committee is soliciting MBA members’ recommendations for individuals to serve on the Board beginning in October. There …
Commercial Real Estate Market Struggles as Residential Sector Rebounds
GlobeSt.com, July 13, 2020–Phillip BantzWhile the residential real estate market is experiencing what appears to be a swift rebound from the coronavirus-induced slump, the commercial landscape still looks relatively bleakhttps://www.globest.com/2020/07/13/commercial-real-estate-market-struggles-as-residential-sector-rebounds/
The Coronavirus Surge is Officially Slowing the U.S. Recovery
Bloomberg, July 13, 2020–Bloomberg StaffAn unprecedented increase in new Covid-19 cases is slowing the pace of the U.S. economy’s recovery from the pandemic.https://www.bloomberg.com/graphics/recovery-tracker/?srnd=premium