The Mortgage Bankers Association and affiliated groups shared recommendations with the Senate Banking Committee to improve the Main Street Lending Program’s effectiveness for commercial real estate owners and tenants.
Group Newslink: MBA Commercial/Multifamily NewsLink July 23
MBA, Trade Groups Submit Main Street Lending Program Recommendations
The Mortgage Bankers Association and affiliated groups shared recommendations with the Senate Banking Committee to improve the Main Street Lending Program’s effectiveness for commercial real estate owners and tenants.
Banks Facing Potential Hefty Volume of Troubled CRE Loans
National Real Estate Investor, July 21, 2020–Beth Mattson-TeigWith forbearance periods still underway, visibility has not yet emerged on how much distress sits on bank balance sheets.https://www.nreionline.com/distressed/banks-facing-potential-hefty-volume-troubled-cre-loans?
MBA Looks Ahead
Yield Pro, July 21, 2020–Bill JohnsonThe Mortgage Bankers Association recently released its commercial real estate finance forecast. It projects a fall-off in commercial lending this year with a recovery starting …
Keeping Current: Q&A With Midland Loan Services’ Tim Steward
MBA NewsLink interviewed Timothy E. Steward, Senior Vice President and co-head of Midland Loan Services, a PNC Real Estate business. Steward leads a team of more than 500 professionals responsible for delivering loan servicing, asset management and technology solutions to the commercial real estate finance industry.
40% of Bank Execs Plan to Reduce Real Estate Footprint: Survey
The Real Deal, July 21, 2020–Kevin SunWhile banks have begun the slow, careful process of returning employees to the office, most executives aren’t expecting everyone to come back.https://therealdeal.com/2020/07/21/40-of-bank-execs-plan-to-reduce-real-estate-footprint-survey/
CIT Group’s Chris Niederpruem on Taking the Helm of What He Helped Kickstart
Commercial Observer, July 21, 2020–Mack BurkeChris Niederpruem took over as CIT Group’s head of real estate finance a year ago this month. One of his first tests: Dealing with a …
Save on FedEx Shipping through MBA Member Advantage Program
Through the MBA Member Advantage Program, you can save up to 29 percent on small package shipping with FedEx. https://www.mba.org/members/member-resources/member-advantage-program?utm_source=Informz&utm_medium=Email&utm_campaign=mba.org&_zs=o2eVM1&_zl=I4M64
Biden Proposes $775 Billion Plan Funded by Real Estate Taxes
Bloomberg, July 21, 2020–Tyler PagerJoe Biden on Tuesday unveiled a $775 billion plan to bolster child care and care for the elderly that would be financed by taxes on real …
Wall Street Firms Consider Moving Jobs Out of NYC, Study Says
Bloomberg, July 20, 2020–Henry GoldmanWork from home and the reduced need for employees in New York’s financial and professional-services industries have prompted some companies to consider paring their presence in …