The Bank Secrecy Act and Anti-Money Laundering Act remain a top priority for bank regulators. Virtually all large U.S. banks are or recently have been under enforcement actions for BSA/AML violations.
Group Newslink: MBA Commercial/Multifamily NewsLink March 4
MBA: February Commercial, Multifamily Mortgage Delinquency Rates Decrease
Delinquency rates for mortgages backed by commercial and multifamily properties decreased in February, as the COVID-19 pandemic’s impact on commercial and multifamily mortgage performance continues to vary by the different types of commercial real estate, the Mortgage Bankers Association reported.
Combating Real Estate Financial Crimes
The Bank Secrecy Act and Anti-Money Laundering Act remain a top priority for bank regulators. Virtually all large U.S. banks are or recently have been under enforcement actions for BSA/AML violations.
Sands to Sell Las Vegas Properties for $6.25 Billion to Apollo Global, REIT
Wall Street Journal, Mar. 3, 2021–Dave Sebastian (subscription)Las Vegas Sands Corp. agreed to sell its Las Vegas properties to Apollo Global Management Inc. and a real-estate investment trust for $6.25 …
MBA: February Commercial, Multifamily Mortgage Delinquency Rates Decrease
Delinquency rates for mortgages backed by commercial and multifamily properties decreased in February, as the COVID-19 pandemic’s impact on commercial and multifamily mortgage performance continues to vary by the different types of commercial real estate, the Mortgage Bankers Association reported.
Combating Real Estate Financial Crimes
The Bank Secrecy Act and Anti-Money Laundering Act remain a top priority for bank regulators. Virtually all large U.S. banks are or recently have been under enforcement actions for BSA/AML violations.
Empty Office Buildings Squeeze City Budgets as Property Values Fall
New York Times, March 3, 2021–Alan RappeportThe mayor of Arlington, Texas, laid out his grim economic predicament: Heavy spending on coronavirus testing and vaccine distribution had dwarfed dwindling tax revenue, …
Commercial Property Giant Moves Into Rental Houses
Wall Street Journal, March 3, 2021–Ryan Dezember (subscription)Jones Lang LaSalle, a major player in office leasing and management, is moving into the red-hot market for rental homes. The commercial property …
Buying Is Cheaper Than Renting In More Cities
National Mortgage Professional, Mar. 2, 2021–Navi PersaudSizeable increases in home prices and low inventory won’t be enough to drive buyers away just yet. Buyers are likely to continue to hunt …
CMBS Delinquency Rate Drops 8th Straight Month
In February, the commercial mortgage-backed securities delinquency rate saw its largest improvement since the pandemic started last year, reported Trepp, New York.