One result of a strong housing market driven by low rates, high demand and supply constraints is a substantial increase in investor interest in single-family rental housing. MBA NewsLink interviewed Berkadia executives Hilary Provinse and Dori Nolan about the SFR landscape and the outlook for this burgeoning sector.
Category: News and Trends
Briefs From Arbor, Freddie Mac, Savills
Arbor Realty Trust, Uniondale, N.Y., closed an $815 million commercial real estate mortgage loan securitization.
ULI: Electrification Key to Decarbonizing Building Sector
The Urban Land Institute, Washington, D.C., said the commercial real estate industry can shift to a decarbonized future by moving to all-electric buildings.
MBA: 1st Quarter Commercial/Multifamily Mortgage Debt Up 1.1%
Commercial and multifamily mortgage debt outstanding rose by $44.6 billion or 1.1 percent in the first quarter, the Mortgage Bankers Association’s latest Commercial/Multifamily Mortgage Debt Outstanding report said.
Dealmaker: Alliant Credit Union Closes $68 Million in Multifamily
Alliant Credit Union, Chicago, closed $68.4 million in financing for three multifamily properties in the Southeast and the West Coast.
Share of Mortgage Loans in Forbearance Decreases to 4.04%
The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 12 basis points to 4.04% of servicers’ portfolio volume as of June 6 from 4.16% the prior week–the 15th consecutive week of declines.
MISMO Launches eMortgage Technology Certification Program
MISMO®, the real estate finance industry’s standards organization, launched an eMortgage Technology Certification program to assist lenders in identifying products that comply with industry standards.
Industry Briefs June 15, 2021
The Federal Housing Finance Agency issued a Request for Input on executive compensation at its regulated entities: Fannie Mae and Freddie Mac and the Federal Home Loan Banks.
MBA Advocacy Update June 14, 2021
Last week on Capitol Hill, the House Transportation & Infrastructure Committee held a markup on the INVEST in America Act, and HUD Secretary Marcia Fudge appeared before the Senate T-HUD Appropriations subcommittee to discuss the FY 2022 budget. On Monday, Freddie Mac issued a bulletin providing further details regarding its implementation of recently-adopted limits on deliveries of loans secured by second homes and investor properties.
Shawn Ansley of VICE Capital Markets: The Need for Strong Data/System Integrations in Hedging
While “The Law of Averages” may apply to a wide variety of activities, hedging isn’t one of them. For a mortgage lender to extract the most value out of their hedging strategy, that strategy must be specific to their organization and its unique make-up.