U.S. hotel gross operating profit per available room improved slightly from prior months in January, but remains in the low single digits, reported STR, Hendersonville, Tenn.
Category: News and Trends
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.
People in the News Mar. 4 2021
TIAA, New York, named Thasunda Brown Duckett to succeed Roger W. Ferguson Jr. as President and CEO.
Dealmaker: Meridian Capital Group Arranges $99M For Florida Portfolio
Meridian Capital Group, New York, arranged $99 million in financing to recapitalize the Boca Office Portfolio on behalf of Titan General Partners LLC, Weston, Fla.
Quote
“After slight deterioration at the end of 2020, commercial and multifamily mortgage performance improved for the second straight month in February, bringing delinquency rates down to the lowest level since April 2020.”
–MBA Vice President of Commercial Real Estate Research Jamie Woodwell.
MBA Weekly Survey Mar. 3: Rates Up; So Are Applications
Mortgage interest rates jumped sharply last week, and mortgage applications increased as well, as some home buyers sensed the possible end of a good thing, the Mortgage Bankers Association reported Wednesday in its Weekly Mortgage Applications Survey for the week ending February 26.
Joe Murin of JJAM Financial Services on the Future of the Housing Market—and the GSEs
Joe Murin is Chairman of JJAM Financial Services, Pittsburgh, Pa., which he founded in 2014. He previously served as Chairman of Chrysalis Holdings LLC and as CEO of ANC Holdings LP. Before that, he was Vice Chairman of The Collingwood Group and served as President of Ginnie Mae during the Obama Administration.
CRE Policymaking in a Pandemic
The Mortgage Bankers Association’s Capital Council hosted a panel on Thursday. Amidst an active policy landscape, commercial real estate advocates representing broad member constituencies discussed priorities for the new Congress and the Biden Administration.
Ritesh Singhania: Mortgage Rate Buy-Down Points–to Sell or Not to Sell?
Consumers should be informed and aware that, even after the rate on their loan is locked and before it
closes, they have the option to move up and down the rate stack (as above) that was originally used to
lock their loan.
Daren Blomquist of Auction.com on the Current State of the Distressed Marketplace
Daren Blomquist is vice president of market economics with Auction.com., Irvine, Calif. He analyzes and forecasts complex macro and microeconomic data trends within the marketplace and greater industry to provide value to both buyers and sellers using the Auction.com platform.