MBA: 2Q Commercial/Multifamily Mortgage Debt Rises

The Mortgage Bankers Association’s latest quarterly Commercial/Multifamily Mortgage Debt Outstanding report found commercial and multifamily mortgage debt outstanding rose by $43.6 billion (1.2 percent) in the second quarter.

MBA: Share of Loans in Forbearance Drops to 6.87%

The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 6 basis points to 6.87% of servicers’ portfolio volume as of September 20, from 6.93% the prior week. MBA estimates 3.4 million homeowners remain in forbearance plans.

MBA: 2Q Commercial/Multifamily Mortgage Debt Rises

The Mortgage Bankers Association’s latest quarterly Commercial/Multifamily Mortgage Debt Outstanding report found commercial and multifamily mortgage debt outstanding rose by $43.6 billion (1.2 percent) in the second quarter.

People in the News Sept. 29, 2020

JLL Capital Markets announced Rachael Lewis as a Director in its Los Angeles office, where she will be part of the debt and equity placement team led by Senior Managing Director Bill Fishel.

CBRE: Hotel Recovery Could Start Soon

After facing the lowest occupancy levels since the 1930s and huge revenue and profit declines in the second quarter, the hotel sector could begin a multi-year recovery soon, said CBRE, Los Angeles.

Quote

“Continued churn in the job market is likely keeping many homeowners who have been in forbearance reluctant to exit, given the level of economic uncertainty.”
–MBA Chief Economist Mike Fratantoni.

MBA: Share of Loans in Forbearance Drops to 6.87%

The Mortgage Bankers Association’s latest Forbearance and Call Volume Survey reported loans now in forbearance decreased by 6 basis points to 6.87% of servicers’ portfolio volume as of September 20, from 6.93% the prior week. MBA estimates 3.4 million homeowners remain in forbearance plans.