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.
Category: News and Trends

MISMO Approves Taxpayer Consent Language as New Standard
MISMO®, the mortgage industry standards organization, today announced that its successful Taxpayer Consent Language is approved as a new standard.

Dealmaker: Berkadia Arranges $66M for Florida Multifamily
Berkadia secured $66.2 million in financing for two Florida multifamily properties.

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.

MBA LIVE: Virtual Annual Convention & Expo Oct. 19-21; Early Registration Deadline Wednesday
MBA is gearing up for its first-ever virtual Annual Convention & Expo. Taking place October 19-21 via MBA LIVE, attendees can connect whenever they want, from wherever they want.

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.