Mortgage Bankers Association Senior Vice President of Commercial/Multifamily Mike Flood joined MBANow to discuss the CARES Act’s unemployment benefits and rental assistance.
Tag: COVID-19
Christopher Bennett: 2020’s Unprecedented Growth Requires Counterintuitive Thinking
As COVID-19 continues to affect the mortgage industry, lenders are realizing that conducting business as usual may not be possible or plausible. For a lender’s growth to reach new and different heights in 2020, new and different business practices, such as working with a hedge advisory firm, are required.
Office Sector Woes Continue
Analysts say the pandemic shutdown and millions of job layoffs are weighing heavily on the office sector.
Charlotte, Austin, Denver See Strongest STEM Job Creation
Charlotte, Austin and Denver have the fastest-growing number of science, technology, engineering and math jobs, which analysts expect will see renewed importance in the post-COVID economy.
The CMBS Market During the Pandemic: A Conversation with Moody’s Investors Service
MBA NewsLink interviewed Keith Banhazl, Victor Calanog and Nick Levidy from Moody’s, New York.
COVID-19 Pandemic to Cause Commercial/Multifamily Lending Pullback in 2020
Commercial and multifamily mortgage bankers are expected to close $248 billion in loans backed by income-producing properties this year, a 59 percent decline from 2019’s record volume of $601 billion, a new Mortgage Bankers Association forecast said.
Social Responsibility, New Technologies Increase Real Estate Transparency
Greater emphasis on corporate social responsibility and new technologies have improved global real estate transparency over the past two years, JLL and LaSalle reported.
Coronavirus Triggers ‘Fundamental Rethinking’ of Office Market
DBRS Morningstar, Chicago, said the COVID-19 pandemic could spark a “fundamental rethinking” of the open office concept and accelerate the move toward more flexible working arrangements.
Repurposing Retail After COVID-19
Reonomy, New York, said retail properties are being recycled and repurposed due to COVID-19 as retailers redefine the sales channels they use to reach consumers.
CoreLogic: Pandemic Hits Single-Family Rent Prices
CoreLogic, Irvine, Calif., said single-family rent growth slowed to its lowest level in years during April as unemployment reached its highest level in 80 years.