Securitization’s New Multifamily Play: An MBA NewsLink Roundtable

A new multifamily-focused conduit execution is taking shape in the CMBS market, creating another potential financing channel alongside traditional conduit and agency lending. MBA NewsLink spoke with market participants to examine what’s driving the emerging structure and how its risks compare with existing alternatives.

KBRA Finds Lodging Delinquencies Vary by Price Class, Chain

The commercial mortgage-backed securities lodging 30-plus day delinquency rate stood at 6.4% as of March, compared to 6.5% in March 2025 and 5.3% in March 2024, according to Kroll Bond Rating Agency, New York.

NewsLink Q&A With KBRA: 2026 U.S. CMBS Outlook

MBA NewsLink recently interviewed Kroll Bond Rating Agency’s Larry Kay and Aryansh Agrawal about their 2026 commercial mortgage-backed securities outlook.

KBRA: Self-Storage Outperforms Despite Headwinds

Kroll Bond Rating Agency, New York, reported the self-storage sector has been one of the best-performing property types in commercial mortgage-backed securities, even while facing headwinds in the last two years.

KBRA Says CMBS 2.0 Office Exposure Rising

Kroll Bond Rating Agency, New York, reported the five-year trend of conduit office exposure declining reversed in first quarter, with exposure rising to 16.3% from 13.9% in Q1 2024 and 15.4% for the full-year 2024.