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Volume 15 | Issue 8 | Thursday, February 23, 2017

The Lede


MBA: Commercial Mortgage Originations Down in Q4; 2016, 2015 Totals Even

SAN DIEGO--Commercial and multifamily mortgage originations increased by 20 percent between the third and the fourth quarters and fell by 7 percent from a year ago, according to the Mortgage Bankers Association's Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.


Top National News

Gone Shopping: Retail Sales Surged in January

USA Today, Feb. 15, 2017--Paul Davidson
Americans splurged in January as retail sales picked up sharply despite fewer car purchases, and a core reading was strong.

More Hurdles Ahead for Foreign Investors

National Real Estate Investor, Feb. 15, 2017--Beth Mattson-Teig
If the U.S. were to introduce substantive policy change and adopt an isolationist stance, that could potentially prompt foreign investors to hit the pause button or take a more wait-and-see approach.

Fannie Mae's Support of Invitation Homes' IPO Boosts SFR Market

GoRion, Feb. 17, 2017--Kerry Curry
Fannie Mae's backing of Invitation Homes' recently completed IPO bodes well for the future of the single-family rental market as the government-sponsored enterprise's decision to securitize a $1 billion loan adds an important layer of credibility.

Goldman Sees U.S. Mortgage Rates up 150 Basis Points by 2019

Reuters, Feb. 17, 2017--Richard Leong
Goldman Sachs analysts said on Friday that they expect 30-year conventional mortgage rates to rise 150 basis points to about 5.5 percent by 2019 in step with an increase in benchmark Treasury yields and investors demanding higher compensation to own mortgage-backed securities.

How the Drop in Oil Prices is Affecting Commercial Real Estate

National Real Estate Investor, Feb. 17, 2017--Patricia Kirk
Falling energy prices and energy-sector jobs have had a major impact on hotel stays and the oil-related financial sector in some cities as well as industrial occupancy in some states with a heavy dependence on oil.

A Eugene Commercial Real Estate Firm Recognizes a Female Partner

Eugene (Ore.) Register-Guard, Feb. 19, 2017--Ed Russo
After eight years, Stephanie Seubert's name is finally where it belongs--on the door of the firm that she owns with three others. The Eugene-based commercial real estate firm Evans, Elder & Brown recently underwent a name change to Evans, Elder, Brown & Seubert.

News and Trends

Stevens: Tax Reform Battle Looms on Capitol Hill

SAN DIEGO--Mortgage Bankers Association President and CEO David Stevens, CMB, said of all the potential changes from Capitol Hill this year, none could have a more dramatic effect than tax reform legislation.

PNC Real Estate/Midland Lead MBA 2016 Commercial/Multifamily Servicer Rankings

SAN DIEGO--The Mortgage Bankers Association released its year-end ranking of commercial and multifamily mortgage servicers' volumes for 2016.

MBA Forecast: 2017 to See Continued Growth in Commercial/Multifamily Real Estate Finance

SAN DIEGO--The Mortgage Bankers Association projects commercial and multifamily mortgage originations to grow to $515 billion in 2017, an increase of 3 percent from $502 billion in 2016 estimated volumes.

MBA Honors Ross with 2017 CREF Distinguished Service Award

The Mortgage Bankers Association honored William Ross, President of NorthMarq Capital, with the 2017 Commercial Real Estate Finance Distinguished Service Award here at the Association's 27th annual CREF/Multifamily Housing Convention & Expo.

MBA Presents CBRE Capital Markets with Diversity & Inclusion Award

SAN DIEGO--The Mortgage Bankers Association presented CBRE Capital Markets with its inaugural Commercial/Multifamily Diversity & Inclusion Award for its efforts in organizational diversity and inclusion.

Staubach Finds Success at Every Turn

DALLAS--Roger Staubach has had a great career. Five of them, in fact.

Seyfarth Shaw: Rising Rates Worry CRE Executives Most

Rising interest rates continue to dominate commercial real estate executives' concerns, reported law firm Seyfarth Shaw LLP, Chicago.

CREF Highlights

Commercial and multifamily developments and activities relevant to your business and our industry.

People in the News

Commercial Names in the News

A10 Capital, Boise, Idaho, hired Tom MacManus in a newly created role, President of Strategic Accounts.

Dealmaker of the Week

Berkadia Secures $25M in Miami

Berkadia's south Florida office secured $24.97 million for The Cornfeld Group to refinance Carib Villas, a 365-unit multifamily property in Miami.

MBA News

MBA Recognizes Premier Members

The Mortgage Bankers Association recognizes its Premier Members.

MBA Recognizes Select Members

The Mortgage Bankers Association recognizes its Select Members.

MBA Commercial-Multifamily Servicing & Technology Conf. May 21-24

The Mortgage Bankers Association Commercial/Multifamily Servicing and Technology Conference takes place May 21-24 at the Arizona Biltmore in Phoenix.

MBA Education Commercial Loan Origination Course Starts Feb. 27

MBA Education presents its popular Commercial Loan Origination Instructor-Guided Online Course beginning Feb. 27.

MBA Condominium Lending Workshop in Chicago Apr. 5-6

The Mortgage Bankers Association Condominium Lending Workshop, Challenges and Opportunities, takes place Apr. 5-6 in Chicago.

About MBA Newslink

President and CEO: Robert Broeksmit, CMB

Publisher: Marcia Davies, Chief Operating Officer

Vice President of Public Affairs: John Mechem

Editor: Mike Sorohan 202/557-2855 

Editorial Director: Michael Tucker 202/557-2851 

Senior Editorial/Advertising Specialist: Lesley Hall 202/557-2856

Advertising Opportunities: Bill Farmakis 203/834-8832

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