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Volume 16 | Issue 48 | Thursday, December 06, 2018

The Lede


MBA: 3Q Commercial and Multifamily Mortgage Delinquencies Remain Low

Delinquency rates for commercial and multifamily mortgage loans remained low in the third quarter, according to the Mortgage Bankers Association's latest Commercial/Multifamily Delinquency Report.


Top National News

Commercial Loan Delinquencies Stay Down in 3Q

Scotsman Guide, Dec. 4, 2018--Victor Whitman
The delinquency rate on commercial/multifamily loans held by major investor classes remained exceptionally low in the third quarter, according to the Mortgage Bankers Association.

Chinese Dumped $1 Billion of U.S. Real Estate in Third Quarter, Extending Recent Retreat

Wall Street Journal, Dec. 4, 2018--Esther Fung (subscription)
Chinese investors offloaded more than $1 billion in U.S. real estate in the third quarter, extending their recent retreat from hotels, office buildings and other foreign property under pressure from Beijing to reduce debt and curb money sent abroad.

Six Skills Real Estate Investors And Developers Should Focus On Mastering

Forbes, Dec. 3, 2018
Forbes magazine asked six real estate professionals to share some critical skills anyone looking to succeed in real estate should possess.

BofA Says Commercial Real Estate Looks Better After Overheating

Bloomberg, Dec. 4, 2018--Lananh Nguyen
Bank of America Corp. says the property market is getting more interesting.

NFIP Gets Seven-Day Extension

National Mortgage Professional, Nov. 30, 2018--Phil Hall
Congress passed a seven-day extension of the National Flood Insurance Program, hours before its scheduled expiration.

News and Trends

Commercial Real Estate Jobs Evolving

Commercial real estate hiring remains healthy and steady, but the composition of CRE jobs is evolving, reported SelectLeaders, New York.

Workforce Housing Positioned to Outperform Market

Strong market fundamentals are attracting a wide variety of investors to workforce housing, creating good returns and helping preserve affordable accommodation in lower-income communities, reported CBRE, Los Angeles.

CMBS Delinquency Rate Resumes Decline

After a brief uptick in October the commercial mortgage-backed delinquency rate resumed its long-term downward trajectory in November, reported Trepp LLC, New York.

CRE's Risk (or Not) to the Financial System

Several factors could trigger the next recession, but it's unlikely a sharp downturn in commercial real estate will be the cause, said Wells Fargo Securities, Charlotte, N.C.

Commercial/Multifamily Briefs

CREModels, St. Petersburg, Fla., launched a free online resource to give commercial and multifamily real estate developers tools and information about Opportunity Zones.

People in the News

Bernhisel Returns to Barry Slatt Mortgage

Sarah Bernhisel returned to Barry Slatt Mortgage as Vice President in the firm's San Francisco office.

Dealmaker of the Week

George Smith Partners Secures $115M Hotel Construction Loan

George Smith Partners, Los Angeles, secured a $115 million non-recourse senior construction loan to develop a 326-key Radisson Blu hotel in Anaheim, Calif.

MBA News

CREF Connects Regional Event Jan. 24: A View From The Fed

Join MBA staff and your peers on Thursday, Jan. 24 from 5:00 to 7:30 PM in Houston for a discussion on economic growth, inflation and Fed expectations for both.

Call for Nominations for MBA Insights 2019 Tech All-Star Awards; Deadline Jan. 11

The Mortgage Bankers Association and MBA Insights are accepting nominations for the MBA Insights 2019 Tech All-Star Awards. Nominations will be accepted through Friday, Jan. 11.

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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