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Volume 16 | Issue 25 | Thursday, June 21, 2018

The Lede


MBA, Trade Groups Ask CFPB for Multifamily Exemption to HMDA Reporting

The Mortgage Bankers Association and other industry trade groups urged the Consumer Financial Protection Bureau to narrow its definition of financial institutions subject to the Home Mortgage Disclosure Act reporting by exempting transactions secured by multifamily properties.


Top National News

Florida Officials Approve Plan to Build Largest U.S. Mall

Wall Street Journal, June 19, 2018--Esther Fung (subscription)
At a time when store closures are accelerating and struggling malls pockmark the country, county commissioners in Florida have approved a plan to build what would be the largest mall in the U.S. American Dream Miami would also be the most expensive mall ever built.

In the Pipeline: Only One Thing Can Stop Multifamily's March

HousingWire, June 18, 2018--Jeremiah Jensen
Multifamily real estate is proving itself to be a rock-solid investment, and as the economic cards fall in favor of the asset class, its strong fundamentals are cementing into place and turning it into a nearly unstoppable barge of respectable returns on investment. But will the good vibes last?

What Do SFR Renters Want?

National Real Estate Investor, June 18, 2018--Bendix Anderson
Keeping single-family rental residents in homes longer drastically improves the economics of the business because of the high cost involved in preparing a home to rent.

Regulation to Blame for 32% of Multifamily Production Expenses

National Mortgage News, June 15, 2018--Elina Tarkazikis (subscription)
Regulation, on average, imposed by all levels of government accounts for 32% of multifamily development costs, according to the National Association of Home Builders and the National Multi Housing Council.

Commercial and Multifamily Delinquency Rates Hold Steady

National Mortgage Professional, June 14, 2018--Phil Hall
The delinquency rates for commercial and multifamily mortgage loans were virtually unchanged from the fourth quarter of last year to the first quarter of this year, the according to the latest Commercial/Multifamily Delinquency Report issued by the Mortgage Bankers Association.

Pension Funds Hunt for Higher Yields in CRE

National Real Estate Investor, June 20, 2018--Beth Mattson-Teig
Pension funds still have a healthy appetite for commercial real estate, with firms raising allocations even as industry returns decline.

News and Trends

Public Comments Sought: Revised MBA Standard Property Inspection Form

The Mortgage Bankers Association released for public comment a revision to its Standard Property Inspection Form.

Single-Family Rental Prices Could Be Stabilizing

Rents for single-family rental assets continue to grow, but prices could be starting to stabilize, reported CoreLogic, Irvine, Calif.

U.S.-China Trade Tensions 'Non-Factor' So Far for CRE

Both U.S. and Chinese property markets continue to perform well despite increasing trade tensions between the two countries, reported Cushman & Wakefield, New York.

Industrial Real Estate Hits its Stride

After record years in 2016 and 2017, the industrial sector is poised for an even stronger 2018, reported Yardi Matrix, Santa Barbara, Calif.

First Half Hotel Performance 'Better Than Expected'

North American hotels continue to experience significant growth, with average daily rates up 2.7 percent and bookings up 1.4 percent compared to the first quarter, reported TravelClick, New York.

People in the News

Kenny Joins Greystone as Managing Director

Greystone, New York, named George Kenny Managing Director of Institutional Sales for the firm's lending operations.

Dealmaker of the Week

NorthMarq Capital Secures $64M for Office, Industrial

NorthMarq Capital, Minneapolis, secured $63.9 million for office and industrial properties in three states.

MBA News

Essential Overview of Business Income Insurance Webinar June 21

MBA Education presents the Essential Overview of Business Income Insurance webinar on Thursday, June 21 from 2:00-3:30 PM ET.

CREF Market Intelligence Symposium in New York July 11-12

The Mortgage Bankers Association CREF Market Intelligence Symposium cuts through the clutter to provide hard facts about the state of commercial real estate markets--what we do and don't know.

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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