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Volume 17 | Issue 7 | Thursday, February 14, 2019

The Lede

 

Broeksmit: CRE Cycle Not About 'Innings,' but 'Phases'

SAN DIEGO--Commercial real estate has cycled up and down and up again over the past 15 years. But since 2015, CRE has been in a "new phase," said Mortgage Bankers Association President and CEO Bob Broeksmit, CMB.

 

Top National News

 
Multifamily and CRE Mortgage Lending Projected to Match Record High

National Mortgage News, Feb. 11, 2019--Paul Centopani (subscription)
Stable equity and debt availability should keep multifamily and commercial real estate originations in line with 2017's peak, according to the Mortgage Bankers Association.

Q4 Commercial and Multifamily Mortgage Originations Up 14 Percent

National Mortgage Professional, Feb. 11, 2019--Phil Hall
Fourth quarter originations for commercial and multifamily mortgages were up 14 percent on a year-over-year basis, according to new data from the Mortgage Bankers Association.

Lift

MReport, Feb. 8, 2019--Rachel Williams, Krista Franks Brock
Integrity, decisiveness and empowerment. These are the three core qualities of an effective leader, according to Marcia Davies, COO of the Mortgage Bankers Association and creator of mPower, a networking group for women in housing finance, sponsored by MBA.

Facing Opposition, Amazon Reconsiders NY Headquarters Site, Two Officials Say

Washington Post, Feb. 8, 2019--Robert McCartney, Jonathan O'Connell, Patricia Sullivan
Amazon.com is reconsidering its plan to bring 25,000 jobs to a new campus in New York City following a wave of opposition from local politicians.

BB&T-SunTrust: Three Big Questions

American Banker, Feb. 7, 2019--Paul Davis (subscription)
BB&T finally scored the type of deal it has coveted for nearly two decades--a massive acquisition that puts it one step closer to becoming a top-five bank.

Bankruptcy Judge Says He Will Approve Lampert Purchase of Sears

Wall Street Journal, Feb. 7, 2019--Lillian Rizzo (subscription)
A bankruptcy judge said Thursday he would approve Edward Lampert's bid to purchase Sears Holdings Corp., a decision that will keep the doors open at more than 400 stores and see 45,000 people keep their jobs.

Dealmaker of the Week

 
Berkadia Secures $50M for Multifamily

Berkadia, New York, secured $50.1 million for multifamily properties in Virginia and Missouri.

News and Trends

 
MBA Forecast: Commercial/Multifamily Originations to Hold Firm in 2019

SAN DIEGO--Steady commercial real estate markets, along with equity and debt availability, are expected to keep commercial and multifamily mortgage originations roughly on par with the volumes seen the past two years, according to the Mortgage Bankers Association's 2019 Commercial/Multifamily Real Estate Finance Forecast.

MBA: 2019 Commercial and Multifamily Mortgage Maturity Volumes to Increase 8 Percent

SAN DIEGO--The Mortgage Bankers Association said $110.5 billion (6 percent) of the $1.9 trillion in outstanding commercial and multifamily mortgages held by non-bank lenders and investors will mature in 2019.

2018 Ends on a High Note with a 14 Percent Rise in Commercial/Multifamily Borrowing

SAN DIEGO--A strong final three months of the year helped commercial and multifamily mortgage originations increase by 3 percent in 2018, according to preliminary estimates from the Mortgage Bankers Association's Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.

Wells Fargo Leads MBA 2018 Year-End Commercial/Multifamily Servicer Rankings

SAN DIEGO--The Mortgage Bankers Association released its year-end ranking of commercial and multifamily mortgage servicers' volumes (as of December 31, 2018), showing Wells Fargo again leading the rankings.

MBA Presents PNC with Commercial/Multifamily Diversity & Inclusion Leadership Award

SAN DIEGO--The Mortgage Bankers Association awarded PNC Bank with the 2019 Commercial/Multifamily Diversity & Inclusion Leadership Award.

GSE Multifamily Lending Grows, Adapts

SAN DIEGO--Multifamily's role in the housing market is growing--and Fannie Mae and Freddie Mac are playing an increasing role in financing multifamily real estate, GSE executives said here at the MBA CREF/Multifamily Housing Convention & Expo.

CREF Highlights

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

CMBS Delinquency Rate Falls to Post-Crisis Low

The commercial mortgage-backed securities delinquency rate began the year the way it concluded 2018: by dropping again, reported Trepp, New York.

Commercial/Multifamily Briefs

Fannie Mae, Washington, D.C., will increase the loan limit of small mortgage loans to $6 million from $3 million or less nationwide and $5 million or less in high-cost markets.

People in the News

 
NorthMarq Promotes Smith

NorthMarq promoted Jason Smith to Managing Director of its Washington, D.C. office.

MBA News

 
MBA Commercial/Multifamily Servicing/Technology Conference in Los Angeles May 14-17

The Mortgage Bankers Association's annual Commercial/Multifamily Servicing and Technology Conference takes place May 14-17 at L.A. LIVE, Los Angeles.

Make Your Voice Heard through MBA Mortgage Action Alliance

The Mortgage Action Alliance is a voluntary, non-partisan and free nationwide grassroots lobbying network of real estate finance industry professionals, affiliated with the Mortgage Bankers Association.

About MBA Newslink

President and CEO: Robert Broeksmit, CMB

Publisher: Marcia Davies, Chief Operating Officer

Vice President of Public Affairs: John Mechem jmechem@mba.org

Editor: Mike Sorohan 202/557-2855 msorohan@mba.org 

Editorial Director: Michael Tucker 202/557-2851 mtucker@mba.org 

Senior Editorial/Advertising Specialist: Lesley Hall 202/557-2856 lhall@mba.org

Advertising Opportunities: Bill Farmakis 203/834-8832 bill@jlfarmakis.com

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One Voice. One Vision. One Resource. The Mortgage Bankers Association (MBA) is the national association representing the entire real estate finance industry. For more information visit us at mba.org.