Although the Terrorism Risk Insurance Act--which provides a valuable federal backstop to insurance claims involving terrorism acts--is not set to expire until December 2020, the Senate Banking Committee is bringing up its reauthorization well ahead of time, an action the Mortgage Bankers Association welcomes.
MBA Launches Affordable Housing Initiative
The Title Report, June 25, 2019
CMBS: A Market That Has A Deeper Role Than The Numbers Indicate
Trepp, June 25, 2019--Jamie Woodwell
New York Landlords in a Financial Bind From New Rent Law
Wall Street Journal, June 24, 2019--Will Parker; Konrad Putzier (subscription)
Situs Group Merges with American Mortgage Consultants
HousingWire, June 20, 2019--Jessica Guerin
Where GSE Reform Could Be Headed and What It Could Mean for Lenders
National Mortgage News, June 19, 2019--Bonnie Sinnock (subscription)
Greystone Arranges $415M for Hudson Yards Development
Greystone, New York, arranged a $415 million construction loan for Douglaston Development's 931-unit mixed-use residential development at 601 W. 29th Street on Manhattan's Far West Side.
Walker & Dunlop Grows Atlanta Property Sales Team
Walker & Dunlop, Bethesda, Md., hired Kyle Palmer as Senior Vice President and Managing Director of Walker & Dunlop Investment Sales.
MBA Offices Closed July 4 and 5
MBA offices will be closed on July 4 and 5 in observance of the Independence Day holiday. MBA Commercial/Multifamily NewsLink will publish on Wednesday, July 3 instead. The daily MBA NewsLink issue will publish as usual on Friday, July 5.
MBA Chart of the Week: Housing Market Vacancy Rates
According to Census statistics, the U.S. added 1.5 million households during 2018 but built fewer than 1.2 million new housing units. The result is a tightening inventory--not just of homes for sale, but of homes available to occupy.
RCLCO: CRE Market Sentiment Slipping
CRE executives' market sentiment has decreased since last summer and is likely to continue to slip, said RCLCO, Washington, D.C.
Searching for a Solution to Rental Affordability Challenges
The Harvard University Joint Center for Housing Studies' State of the Nation's Housing report said overall rents rose at a 3.6 percent annual rate in early 2019, twice the pace of overall inflation.
April Single-Family Rents Up 3%
CoreLogic, Irvine, Calif., said low rental home inventory relative to demand fueled growth of single-family rent prices in April.
U.S. Hotel Forecast Downgraded
U.S. hotel sector growth is likely to slow this year and next, STR and Tourism Economics said.
Private equity firm Welsh, Carson, Anderson & Stowe agreed to acquire data provider Green Street Advisors from Golden Gate Capital.
MBA Education Webinar: Expect the Best, Prepare for the Worst: CRE Loan Workouts 101 Aug. 14
Join MBA Education August 14th from 2:00-3:30PM ET for a webinar that explores the topic of commercial mortgage loan workouts by convening subject matter experts from Trimont Real Estate Advisors, CW Capital, Fitch Ratings, Rialto and PGIM.
Apply Now for MBA Education Commercial/Multifamily Future Leaders Program
The MBA Education Future Leaders Program is an executive leadership development program that delivers a comprehensive curriculum for selected managers who have shown leadership interests and abilities.
MBA Expands Path to Diversity Scholarship Program Eligibility to Select Conferences
The Mortgage Bankers Association announced that scholarships awarded under its popular Path to Diversity (P2D) Scholarship Program can now also be used towards six upcoming MBA conferences where attendees can obtain Continuing Professional Education (CPE), Continuing Legal Education (CLE) or Society of Human Resource Management (SHRM) credits. The scholarships were previously only available for courses offered by MBA Education.
MBA Education Multifamily Property Inspection Workshop in Los Angeles July 10-11
MBA Education presents its popular Multifamily Property Inspection Workshop in Los Angeles July 10 and 11.