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Volume 17 | Issue 10 | Thursday, March 07, 2019

The Lede


MBA: Commercial/Multifamily Mortgage Delinquencies Remain Low in 4Q

Commercial and multifamily mortgage delinquencies remained at a low rate in the final three months of 2018, according to the Mortgage Bankers Association's 4th Quarter Commercial/Multifamily Delinquency Report.


Top National News

The Rise of Debt Funds

Commercial Property Executive, Mar. 4, 2019--Paul Fiorilla (MBA mention)
The number of debt funds and non-traditional lending sources has grown throughout this cycle. Is that a reflection of temporary market forces or have they become a permanently larger part of the commercial mortgage landscape?

Inclusion, Demographics, and the MBA's Role

Mortgage Media, Mar. 6, 2019--S.A. Ibrahim
Marcia Davies read "Women in the Workplace," a comprehensive study of the state of women in corporate America, with some concern. Davies, chief operating officer of the Mortgage Bankers Association, knows gender and race inequality is not specific to the mortgage industry and is found across corporate America. Changing it is going to take a mindful, focused and purposeful approach at all levels, but especially from leadership.

REITs Take On New Shine Amid Fed's Softened View on Rates

Wall Street Journal, March 4, 2019 --Jessica Menton (subsription)
The Federal Reserve's dovish tilt this year has been a boon for real-estate shares that were pressured by a threat of higher interest rates. Investors are scooping up REIT shares because of their large dividends and strong earnings growth.

Net Lease: CRE's Safest Play

National Real Estate Investor, Feb 28, 2019--Beth Mattson-Teig
Demand for net lease appears strong across the board from all types of investors.

Dealmaker of the Week

Love Funding Secures $28M for Adaptive Re-Use, Multifamily

Love Funding, Washington, D.C., closed bridge and permanent loans totaling $27.7 million in Wisconsin and Tennessee.

People in the News

Guild Joins Grandbridge Real Estate Capital

Grandbridge Real Estate Capital announced Jeff Guild joined the company's Norfolk, Va., commercial loan origination team as an assistant vice president.

News and Trends

MBA, Trade Groups Ask Agencies to Delay CECL Accounting Standard

The Mortgage Bankers Association and nearly a dozen industry trade groups asked federal agencies to delay the January 2020 implementation of controversial accounting standard, saying more analysis of potential consequences to lenders and consumers is needed.

MBA-Led Coalition Urges FHFA to Make Market Stability Priority in GSE Reform

The Mortgage Bankers Association, joined by 27 other organizations representing a cross-section of consumer and industry organizations, sent a letter Friday to Federal Housing Finance Agency Acting Director Joseph Otting on priorities for preserving access and affordability when undertaking administrative reforms to Fannie Mae and Freddie Mac.

Industrial Market Finishes 2018 at Near Record Low Vacancies

The industrial real estate market's vacancy rate closed 2018 at a near record low 4.9 percent, and e-commerce could further improve its performance going forward, analysts said.

CBRE: Cap Rates Remain Stable

Strong economic growth, abundant capital and a favorable supply and demand environment led to broadly stable capitalization rates for U.S. commercial real estate assets in second-half 2018, said CBRE, Los Angeles.

Report Cites Obstacles To Multifamily Development

The most significant barrier new multifamily development faces is the rising cost of construction, reported Colliers International, Toronto.

Construction Sector Powers Forward

Last year yielded steady growth for the construction industry despite increasing headwinds, said JLL, Chicago.

CRE Price Growth Slows to Eight-Year Low

Growth in U.S. commercial property prices slowed to the weakest annual pace in eight years in January, reported Real Capital Analytics, New York.

Commercial/Multifamily Briefs

Nuveen Real Estate launched its U.S. Cities Multifamily Fund, an open-end perpetual life real estate investment vehicle that will acquire and manage institutional-quality multifamily rental properties across the United States.

MBA News

Capital Markets Summit in New York April 10

The Mortgage Bankers Association Capital Markets Summit brings together the wider commercial real estate finance industry to learn about growing capital sources such as debt funds and mortgage REITs.

MBA Commercial/Multifamily Financial Officer Roundtable in Washington May 22-23

MBA hosts a peer group for finance professionals from commercial and multifamily real estate finance firms. The next roundtable meeting will be May 22 and 23 at MBA's Washington, D.C. headquarters.

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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