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Volume 17 | Issue 40 | Thursday, October 03, 2019

The Lede


MBA: Commercial/Multifamily Mortgage Debt Increased by $51.9 Billion in 2Q

The Mortgage Bankers Association reported commercial/multifamily mortgage debt outstanding rose by $51.9 billion (1.5 percent) in the second quarter.


Top National News

Multifamily Lending Jumps to Record High, Growth Expected Through 2020

National Mortgage News, Sept. 27, 2019--Paul Centopani (free content)
Rising demand and plummeting mortgage rates pushed multifamily origination dollar volume above 2017's record to a new peak, according to the Mortgage Bankers Association.

There’s a Tech Revolution Happening in Commercial Real Estate

Scotsman Guide, Oct. 1, 2019--Victor Whitman
Scotsman Guide interviewed MBA Vice President of Industry Technology Rick Hill about the tech revolution happening right now in commercial real estate.

Treasury Plan Keeps GSE Status Quo. For Now., Sept. 30, 2019--Paul Fiorilla
The Trump administration's recently announced plan to reform Fannie Mae and Freddie Mac allows the agencies leeway to continue multifamily lending at recent record levels at least until the end of 2020. The plan comes as somewhat of a surprise since members of the administration--particularly Federal Housing Finance Administration Director Mark Calabria--talked during the runup to the announcement about reigning in the GSEs' market share.

NFIP Extended Into November

National Mortgage Professional, Sept. 30, 2019--Phil Hall
President Trump has signed a continuing resolution that extends the National Flood Insurance Program until Nov 21.

The Outlook for Austin CRE Remains Blazing Bright

National Real Estate Investor, Sept. 30, 2019--John Egan
The economic engine of Austin, Texas, appears to be firing on all cylinders and shows no signs of running out of gas.

Slowing Economy in 4Q Will Not Hurt CMBS Sector: Morningstar

National Mortgage News, Oct. 2, 2019--Brad Finkelstein (subscription)
The commercial mortgage-backed securities sector will weather the fourth quarter's slowing but steady growth in the U.S. economy, as better loan performance counters a continued decline in volume, Morningstar said.

Dealmaker of the Week

Greystone Provides $50M for Multifamily

Greystone, New York, provided $50 million secured by apartment assets in Arizona and Texas.

People in the News

Transwestern Commercial Services Hires New Mid-Atlantic Team

Transwestern Commercial Services added a Structured Finance group to its Washington, D.C., office. Heading the new group are Managing Directors Andrew Asbill and Trevor Campbell.

News and Trends

MBA, Trade Groups Offer Support for 'YIMBY' Bill

You've heard, of NIMBY, of course--Not In My Back Yard. Turns out, there's also YIMBY--Yes, In My Back Yard. And in this case, YIMBY is something the Mortgage Bankers Association and other industry trade groups like.

MBA Opens Doors Foundation Kicks Off 2020 Fundraising Season with More Than $1.8 Million in Donations

The MBA Opens Doors Foundation announced it received $1.81 million in corporate and individual donations during its two-day FY 2020 fundraising campaign in late August.

CRE Volume Bounces Back After First Quarter Slowdown

While commercial real estate deal volume dropped in the first quarter, it bounced back in the second, according to new reports.

Falling Rates, Increasing NOIs Boost Apartment Investment

The apartment investment environment improved significantly in the second quarter, Freddie Mac reported.

Hotel Sector Faces Inflection Point

The U.S. hotel sector reported mostly positive results in its three main performance metrics during August, but some analysts say the sector faces an inflection point as its pipeline swells.

CRE Executives 'Cautiously Optimistic'

Commercial real estate executives remain cautiously optimistic about the U.S. CRE market despite concerns about a possible recession and global trade conflict, DLA Piper's Global Real Estate State of the Market survey reported.

Commercial/Multifamily Briefs

Arbor Realty Trust, Uniondale, N.Y., and Chandan Economics, New York, launched the Arbor Small Multifamily Price Index.

MBA News

MBA Education Webinars Now Free to MBA Members

Since October 1, all MBA member companies in good standing have more MBA benefits to celebrate, including complimentary access to all online education webinars and webinar recordings.

MBA Education Overview of C/MF Insurance Compliance Oct. 15

Commercial insurance is a dynamic component of real estate finance. Join MBA Education for a webinar covering the various elements of commercial insurance on October 15 from 2:00 to 3:30 ET.

Application Deadline Nov. 15: MBA Education C/MF Future Leaders Program

MBA Education is taking applications for its Commercial/Multifamily Future Leaders Program, an executive leadership development program that delivers a comprehensive curriculum for selected managers who have shown leadership abilities.

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

MBA Commercial/Multifamily NewsLink, a weekly electronic publication, is a member benefit free to employees of MBA member companies, and available by paid subscription to non-members. For membership information, click here.

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