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Wednesday, May 15, 2019

  • General Session: The Economic and Commercial Real Estate Market Outlook

    Location: Diamond Ballroom 4,
    Third Floor


    Speaker(s)

    Jamie Woodwell, Vice President, CRE Research & Economics, Mortgage Bankers Association

    Steven R. Johnson, Managing Director of Commercial Mortgage Servicing, Principal Real Estate Investors

    General Session

    E-commerce, last-mile industrial, apartment construction, flexible workspace, the Federal Reserve, property valuations, new capital sources, loan performance.  There is $3.3 trillion of commercial mortgage debt outstanding in the United States, and as that figure continues to grow, so do the topics driving changes to commercial real estate.  MBA’s Vice President of Research & Economics, Jamie Woodwell, discusses the latest on the economy and the CRE marketplace, with a special focus on issues of importance to commercial and multifamily mortgage servicers.  This session provides a forecast you can't afford to miss, and helps you  understand where the markets are and where they are heading.

    Speaker(s)

    Jamie Woodwell, Vice President, CRE Research & Economics, Mortgage Bankers Association

    Jamie Woodwell is Vice President in the Research and Economics group at the Mortgage Bankers Association (MBA), where he oversees MBA's research on the commercial and multifamily real estate markets. Jamie's work covers the macro-economy, commercial and multifamily property markets, commercial and multifamily real estate finance, servicing, mortgage banking benchmarking and more. Jamie is an expert on the commercial real estate finance markets and he and his work are regularly cited in the media, on Capitol Hill and in regulatory settings. He is a frequent contributor to Mortgage Banking magazine and other periodicals and a regular speaker at industry events. He has appeared on CNBC, Bloomberg and in other popular and trade press and has testified before the Congressional Oversight Panel for TARP.

    Jamie also leads special MBA projects including its Council to Shape Change and the Council on Ensuring Mortgage Liquidity, and oversees MBA's commercial peer business roundtables including CFOs, CTOs and HR heads. The Council to Shape Change brought together leaders from the single-family and commercial/multifamily finance markets to identify key trends shaping the industry. The group issued its report "Outlook for the Real Estate Finance Industry" in 2006. In 2008, the Council on Ensuring Mortgage Liquidity brought together 23 industry leaders representing MBA's diverse membership who were tasked with determining what a functioning secondary mortgage market should like for the long term. In September of 2009, the Council released "Future Government Role in the Core Secondary Mortgage Market," a framework for government involvement in the single-family and multifamily secondary mortgage markets and a foundation for most subsequent reform proposals.

    Woodwell received his bachelor's degree in economics and American studies from Brown University in Providence, Rhode Island. He earned his master's degree in urban and regional planning from the Graduate School of Public and International Affairs at the University of Pittsburgh.

    Steven R. Johnson, Managing Director of Commercial Mortgage Servicing, Principal Real Estate Investors

    Steve Johnson is the Managing Director of Commercial Mortgage Servicing with Principal Real Estate Investors, the dedicated real estate unit of Principal Global Investors. He is responsible for managing the servicing activities for Principal’s $22.0 billion servicing portfolio composed primarily of CMBS and portfolio loans. This responsibility includes establishing the strategic direction for servicing, providing relationship management to clients, overseeing risk management of the servicing operations, pricing of new business and managing profitability. Prior to joining Principal in 2004, Steve was the Director of Portfolio Management for Wachovia Securities in Charlotte, North Carolina. Prior to joining Wachovia in 1993, Steve worked for Deloitte & Touche in Charlotte, North Carolina. Steve received a Bachelor's Degree in Accounting from Virginia Tech and is a Certified Public Accountant on inactive status.  Steve served as the chairperson for the MBA Commercial/Multifamily Servicer Council for 2014 and 2015.