Commercial Multifamily Research Market Intelligence Blog

July 23, 2019
By Jamie Woodwell; Reggie Booker
MBA's CREF Market Intelligence Symposium

On July 10 and 11, in association with NYU Schack Institute of Real Estate and sponsored by DBRS, MBA hosted its third annual CREF Market Intelligence Symposium. The Symposium has become an important forum for commercial and multifamily real estate finance leaders and analysts to come together, hear from leading researchers and discuss key risks (and opportunities) facing the industry.

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Topics:
CREF
Market Intelligence
June 30, 2019
By Reggie Booker; Jamie Woodwell
First Quarter Maintains Momentum

Commercial real estate and real estate finance markets maintained their momentum during the first quarter of 2019.

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Topics:
Data Book
June 21, 2019
By Jamie Woodwell
Housing Market Vacancy Rates

There has been a great deal of attention paid lately to the mismatch between the supply of, and demand for, housing in the United States. 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.

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Topics:
Housing
Vacancy
June 7, 2019
By Jamie Woodwell
Preparation for LIBOR Conversion in Commercial Real Estate Finance

The vast majority of commercial and multifamily mortgage lenders report they are working on the transition away from LIBOR, but the devil is in the details. The London Interbank Offered Rate (LIBOR) is a leading reference rate for adjustable-rate loans in the United States and around the world, and is targeted to sunset at the end of 2021.

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Topics:
LIBOR
Survey
May 24, 2019
By Jamie Woodwell and Reggie Booker
New Issue CMBS Spreads to Swaps

In a search for yield and a vote of confidence in the assets, investors have pulled commercial mortgage-backed securities (CMBS) credit spreads lower in recent years.

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Topics:
CMBS
Spreads
April 17, 2019
By Jamie Woodwell
Adjustable Rate Debt in Commercial Real Estate Finance

The London Interbank Offered Rate (LIBOR) is a leading reference rate for adjustable-rate loans in the United States and around the world, and is targeted to sunset at the end of 2021.

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Topics:
LIBOR
Mortgage Debt Outstanding
April 12, 2019
By Jamie Woodwell, Reggie Booker
Top Mortgage REIT, Debt Fund and Other Investor-Driven Lenders

Last year, Blackstone Mortgage Trust Inc. was the top investor-driven lender, followed by Deutsche Bank Securities Inc., Capital One Financial Corp., Wells Fargo, Apollo Global Management, LoanCore Capital, LLC, Mesa West Capital, LLC, KKR Real Estate Finance Trust Inc., TPG Real Estate Finance Trust, and PCCP LLC.

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Topics:
Mortgage REIT
Debt Fund
Investor Driven Lender
April 5, 2019
By Reggie Booker, Jamie Woodwell
Top 10 Commercial & Multifamily Mortgage Originators in 2018

MBA recently released its annual 2018 Rankings of Commercial/Multifamily Mortgage Firms' Origination Volumes and the following firms were the top commercial/multifamily mortgage originators: HFF; Wells Fargo; CBRE Capital Markets, Inc.; Key Bank; Eastdil Secured; JP Morgan Chase & Company; Meridian Capital Group; Bank of America Merrill Lynch; PNC Real Estate; and Berkadia.

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Topics:
Originations
Top 10
April 4, 2019
Video

Jamie Woodwell, Vice President of Research and Economics at Mortgage Bankers Association (MBA), joined the RealCrowd Podcast to discuss recent MBA research on how lenders view the current market.

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Topics:
Podcast
Woodwell
March 31, 2019
By Reggie Booker; Jamie Woodwell
CRE Mortgage Financing Ends 2018 Strong

2018 ended on a strong note for commercial mortgage borrowing and lending.

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Topics:
Data Book
March 22, 2019
By Michael Fratantoni, Jamie Woodwell
MBA Commercial/Multifamily Market Uncertainty Bingo

Prepayment of GSE and life company loans, and originations of debt fund and CMBS loans, balance out 2019 loan maturities.The wide range of topics facing the industry prompted us to develop this Bingo card - which we unveiled at the opening general session of MBA's CREF Convention - to help attendees navigate as they moved from issue to issue.

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Topics:
Bingo
CREF Convention
February 15, 2019
By Reggie Booker, Jamie Woodwell
Loan Maturities Over Time

Prepayment of GSE and life company loans, and originations of debt fund and CMBS loans, balance out 2019 loan maturities.

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Topics:
Maturities
GSE debt funds
January 25, 2019
By Reggie Booker, Jamie Woodwell
CMBS Issuance and Spreads

Commercial mortage-backed securities (CMBS) issuance is tied closely to spreads, giving a sense of how 2019 is likely to shape up.

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Topics:
CMBS
Issuance
Spreads
December 24, 2018
By Jamie Woodwell; Reggie Booker
CRE Markets Stable in Q3

Commercial real estate fundamentals and finance markets were largely stable during the third quarter.

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Topics:
Data Book
December 21, 2018
By Jamie Woodwell
Household Change, Income, Tenure and Cost Burden

Numbers from Harvard's Joint Center for Housing Studies tell an important story about affordability, and also about how households and the housing market interacted before, during and after the Great Recession.

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Topics:
Households
Affordability
Owner