Commercial Mortgage News
Last Updated Sunday, September 09, 2001 11:29 PM CST
Senate Moves To Eliminate Emergency Requirement
On Multifamily
Builders want more funding
MortgageDaily.com June 25
Fannie and Freddie Claim Rising Share of
Multifamily Loan Market
Report by Ann Schnare, former Freddie Mac executive
TheBankingChannel.com June 22
Affordable housing seen impacted by accounting rule
Fannie Mae and Freddie Mac warned earlier this month that the new rule, known as Rule 140, would make it more difficult to raise money to finance multifamily housing.
Yahoo.com June 20
Federal funding exhausted
HUD’s plan calls for America’s building effort to continue on a year-round basis, includes higher fees for people who get loan guarantees and ensures that multifamily program pays for itself
ChicagoTribune.com June 17
New commercial mortgage lender founded
Collateral Mortgage, Charter American form private commercial mortgage bank
Inman.com June 14
US Housing market to slow but remain strong
Downturn likely to be especially apparent in commercial construction as businesses trim growth
Individual.com June 12
HUD Boss Offers Olive Branch on Insurance
Martinez told NAHB the administration aims to erase the stop and start cycle of the program, but would be willing to sit down to talk about concerns
Yahoo.com June 9
Banks Tighten Commercial Underwriting Standards
Demand for commercial mortgages is down, but has remained relatively stable
TheBankingChannel.com June 7Â (free subscription required)
Amtrak Asks For White House Permission To Mortgage Penn Station
Proceeds to keep company operating
MortgageDaily.com June 6
Housing Program Suffers Fund Woes
HUD spokeswoman: “The Bush administration inherited a multifamily insurance program that HUD has shut down three times in the last eight years because the funds were not properly managed to last the entire year”
Yahoo.com May 6
Democrats Slam Administration Over Housing Funds
House Financial Services Committee senior Democrat John LaFalce: “This is a glaring example of the antisocial priorities of this administration”
Yahoo.com May 6
The REIT Way to Diversify
The pros and cons of investing in real estate investment trusts
WashingtonPost.com May 27
Downtown rents start to soften
Tenant concessions make a comeback in Chicago
ChicagoTribune.com May 26
At Any Rate
Recent commercial mortgage industry ratings actions
MortgageDaily.com May 25
Rental Housing Loans at Risk, Bankers Warn
FHA loan loss reserve fund ran dry this week, halting new construction of rental housing backed by federal loans until the new fiscal year begins Oct. 1
WashingtonPost.com May 4
Mortgage adviser JTD, Transwestern Commercial merge
Transaction is part of continuing mergers and acquisitions trend hitting commercial mortgage brokerage business, as boutiques with strong local practices increasingly see advantages of national platform
ChicagoTribune.com May 2
X-rated
Recent commercial mortgage ratings actions
MortgageDaily.com April 19
FASB 140 has broader implications for asset-backed market
FASB official says rule is applicable to bonds pooling all consumer assets such as home equity loans and not just commercial real estate loans
Yahoo.com April 16
Real estate groups meet with FASB about rule 140
Market players said FASB likely won’t clarify this rule in the near-term
Yahoo.com April 9
Offices, stores hit first in real estate downturn
Analysts and investors are bracing for rising vacancy rates and falling rents during the next 12 to 18 months
Yahoo.com April 9
New accounting rule hits US commercial real estate
Industry blindsided by FASB 140 rule, which seems to state that the active servicing of loans by the special servicer in a commercial mortgage-backed security is inconsistent with sales treatment
Yahoo.com April 6
Ginnie Mae closes $291 mln multifamily securitization
First multifamily deal issued under Ginnie Mae’s REMIC program
Yahoo.com March 29
Rate This One
Recent commercial mortgage industry ratings actions
MortgageDaily.com March 27
Lagging indicator
Coalition for Affordable Rental Housing urging Congress to raise limit on FHA-insured multifamily loans by 25% and provide additional allowances for high-cost areas
Marketwatch.com March 24
First Union, Bank of America arrange $1.3 bln CMBS
Loan portfolio was 30.4% multifamily mortgages, 29.3% office buildings loans & 16.4% anchored retail space mortgages
Yahoo.com March 23
Real Estate Stocks Outpace Market
Commercial real estate performance is expected to hold steady through current troubled times in stock market
RealtyTimes.com March 21
HUD Will Raise Loan Limits for Apartment Projects
HUD estimates change will allow for an extra $300 million in construction of 3,000 more units in high-cost areas
CNNfn.com March 21
Apartment Builders Set Sights On Downtown L.A.
Long-Shunned City Core Is Winning The Attention of Some Big Developers
WSJ.com March 14Â (subscription required)
Commercial Mortgage Firms Must Enter ‘C-Commerce’ Era
MBA white paper on e-commerce
MBAA.org March 12
Prudential Originates $32 Million Loan
Mortgage secured by 3 Calif. industrial properties w/state-of-the-art big-box warehouse/distribution facilities
Yahoo.com March 6
AMI Capital Closes 1.8 Million Loan
189-unit seniors apartment community located in Las Vegas has debt service coverage of 1.30 times
Yahoo.com March 6
Blum CB Corp to acquire CB Richard Ellis
Transaction priced at $16 per share in cash
MortgageDaily.com February 26
S&P Acquires Charter Research
Purchase enables S&P to provide credit risk management services to commercial mortgage market
MortgageDaily.com February 15
The Week In Commercial Lending
A glance at the week ended February 10th
MortgageDaily.com February 12
Commercial Mortgage Technology’s Future
Panel discusses what to expect in real estate finance technology
MortgageDaily.com February 6
Tech Talk
Industry executives talk about application service providers
MortgageDaily.com February 6
MBAÂ Holds Commercial Finance Conference
Commercial real estate finance/multifamily housing convention being held in San Diego
MortgageDaily.com February 5
CMBS Servicing Grew Modestly In Third Quarter
Quarterly survey of 10 largest commercial mortgage-backed securities servicers conducted by MBA
MortgageDaily.com December 7
MBA And CMSA Form Joint CMBS Loan Documentation Integrity Task Force
Task force plans to address problems arising from incomplete or defective loan files
MortgageDaily.com December 4
