Multifamily

Fannie Mae identified the adoption of hedge accounting and regular issuance of multifamily Connecticut Avenue Securities deals as among strategies it could continue to pursue while navigating regulatory uncertainties and change.

Despite a drop in multifamily loan volume, industrial, health care, office and retail originations pushed overall multifamily and commercial mortgage lending to unprecedented heights, according to the Mortgage Bankers Association.

The loan participation is part of a debt refinancing package that paves the way for expanding the Parkmerced mega-development.

With more younger Americans renting than buying homes, apartment builders expect their current construction wave to continue.

People's United in Connecticut is letting the loans run off its books as it invests in higher-yielding commercial loans.

Groundbreakings on new homes surged in December to a 13-year high, giving the housing market momentum heading into the new year amid low mortgage rates, solid job growth and optimistic buyers and builders.

State officials are set to grant a private-equity firm building a passenger train to Las Vegas the ability to issue tax-exempt bonds, while requests for using the funding for affordable housing go by the wayside.

A lender that provided more than $388 million to finance one of Plano's biggest real estate developments has filed to foreclose on the project.

The delinquency rate for commercial mortgage-backed securities ended 2019 at its lowest point in nearly 11 years, aided by increased issuance and the resolution of legacy transactions, Fitch Ratings said.

Bolstered by a high demand by both lenders and borrowers, 2020's commercial and multifamily loan volume is anticipated to shoot well past last year's record total but adapting to the LIBOR and CECL shifts will provide challenges, according to the Mortgage Bankers Association.