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SUBSCRIBE ? Volume 7 | Issue 22 | Thursday, June 4, 2009 Click here to view in browser
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MBA Study: Commercial/Multifamily Delinquency Rates Continue to Rise
The weakening economy and continuing credit crunch led to increases in commercial/multifamily mortgage delinquencies during the first quarter, the Mortgage Bankers Association reported yesterday in its Commercial/Multifamily Delinquency Report.
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Industry News

Trends

CMBS News

DealMaker of the Week

People

MBA News

Article Abstracts

Industry News
Appraisal Reductions More than Double
Between December 2008 and May, the balance of loans with appraisal reductions more than doubled, with an average reduction 36 percent of the loan balance, reported TreppWire, a monthly newsletter from Trepp LLC, New York.
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10-Year Yields Hold Back Refinancing
Rising 10-year Treasury yields could hamper commercial real estate refinance activity in an already tight credit environment, said Sam Chandan, president of Real Estate Econometrics, New York.
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Trends
Location, Performance Reflects Rising Cap Rates
Rising capitalization rates in office, apartment and retail properties in the United States reflect weak fundamentals, performance and geographic discrepancies.
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U.S. Financial Office Markets Sputter on Global Scale
United States office markets in financial and accounting sectors dropped out of the world's top 10 office markets, said CB Richard Ellis Group Inc., Los Angeles.
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CMBS News
S&P Extends Methodology Comment Period to June 9
After surprising an already volatile commercial mortgage-backed securities industry with a ratings methodology change proposal and Request for Comment, Standard & Poor's, New York, extended its comment deadline to June 9.
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DealMaker of the Week
Bank of America Finances $22M on California Office Property
George Smith Partners, Los Angeles, placed $22 million financing with Bank of America NA, Charlotte, N.C., for an office complex in El Segundo, Calif.
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People
MBA Nominates Young as Vice Chairman-Elect
The Mortgage Bankers Association today nominated Michael Young, chairman of the board of Cenlar FSB, Ewing, N.J., as its Vice Chairman-Elect. Young will be elected by MBA members at the Association's 96th Annual Convention & Expo in San Diego this October.
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MBA News
MBA Advocacy Update
The International Accounting Standards Board has drafted a proposed accounting pronouncement on "de-recognition" which would govern the accounting for sales and securitizations of financial instruments, including mortgage-backed securities.
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Registration Open for CREF 2010
Registration is now open for the Mortgage Bankers Association's Commercial Real Estate Finance/Multifamily Housing Convention and Expo, taking place Feb.1-4, 2010 in Las Vegas.
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Register for CampusMBA?s Multifamily Property Inspection Workshop
Registration is open for CampusMBA?s popular Multifamily Property Inspection Workshop, taking place July 14-16 in Chicago.
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QuoteLink

"Delinquency rates on commercial and multifamily mortgages held by banks and thrifts, by Fannie Mae and in commercial mortgage-backed securities are all now at levels higher than those seen following the 2001 recession.?
--Jamie Woodwell, vice president of commercial real estate research at the Mortgage Bankers Association.
StatLink

About MBA Commercial/Multifamily NewsLink
Publisher: Cheryl Crispen, Senior Vice President - Communications and Marketing
Editor: Mike Sorohan 202/557-2855 MSorohan@mortgagebankers.org
Editorial Manager: Michael Murray 202/557-2851 MMurray@mortgagebankers.org
Advertising Opportunities: Bill Farmakis 203/834-8832 bill@jlfarmakis.com
John Courson, President and CEO, Mortgage Bankers Association

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