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SUBSCRIBE ? Volume 8 | Issue 22 | Thursday, May 27, 2010
Spotlight
Balloon Risk Preoccupies Multifamily Servicers
NEW YORK--Balloon risk maturations will keep multifamily servicers preoccupied for not only the next few years but possibly the rest of this decade.
Full Story

Industry News

Trends

CMBS News

DealMaker of the Week

MBA News

Article Abstracts

Industry News
Subordinate Debt Adds to Capital Stack Maturities
NEW YORK--Subordinate debt in a commercial mortgage-backed securities capital stack could sway maturity schedules, said Jamie Woodwell, vice president of commercial real estate at the Mortgage Bankers Association.
Full Story

Equity Line Cuts Stall Capital Improvement
NEW YORK--Banks appear more likely to eliminate lines of credit rather than reduce loan amounts, with one outcome a reduction of working capital in the system.
Full Story

Maloney Presses for Higher FHA Limits
NEW YORK--Increasing FHA loan limits wouldnot only add more rental units to New York City but the United States as well, said Joint Economic Committee Chair Carolyn Maloney, D-N.Y.
Full Story


Trends
Construction, Development Lending on Hold, Reis Says
Construction and development lending will not return to the United States market until current lender caution subsides, said Reis Inc., New York.
Full Story


CMBS News
CMBS Special Servicers Get Creative as Volume Increases
Commercial mortgage-backed securities special servicers turned to creative workout strategies when volume reached $81.7 billion at the end of the first quarter, said Fitch Ratings, New York.
Full Story


DealMaker of the Week
Berkadia Originates $140.6M FHA for Pediatric Center, Historic Hotel
Berkadia Commercial Mortgage, Horsham, Pa., originated more than $140.6 million in FHA financing for a New York pediatric center and an historic Virginia hotel.
Full Story


MBA News
MBA Commercial/Multifamily's Member Update
The following letter to the Mortgage Banker's Association's Commercial/Multifamily membership begins a series of monthly letters to update members on MBA advocacy efforts in a number of areas, including research, education and servicing and technology. Look for this letter each month in MBA Commercial/Multifamily NewsLink.
Full Story

MBA Advocacy Update
All eyes were on the Senate last week, to see whether Majority Leader Harry Reid, D-Nev., could muster votes to pass a financial overhaul bill that would impose sweeping changes to virtually every sector of the financial industry, from the regulation of mortgage products to derivatives to credit cards.
Full Story

QuoteLink

"If the fundamentals of that market have changed so that the equity is gone and it is never going to come back, and you are never going to recover any additional money you put into the deal, then the best thing to do is to say it is not going to work and liquidate it."
--Charles Windham, vice president of Protective Life Corp.
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
Senior Staff Writer: Charles Wisniowski 202/557-2841 cwisniowski@mortgagebankers.org
Advertising Opportunities: Bill Farmakis 203/834-8832 bill@jlfarmakis.com
John Courson, President and CEO, Mortgage Bankers Association

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