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SUBSCRIBE ? Volume 8 | Issue 31 | Thursday, July 29, 2010
The Lede
MBA: Second Quarter Commercial/Multifamily Mortgage Originations Up from First Quarter; Flat from Last Year
Second quarter commercial and multifamily mortgage loan originations were 1 percent higher than during the same period last year and 35 percent higher than during the first quarter, according to the Mortgage Bankers Association's Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
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News and Trends

CMBS News

Dealmaker of the Week

MBA Policy & Advocacy

People in the News

MBA News

Article Abstracts

News and Trends
Non-Performing CRE Above 25 Percent in Failed Banks
Non-performing commercial real estate loans account for more than 27 percent of all non-performing loans in failed commercial and savings banks this year through July 16, based on recent statistics.
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CRE Returns Positive Numbers in 'Two-Tier Market'
All property sectors showed positive total returns during the second quarter for the first time since the second quarter of 2008, said the National Council of Real Estate Investment Fiduciaries.
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Financial Firms, Weak Housing Markets Push Up Office Vacancies
The Manhattan office market continues to show rising vacancies and falling absorption rates, albeit at a slower pace.
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In Brief: Fannie Provides Nearly $6B to Multifamily
Fannie Mae provided $5.9 billion in investment to the multifamily rental housing market for the first half of this year, mostly through its Delegated Underwriting and Servicing mortgage-backed securities program.
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CMBS News
Lack of Liquidity, Oil Crisis Spills into CMBS
Fitch Ratings, New York, said 115 U.S. commercial mortgage-backed securities loans scheduled to mature in August worth $1.3 billion could default.
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Realpoint: CMBS Delinquencies Up to $60.45B in June
June's delinquent unpaid balance for commercial mortgage-backed securities increased by $3.11 billion, up to $60.45 billion, up from $57.34 billion in May.
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Dealmaker of the Week
Pembrook Capital Finances $47.1 Million for Chelsea Multifamily
Pembrook Capital Management LLC, New York, provided $47.1 million in financing to recapitalize a Manhattan multifamily property.
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MBA Policy & Advocacy
MBA Commercial and Multifamily Update
The following highlights the Mortgage Bankers Association's recent Commercial and Multifamily activities aimed at meeting membership's business needs:
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MBA Advocacy Update
The Dodd-Frank Wall Street Reform and Consumer Protection Act crossed the finish line Wednesday morning when President Obama, surrounded by jubilant lawmakers, signed the 2,300-page bill into law.
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People in the News
Freddie Mac Appoints Jenkins VP, Head of Multifamily Underwriting and Credit
Freddie Mac appointed Deborah Jenkins to vice president and national head of multifamily underwriting and credit.
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MBA News
Call for Proposals for MBA 2011 CREF Convention Extended to August 9
The Mortgage Bankers Association is accepting panel and roundtable proposals for its Commercial Real Estate Finance/Multifamily Housing Convention & Expo 2011 through August 9.
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Registration Now Open for CREF 2011
Registration is now open for the Mortgage Bankers Association?s Commercial Real Estate Finance/Multifamily Housing Convention & Expo 2011, taking place Feb. 6-9 in San Diego.
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"Life insurers, CMBS conduits and others are back in the market and lending, and rates are at extremely attractive levels. However, low volumes of property sales, depressed property values, stressed cash flows and modest loan maturities are all keeping borrowing to a minimum."
--
Jamie Woodwell, vice president of commercial real estate research at the Mortgage Bankers Association.
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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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