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SUBSCRIBE ? Volume 12 | Issue 25 | Wednesday, February 6, 2013
The Lede
MBA Survey: 21% Decline in 2013 Maturing CRE/Multifamily Mortage Balances
SAN DIEGO--The Mortgage Bankers Association said $119.5 billion, or 8 percent of the outstanding balance of commercial and multifamily mortgages held by non-bank lenders and investors will mature in 2013, a 21 percent decline from 2012.
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Top National News

Residential Finance News

Commercial/Multifamily News

MBA News

Article Abstracts

Top National News

Justice Department Faces Uphill Battle in Proving S&P Fraud
New York Times, Feb. 5, 2013--Henning, Peter; Davidoff, Steven
While court documents point to "shoddy practices and greed," Justice Department will be hard-pressed to prove fraud occurred.

CBO Sees Rising U.S. Debt, Economic Rebound in 2014
Wall Street Journal, Feb. 5, 2013--Paletta, Daniel
Congressional Budget Office says improving factors, legislation has improved economy, but debt continues to rise.
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Obama Calls on Congress to Pass Spending Cuts, Tax Changes to Delay Sequester
Washington Post, Feb. 5, 2013--Goldfarb, Zachary
President says action would delay automatic spending reductions by several months; Republicans want more cuts.

MBA Forecasts 11 Percent Rise in Commercial and Multifamily Originations
National Mortgage Professional, Feb. 5, 2013
MBA forecast says commercial/multifamily originations will grow to $254 billion in 2013.

Ally Financial Swings to 4th Quarter Profit on Tax Benefit, Mortgage Moves
Dow Jones Newswires, Feb. 5, 2013
Company showed $1.45 billion profit in 2012, compared to a $206 million loss in 2011.

Residential Finance News

Mortgage Applications Rebound in MBA Weekly Survey
Mortgage applications increased for the fourth time in five weeks, while key interest rates reached a six-month high, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending February 1.
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CoreLogic: Home Prices Show Biggest Increase since 2006
CoreLogic, Irvine, Calif., said home prices rose by 8.3 percent in December, the 10th consecutive monthly increase and the biggest year-over-year increase since May 2006.
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Commercial/Multifamily News

Stevens: CRE Markets Showing 'Strength,' 'Resiliency'
SAN DIEGO--Mortgage Bankers Association President and CEO David Stevens said signs point positively in 2013 for the commercial real estate/multifamily housing industry.
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MBA Honors Stout with 2013 CREF Distinguished Service Award
SAN DIEGO--The Mortgage Bankers Association honored Robert Stout, president and CEO of Q10 Capital LLC, with the 2013 CREF Distinguished Service Award.
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Debt Financing Demand Shows CRE Appeal
SAN DIEGO--Real estate debt financing remains an attractive risk-return option for many lenders in spite of economic volatility, reported Jones Lang LaSalle, Chicago.
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MBA Honors Johnson with Inaugural 'Be a Leader' Award
SAN DIEGO--The Mortgage Bankers Association presented Guy Johnson, president of Johnson Capital Group Inc., Irvine, Calif., with its first-ever Be A Leader award here at the Association's 23rd Annual Commercial Real Estate Finance/Multifamily Housing Convention & Expo.
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Dealmaker of the Day
Johnson Capital's Denver office arranged a $15.3 million refinance loan secured by Desert Sky Apartments via the FHA Section 223(a)(7) program.
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MBA News

MBA National Servicing Conference/Expo Feb. 19-22
You still have time to register for the Mortgage Bankers Association's National Mortgage Servicing Conference & Expo, Feb. 19-22 at the Gaylord Texan in Dallas.
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MBA Opens Doors Foundation Supports Families
The Mortgage Bankers Association has created the MBA Opens Doors Foundation to sponsor philanthropic activities focused on homeownership and community support.
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Today at CREF
SAN DIEGO--The Mortgage Bankers Association's Commercial Real Estate Finance/Multifamily Housing Convention & Expo concludes here today.
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"We're more bullish on capital availability this year than we have been in the last five years. Lenders all have greater allocations and equity capital is as available, or more available, than we've ever seen it before."
--Tom Melody, co-head and executive managing director of Jones Lang LaSalle's Real Estate Investment Banking division.

About MBA NewsLink
Publisher: Marcia Davies, Senior Vice President, External Relations and Chief of Staff
Editor: Mike Sorohan 202/557-2855
Editorial Director: Michael Tucker 202/557-2851
Advertising Opportunities: Bill Farmakis 203/834-8832
David H. Stevens, President and CEO, Mortgage Bankers Association

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