Daily market intelligence on mortgages, equity raising, investment sales, and CMBS.

Friday, 20 March 2020

MBA Makes Series of Proposals Designed to Help Small Businesses and Other Renters

 

The Mortgage Bankers Association has put together a series of proposals designed to help small businesses and property renters weather the economic impact of the coronavirus pandemic. Among other things, it has proposed expanding the Small Business Administration disaster-loan program and providing rental assistance vouchers to tenants in apartment properties.

 

 

 

Commercial Real Estate Direct Staff Report

The Mortgage Bankers Association has put together a series of proposals designed to help small businesses and property renters weather the economic impact of the coronavirus pandemic.

In a letter to Congressional leaders, the Washington, D.C., trade group said, "the financial ability of large numbers of families and small businesses to continue to pay rent and to cover other necessary expenses is severely at risk." It put together a list of 10 proposals that include the establishment of a voucher program for apartment renters to the provision of accounting and risk-based capital relief for life insurance mortgage lenders.

It also proposed an expansion of the Small Business Administration's disaster-loan program, which provides low-cost loans to small businesses disrupted by natural disasters.

If an apartment tenant loses his or her job, his ability to pay rent is impacted. That, in turn, affects the property owner's ability to stay current on its mortgage payment. The same is true of other properties. If a retailer or other type...





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“The Weekly”

“The Weekly” is Commercial Real Estate Direct’s PDF newsletter, sent to subscribers every Friday morning. With over 100 news stories published on Commercial Real Estate Direct each week, “The Weekly” features the top stories in commercial real estate that industry participants need to know first. “The Weekly” also contains:

  • Breaking mortgage, CMBS, and REIT news

  • Quarterly league tables with rankings of B-piece buyers, book runners, and lenders

  • Industry moves and changes in “The Insider“

Data Digest

 

CMBS DELINQUENCY VOLUME

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CMBS SPECIAL SERVICING VOLUME

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Top Bookrunners Domestic, Private-Label CMBS - 2017
Investment Bank #Deals Vol$mln MktShr%
Goldman Sachs 17.59 11,819.34 13.68
JPMorgan Securities 14.52 10,968.11 12.70
Citigroup 12.04 10,012.71 11.59
Wells Fargo Securities 14.02 9,936.06 11.50
Deutsche Bank 12.55 9,879.74 11.44

 

RCA CPPI

 

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CMBS 2.0 Spreads

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Top CMBS Loan Contributors - 2017
Lender #Loans Vol$mln MktShr%
Goldman Sachs 146.89 11,719.34 13.63
JPMorgan Chase Bank 117.68 10,114.14 11.76
Deutsche Bank 198.48 9,689.97 11.27
Morgan Stanley 166.18 8,539.78 9.93
Citigroup 199.05 8,088.24 9.41

 

 

 

REITCafe

  • Challenging Retail Environment Weights on REITs
    Mixed economic news is weighing on retail markets, pushing REIT performance down in 2015. This week, the National Retail Federation announced that back-to-school spending is expected to be down 9.3% in 2015. This news came on the heels of a report from the Commerce Department stating that retail sales declined 0.3%...
     
  • US REITs Feeling Effects from Turmoil in Greece and China
    International economic forces have taken center stage this week, affecting both US stock markets and REITs. The crash in the Chinese stock market and ongoing concerns about the future of Greece in the eurozone drove markets down during the first half of the week. REITs fared better than the overall market...

  • What Does Increased Construction Mean for Apartment REITs?
    REITs so far this year have raised $17.1 billion of capital through the sale of unsecured notes, bringing the total raised over the past two and a half years to just more than $75 billion. That’s more than they raised during the previous five years. The massive volume shouldn’t be a surprise as it comes while the yield from 10-year Treasury bonds, the benchmark...
shouldn’t be a surprise as it comes while the yield from 10-year Treasury bonds, the benchmark against which most REIT’s price their bonds
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