|
|||||
 
|
Dennis Norman According to a report issued by the Mortgage Bankers Association, Commercial and multifamily mortgage origination volumes decreased 46 percent in 2009. Commercial banks and savings institutions were the largest single investor group for commercial and multifamily mortgages – responsible for $19.8 billion, or 24 percent, of the closed loan volume. Multifamily properties were the Continue reading… Commercial and Mulitfamily Loan Originations Down Almost 50 Percent in 2009 Dennis Norman Every facet of the apartment industry was touched by the Great Recession in 2009, according to the NMHC 50, the National Multi Housing Council’s annual ranking of the 50 largest apartment owners and the 50 largest apartment managers. “Apartment sales transaction volume plummeted,” noted Mark Obrinsky, NMHC Chief Economist. “Only $14 billion in properties Continue reading… ‘Great Recession’ Challenges Apartment Industry Dennis Norman Wells Fargo Bank was the top commercial/multifamily originator in 2009, according to a set of listings released by the Mortgage Bankers Association (MBA). Other originators in the top 10 include: PNC Real Estate; Eight different companies Continue reading… Wells Fargo Was Top U.S. Commercial/Multifamily Originator in 2009 According to MBA Dennis Norman The Mortgage Bankers Association (MBA) released its report on the performance of commercial and multifamily mortgages in the fourth quarter of 2009. Their last report from a year ago showed that commercial and multifamily mortgages were among the best performing loans held by banks and thrifts. Now, a year later, the data still Continue reading… Commercial and Multifamily Mortgage Performance Remains Better Than Other Loans Dennis Norman Commercial Real Estate to be the next “shoe to drop”? Can the banks suffer another blow? This sobering statistic was included in the Congressional Oversight Panel report, “Commercial Real Estate Losses and the Risk to Financial Stability” that was released this morning. The report states the panel “is deeply concerned that a wave of Continue reading… $1.4 Trillion in Commercial Loans Coming Due – Nearly Half Are Underwater The Mortgage Bankers Association (MBA) today released its Commercial Real Estate/Multifamily Finance Quarterly Data Book for the third quarter of 2009. Though technically the third quarter likely marked the end of the recession, strains on various parts of the commercial/multifamily real estate market continue to be felt.This analysis focuses on the overall state of the Continue reading… Commercial/Multifamily Real Estate Market Continues to Feel Effects of Economic Downturn Dennis Norman For the first year or so of the real estate slump, it appeared to just be concentrated in the residential market, specifically homes and condos. However, over the past few months the attention has shifted more and more to the commerical and multi-family markets as well as the economy remains weak. The Mortgage Bankers Association Continue reading… Commercial and multi-family properties mortgage delinquencies on the rise The recent deep economic downturn has had a pronounced impact on commercial real estate sectors, but credit availability is the big unknown that will determine how soon commercial markets recover, according to the National Association of Realtors®. Lawrence Yun, NAR chief economist, said some initial movements earlier this week in commercial mortgage-backed securities are encouraging. “The Continue reading… Commercial Real Estate Forecast Uncertain according to NAR Dennis Norman By: Dennis Norman According to the 2009 National Association of Realtors® Commercial Member Profile Realtors® specializing in commercial real estate experienced a slowdown in sales transaction volume in 2008, but also reported an increase in commercial leasing volume. Continue reading… Commercial REALTORS(R) Sales Volume Down; Leasing Volume up according to NAR Dennis Norman By: Dennis Norman Today the National Association of REALTORS(R) published their Commercial Leading Indicator for Brokerage Activity for the second quarter of 2009 showing a decline of 1.3 percent to an index of 101.5, down from an index of 102.8 in the first quarter. At 101.5 the index for the second quarter of 2009 Continue reading… Commercial Real Estate Slowing |
|
|||
|
Connecting St. Louis Information St. Louis The author and owner of this site are providing the information on this web site for general information only. The information on this site does not constitute the provision of legal advice, tax advice, accounting services, investment advice, or professional consulting of any kind nor should it be construed as such. The information provided herein should not be used as a substitute for consultation with professional tax, accounting, legal, or other competent advisers. Before making any decision or taking any action on this information, you should consult a qualified professional adviser to whom you have provided all of the facts applicable to your particular situation or question. None of the tax information on this web site is intended to be used nor can it be used by any taxpayer, for the purpose of avoiding penalties that may be imposed on the taxpayer. The information is provided as is, with no assurance or guarantee of completeness, accuracy, or timeliness of the information, and without warranty of any kind, express or implied, including but not limited to warranties of performance, merchantability, and fitness for a particular purpose Powered by WordPress & the Atahualpa Theme by BytesForAll. Discuss on our WP Forum |
|||||
Recent Comments