U.S. Residential Group Inc., a company based in the Dallas-Fort Worth area, has been formed to provide management and real estate services to the multi-family housing industry nationwide. U.S. Residential Group is a full-service, fee-based management company for conventional and affordable multi-housing communities. By combining the talents and expertise of apartment professionals with more than 30 years of experience from each region of the country, U.S. Residential Group offers a full array of services to the multi-housing industry.Read more

“Friends, Americans, mortgage professionals, lend me your ears … I come to bury InterBay, not to praise them. The evil that men do lives after them. The good is oft interred with their bones, so let it be with InterBay … we have been told that InterBay was ambitious: If it were so, it was a grievous fault …”Read more

Rising vacancies and falling rents are impacting all sectors of commercial real estate. Landlords are focusing on tenant retention and negotiating lease extensions at low rents with favorable allowances to sustain revenues. The Beige Book Jan. 13, 2010 Summary indicated that while economic activity remains at a low level, conditions have improved modestly further, and those improvements are broader geographically than in the last report. Commercial real estate markets deteriorated in most districts based on information collected on or before Jan. 5, 2009.Read more

Delinquency rates continued to increase in the fourth quarter for most commercial/multifamily mortgage investor groups, according to the Mortgage Bankers Association's (MBA) Commercial/Multifamily Delinquency Report. Between the third and fourth quarters, the 30-plus day delinquency rate on loans held in commercial mortgage-backed securities (CMBS) rose 1.63 percentage points to 5.69 percent. The 60-plus day delinquency rate on loans held in life company portfolios decreased 0.04 percentage points to 0.19 percent.Read more

The Commercial Mortgage Securities Association (CMSA) commended the continuing efforts in Congress to address the unique nature of commercial real estate finance. And, to this end, CMSA wishes to thank House Financial Services Committee Chairman Barney Frank (D-MA), Subcommittee Chairman Paul Kanjorski (D-PA) and Small Business Committee Chairwoman Nydia Velázquez (D-NY), in their efforts to hold a joint hearing today to discuss CRE challenges and issues facing small businesses.Read more

Berkadia Commercial Mortgage has announced the hiring of Matthew Case, a loan originator with more than 12 years experience, as an assistant vice president in the company's Los Angeles office. Case will report to Berkadia Senior Vice President and Branch Manager Ed Zimbler. “Matthew’s considerable experience originating commercial real estate loans with insurance companies will be a significant benefit to Berkadia’s commitment to increase loan volume with our correspondent insurance companies in 2010,” said Zimbler.

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Commercial Mortgage Securities Association (CMSA) has announced its support of U.S. Comptroller of the Currency John C. Dugan’s recent remarks on the need for a vital and robust securitization market, agreeing with several assertions that certain accounting and regulatory standards may limit credit availability.Read more

CampusMBA, the award-winning education division of the Mortgage Bankers Association (MBA), announced that six commercial mortgage banking professionals were awarded the Certified Mortgage Banker (CMB) designation, the highest professional designation for the real estate finance industry, at MBA's 20th Annual Commercial Real Estate Finance (CREF)/Multifamily Housing Convention & Expo in Las Vegas.Read more

The Mortgage Bankers Association (MBA) has released the results of its 2009 Commercial Real Estate/Multifamily Survey of Loan Maturity Volumes. The survey indicates that the volume of commercial and multifamily mortgage debt maturing in 2010 and 2011 is relatively low. Of the $1.45 trillion balance of outstanding mortgages held by non-bank investors, only 13 percent of the total ($183.9 billion) will mature in 2010 and seven percent ($99.8 billion) in 2011. The survey also found that maturities vary considerably by the type of investor holding the loan.Read more

John A. Courson, president and CEO of the Mortgage Bankers Association (MBA), has announced the appointment of Douglas Moritz as associate vice president of multifamily. “Doug is a seasoned real estate finance professional whose experience spans more than 20 years in the commercial/multifamily industry.Read more