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Opening statement of ranking member Spencer Bachus, full committee hearing entitled “The Future of Financial Services: Exploring Solutions for the Market Crisis”

Sep 24, 2008

MBA releases Q2 2008 Commercial Real Estate/Multifamily Finance Quarterly Data Book MortgagePress.comMBA, commercial real estate, multifamily, statistics The Mortgage Bankers Association (MBA) has released its Commercial Real Estate/Multifamily Finance Quarterly Data Book for the second quarter of 2008. The Data Book compiles the most up-to-date information on topics of interest to commercial/multifamily real estate finance industry participants and observers. As noted within MBA's Data Book, data covering the second quarter of 2008 reveals a sharp divide between what is happening in the production of new commercial/multifamily mortgages and what is happening among the $3.4 trillion of such mortgages that remain outstanding. On one hand, the production of new mortgages saw a steep decline in the second quarter, driven by the broader credit crunch and fears over economic fundamentals. On the other hand, outstanding commercial/multifamily mortgage debt, now at $3.4 trillion, continued to grow and to see relatively strong, steady performance. The second quarter edition includes the following topics: Economic Outlook which includes economic commentary, long-term real estate finance and macroeconomic forecast, employees on non-farm payrolls, Treasury yields and bank rates, and owner- and renter-occupied housing units. Commercial/Multifamily Finance Environment which includes comments from the Federal Reserve Board's Beige Book, property sales volumes, capitalization rates and multifamily building permits, and starts and completions. Newly added to this section is information on national asking rents and vacancy rates and on the balance between new completions and net absorption. Mortgage Production which includes commercial/multifamily mortgage originations, commercial mortgage-backed securities (CMBS) issuance and life company commitment volumes, as well as commercial real estate collateralized debt obligations (CRE CDO) issuance. Mortgage Debt Outstanding which includes analysis of commercial/multifamily mortgage delinquency rates, as well as the volume and characteristics of CMBS outstanding and their yield spreads. Loan Servicing which lists commercial/multifamily mortgage servicers, their roles and their servicing volumes. Listing of recent MBA Commercial/Multifamily research releases. Click here to view the book. For more information, visit www.mortgagebankers.org.
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Sep 24, 2008
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