President Obama announced that he is elevating the head of the Small Business Administration (SBA) to a Cabinet-level position, as he urged Congress to also grant him permission to consolidate that and other federal agencies in an attempt to make government more efficient. The decision to bring SBA … [Read more...] about 1.31.12: SBA Administrator Karen Mills Elevated to Cabinet-Level Position
Archives for January 2012
1.25.12: Fed Expected to Hold Rates Low Until 2014
On Wednesday, the Federal Reserve, citing ongoing concerns for a global economic slowdown and a stubbornly weak U.S. labor market, said it expects to keep record-low interest rates in place at least until late 2014. Fed Chairman Bernanke said the Central Bank stands ready to take additional action … [Read more...] about 1.25.12: Fed Expected to Hold Rates Low Until 2014
1.23.12: $11 Billion in CMBS Pipeline Through April
The CMBS deal calendar for early 2012 is taking shape. All told, 14 transactions totaling $10.8 billion are scheduled to hit the market by April, according to a preliminary tally by Commercial Mortgage Alert. The activity comprises nine multi-borrower deals totaling $9.3 billion, three … [Read more...] about 1.23.12: $11 Billion in CMBS Pipeline Through April
1.18.12: SBA 504 Refinance Program to End in 2012
Ron Goldstein, director of Lender Relations for the N.Y. district office of the SBA, recently reminded New York SBA lenders that time is running out on the 504 Certified Development Company Loan Program for debt refinancing authorized by the Small Business Jobs Act of 2010. The program is set to … [Read more...] about 1.18.12: SBA 504 Refinance Program to End in 2012
1.6.12: Record Month for SBA 504 First Mortgage Lien Pool (FMLP) Program
According to Secondary Market Access (SMA), a leading SBA 504 First Mortgage Line Pool (FMLP) settlement firm, December 2011 saw record activity for FMLP settlement with a total of 24 loans settled into 10 separate pools. SMA’s Bob Judge said FMLP volume is growing significantly as lenders realize … [Read more...] about 1.6.12: Record Month for SBA 504 First Mortgage Lien Pool (FMLP) Program
1.3.12: CMBS Delinquency Rates Continue to Drop — for Now
Delinquencies of 30-days-plus in commercial real estate loans in CMBS fell 26 basis points (bp) to 9.51%, according to Trepp, New York, yesterday. Only August 2011's 36-bp drop was larger. But Trepp warned that higher delinquency rates could be on the horizon. Trepp expects the delinquency rate to … [Read more...] about 1.3.12: CMBS Delinquency Rates Continue to Drop — for Now
