NREI_NEWSLINE_ Penton Media February 3, 2010 If you want to view this on the web go to: http://enews.penton.com/enews/nrei/v/790 TOP STORY --Multifamily Lenders Share Their Biggest Concerns For The Road Ahead By Matt Valley LAS VEGAS -- What's the biggest worry among multifamily lenders in 2010 and 2011? The usual suspects, jobs and interest rates, rank high on the list. But for Kenneth Bacon, executive vice president of Fannie Mae, the sharp drop in real estate valuations from peak levels just a few short years ago is most troubling. Although determining value remains a difficult task because there have been relatively few transactions, the Moodys/REAL Commercial Property Price Index numbers show a 40% drop for multifamily properties from the market peak to the third quarter of 2009. To view the full article go to: http://nreionline.com/finance/news/multifamily_lenders_biggest_concerns_0203/ ONLINE EXCLUSIVES --MBA Loan Originations Data Shows Signs of Stabilization By Matt Valley LAS VEGAS -- Lenders are showing signs of coming out of hibernation with life insurance companies leading the way, according to new data released Tuesday by the Mortgage Bankers Association (MBA). Commercial and multifamily mortgage originations rose 12% in the fourth quarter compared with the same period a year earlier. Loan originations in the fourth quarter also were 15% higher than in the third quarter. To be sure, commercial and multifamily mortgage originations remain at low levels in absolute terms, says Jamie Woodwell, vice president of commercial real estate research at the MBA based in Washington, D.C. The Commercial/Multifamily Mortgage Bankers Originations Index, for example, fell 79% over a two-year period ending in the third quarter of 2009. To view the full article go to: http://nreionline.com/finance/news/mba_loan_originations_0203/ --Real Capital Analytics Acquires Real Estate Econometrics By Denise Kalette Two familiar names in the commercial real estate information industry have merged. New York-based research firm Real Capital Analytics (RCA) has acquired Real Estate Econometrics, whose founder, Sam Chandan, has been named global chief economist and executive vice president at Real Capital Analytics. The acquisition has been finalized and Chandan has already moved into the Real Capital Analytics offices, the company confirmed this morning. To view the full article go to: http://nreionline.com/news/real_capital_analytics_econometrics_0202/ IN PRINT --Ailing CMBS Loans Enter Rehab By Sibley Fleming No one expected it. Delinquent commercial mortgage-backed securities (CMBS), which amounted to less than $20 billion in October of 2008, mushroomed to a mind-boggling $65.2 billion at the end of November 2009, according to commercial real estate data and analytics firm Trepp LLC. Few seasoned investors would have projected that CMBS delinquencies could reach 9% by the end of 2010, either. Yet the volume of loans in special servicing -- including performing loans in imminent trouble -- could reach $90 billion to $100 billion this year, according to Trepp. That mounting distress is creating a renewed sense of urgency among the special servicers who must support its weight. 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