The Lede
Top National News
U.S. Economic Data Point to Second-Quarter GDP Rebound
Reuters, May 19, 2016--Mutikani, Lucia
The number of Americans filing for unemployment aid fell from a 14-month high last week, the latest sign the economy was picking up speed in the second quarter and likely would be healthy enough for the Federal Reserve to raise interest rates in June.
Full Story
How Clinton Would Reform the Housing Finance System
National Mortgage News, May 20, 2016--McKendry, Ian
Presumptive Democratic nominee Hillary Clinton appears likely to embrace a recent plan to merge Fannie Mae and Freddie Mac into a single government corporation if she wins the White House.
Full Story
As Condos Sales Slow, Miami Developers Turn to Rentals
Associated Pres, May 22, 2016--Lima, Debora
As Miami's condo market loses traction amid a softening world economy, developers are shifting gears and rental apartments are sprouting throughout Miami-Dade.
Full Story
As Their Anchors Sink, Malls Try To Present Retail ‘Experience’
NPR, May 23, 2016--Noguchi, Yuki
Many of the department stores that once anchored bustling shopping malls continue to close. Mall owners are adding movie theaters, restaurants, gyms and other 'experiential' tenants instead.
Full Story
Chinese Investors Pour Money Into U.S. Property
Wall Street Journal, May 25, 2016--Grant, Peter
Commercial property sales have slowed in the U.S. this year-but Chinese investors are continuing to plow money into the market.
Full Story
Dealmaker of the Week
People in the News
News and Trends
MBA Chart of the Week: Diverted Homeowners, the Rental Crisis & Foregone Household Formation
The Research Institute for Housing America, MBA's think tank, recently released a new study, Diverted Homeowners, the Rental Crisis and Foregone Household Formation by Myers, Painter, Lee and Park.
Full Story
Morningstar: Enhanced Underwriting Benefits New Breed of Single-Family Rental Loans
Single-family rental investor loans where the property income exceeds 1.2 times the debt service generally experience better-than-average default rates, reported Morningstar Credit Ratings, New York.
Full Story
Most New York CRE Executives Think Values Have Peaked
Most New York City commercial real estate executives--62 percent--believe the city's property values have peaked, up from 48 percent three months ago, reported Marks Paneth LLP, New York.
Full Story
Situs RERC: Investors Still Favor Real Estate, But Cash’s Rating Grows
Although institutional investors continue to rate commercial real estate higher than alternative investments such as stocks, bonds and cash, CRE ratings declined in the first quarter while cash improved, reported Situs RERC, Houston.
Full Story
Small-Balance Lending Gets Bigger
DALLAS--As more lenders focus on small-balance commercial and multifamily loans, servicers need to understand how to handle these loans post-closing, analysts said here at the MBA Commercial/Multifamily Servicing and Technology Conference.
Full Story