Mortgage Professional America, Mar. 25, 2021–David KitaiThe urban affordability crisis that defined much of the last decade looks like it’s expanding nationwide. A new study from the Mortgage Bankers Association …
Category: Top National News
U.S. Rent Has Increased 175% Faster than Household Income over Past 20 Years
Phys.org, Mar. 26, 2021–Suzanne BuzekBright lights, big city. “And lack of affordable rental housing,” says University of Cincinnati researcher Mike Eriksen in a report, “The Location of Affordable and Subsidized …
As COVID Cases Drop, What Could a Return to the Office Look Like?
Mortgage Professional America, Mar. 26, 2021–David KitaiWhile we’re hoping for a return to normal, so much has changed in terms of the way the mortgage industry now operates that when …
Real Estate Makes Last-Minute Push to Kill Proposed Preferred Equity Tax
The Real Deal, March 25, 2021–Erin HudsonReal estate players are using a letter-writing campaign and threats of lawsuits to try to stop a tax on preferred equity investors from advancing …
COVID-19 Relief Throws a Lifeline to Renters and Small Landlords
Wealth Management Real Estate, March 23, 2021–Bendix AndersonBetween direct payments and renter aid, the American Rescue Plan Act is providing a needed boost to struggling apartment dwellers and landlords.https://www.wealthmanagement.com/multifamily/covid-19-relief-throws-lifeline-renters-and-small-landlords?
At Long Last, Wall Street Sees Path to Return to the Office
Bloomberg, Mar. 17, 2021–Jennifer SuraneNew York City is reopening, vaccinations are accelerating and spring brings with it an air of optimism. For Wall Street’s banks, that means a return to …
U.S. Commercial Mortgage Debt Outstanding Hits $212 Billion in 2020
World Property Journal, Mar. 17, 2021–Michael GerrityAccording to the Mortgage Bankers Association’s Latest Commercial/Multifamily Mortgage Debt Outstanding quarterly report, U.S. commercial/multifamily mortgage debt outstanding at the end of 2020 was …
GSEs’ Exit from Conservatorship Estimated to Take 15 Years
National Mortgage News, Mar. 18, 2021–Brad Finkelstein (subscription)Relying on retained earnings alone, it would be until at least 2036, if not longer, before government control of Fannie Mae and Freddie …
Loan Costs for Second Homes, Rentals to Spike Under New Fan-Freddie Rule
Orange County Register, Mar. 18, 2021–Jeff LazersonRobert Broeksmit, CMB, CEO of the Mortgage Bankers Association, believes consumers and mortgage lenders that sell closed loans to Fannie and Freddie would be …
Trends in Regulation and Affordability in Select U.S. Metropolitan Areas and Communities
Cityscape (HUD), Mar. 18, 2021–Mike Fratantoni, Edward Seiler, Jamie WoodwellMBA economists connect land-use restriction changes in the last decade and a half to the contemporaneous evolution in housing supply and …