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?
Category: Top National News
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 …
The American Rescue Plan of 2021: Impact on CRE Finance
TreppTalk, March 18, 2021–Mike FloodOn March 11, President Biden signed The American Rescue Plan Act, or the COVID-19 Stimulus Package, into law. While no piece of legislation is perfect, the …
Why Some Landlords Don’t Want Any of the $50 Billion in Rental Assistance
Wall Street Journal, March 19, 2021–Will Parker (subscription)A federal program designed to help people avoid eviction by paying their rent is running into an unexpected hurdle: Some landlords are turning …
The CFPB Turns an Eye Toward the Multifamily Sector
GlobeSt.com, Mar. 19, 2021–Lynn PollackA new report from the Consumer Finance Protection Bureau shows the agency is monitoring the plight of struggling renters and the multifamily rental marketplace. But the …
Citigroup Plans for Hybrid Workforce Post-Pandemic
Wall Street Journal, March 23, 2021—David Benoit (subscription)The future of work at Citigroup will be hybrid. CEO Jane Fraser told staffers Monday most of them will be expected to be …