Wall Street Journal, Dec. 15, 2020–Andrew Ackerman (subscription)Joe Biden’s election victory has likely ended the Trump administration’s efforts to return Fannie Mae and Freddie Mac to private hands. Treasury Secretary …
Category: Top National News
Commercial Mortgage Delinquencies are Rising
GlobeSt.com, Dec. 14, 2020–Les ShaverIn November, 5.7% of commercial mortgages were delinquent, increasing from 5.4% in October, according to the Mortgage Bankers Association. The delinquencies can be traced back to …
CMBS 3Q Delinquency Rates Decline From Record Levels
National Mortgage News, Dec. 11, 2020–Brad Finkelstein (subscription)But late payments for all other investor types rose compared with the second quarter.m record-high level. Commercial mortgage-backed securities lenders were the only …
U.S. Renters Could Owe $70 Billion
Bloomberg, Dec. 10, 2020–Kriston CappsBetween past due rent, late fees and unpaid utility bills, Americans may collectively owe $70 billion by January, when the current federal eviction moratorium is set …
More Borrowers Fell Behind on Commercial Mortgages in November
Bloomberg, Dec. 10, 2020–John GittelsohnThere was an increase in borrowers who fell behind on commercial mortgage payments in November.The delinquency rate on all commercial mortgages climbed to 5.7% in November …
Vaccine Approval Could Mark a Turning Point in CRE Price Discovery
National Real Estate Investor, Dec 15, 2020–Beth Mattson-TeigInvestors hoping to cash in on a COVID-19 pricing discounts may see opportunities slip away as emergency-use approval of the first vaccine against …
Rents are Down Nationwide, But is the Decline of Urban Multifamily Already Over?
Mortgage Professional America, Dec. 9, 2020–David KitaiRents have fallen 1.3% nationwide year over year. It showed, as well, where rents have fallen most dramatically and which multifamily rental markets have …
LIBOR is Being Phased Out in 2021. What Now?
HousingWire, Dec. 8, 2020–Tim GlazeMortgage lenders are preparing for the end of LIBOR, which is set to be phased out by the end of 2021.https://www.housingwire.com/articles/libor-is-being-phased-out-in-2021-what-now/
Almost Half of All Tenants Likely to Reduce Square Footage-Survey
Mortgage Professional America, Dec. 3, 2020–David KitaiWhile 65% of survey respondents said they are personally comfortable with returning to the office, only 59% said their employees or colleagues feel the …
Fannie and Freddie Need ‘Significant Capital’ to Leave Conservatorship, Mnuchin Says
HousingWire, Dec. 3, 2020–Kelsey RamirezIn a hearing before the House Financial Services Committee, Treasury Secretary Steven Mnuchin said no definite plans have been made for the future of Fannie Mae …