Spectrum News, Nov. 4, 2020–Joseph PimentelWith the latest defeat of another rent control initiative, housing developers say now is the time for state and local leaders to come up with …
Category: Top National News
Commercial/Multifamily Lending Sees Sharp Year-Over-Year Decline
Mortgage Professional America, Nov. 5, 2020–Candyd MendozaThe commercial/multifamily sector saw a 47% year-over-year decline in originations in the third quarter, according to the Mortgage Bankers Association.https://www.mpamag.com/news/commercialmultifamily-lending-sees-sharp-yearoveryear-decline-238157.aspx
Multifamily Refinancing’s Top Trends and Strategies
Multi-Housing News, Nov. 6, 2020–Sibley FlemingDuring the second quarter, multifamily originations declined 24 percent year-over-year as total multifamily and commercial originations fell by 48 percent, reported Jamie Woodwell, chief economist …
With Biden Win Likely, FHFA Doubles Down on Ending GSE Conservatorship
HousingWire, Nov. 5, 2020–Kelsey RamirezThe Federal Housing Finance Agency will continue its mission to release the GSEs Fannie Mae and Freddie Mac from conservatorship, even under a Biden presidency, a …
MBA: Commercial/Multifamily Lending To Drop 34 Percent In 2020
National Mortgage Professional, Nov. 6, 2020–Navi PersaudThe Mortgage Bankers Association’s forecast reported that commercial and multifamily mortgage bankers are expected to close $395 billion of loans backed by income-producing properties …
Homebound Workers Inject Life into Suburban Malls After Downtowns Empty Out
Reuters, Nov. 8, 2020–Nichola Saminather, Victoria WalderseeAs the coronavirus pandemic rages and most downtown office employees in many cities work from home at least through year-end, urban retailers’ loss is …
Likely Defeat of California’s Prop. 21 a Win for Commercial Lenders
Likely Defeat of California’s Prop 15 a Win for Commercial LendersNational Mortgage News, Nov. 4, 2020–Bonnie Sinnock (subscription)With the majority of election results in, the Golden State’s ballot measure to …
Proposition 15: Measure to Revamp Property Tax Revamp Systems Trails in Tight Race
The Associated Press, Nov. 4, 2020–Elliot SpagatA ballot measure to partially dismantle California’s longtime system of tying property taxes to the last sales price was trailing narrowly Tuesday with several …
Californians Once Again Reject Bid to Expand Rent Control in the State
L.A. Times, Nov. 4, 2020–Liam DillonCalifornia voters have again decisively rejected a bid to expand rent control statewide. Proposition 21 was opposed by 59.8% of the voters, according to the …
Real Estate Slump Forcing Big Funds to Delay Investor Redemption Requests
Wall Street Journal, Nov. 3, 2020–Peter Grant, Esther FungWith the pandemic bringing down values of hotels, retail properties and office buildings, investors are lining up to cash out of these …