Philly Voice, Oct. 1, 2020–Greg EnglesbeMore than six months into the coronavirus pandemic, damage in the commercial real estate market is not pretty, according to recent appraisals of commercial mortgage-backed …
Category: Top National News
Freddie Mac Preparing to Launch New Type of Multifamily Mortgage Bond
National Mortgage News, Oct. 1, 2020–Bonnie Sinnock (subscription)The government-sponsored enterprise’s first multifamily sustainability bond transaction, totaling $600 million, is part of Freddie’s K-Deal program.https://www.nationalmortgagenews.com/news/freddie-mac-preparing-to-launch-new-type-of-multifamily-mortgage-bond
New York, San Francisco Rents Plunge in Work-at-Home Shift
Bloomberg, Oct. 1, 2020–Prashant GopalApartment rents are plunging in high-cost cities from New York to San Francisco. Now, places that were less popular before the pandemic are suddenly in high …
Americans Might Never Come Back to the Office, and Twitter is Leading the Charge
Washington Post, Oct. 1, 2020–Elizabeth DwoskinCorporate America has long been defined by physical offices. But in a few short weeks, the pandemic upended that as thousands of companies mandated their …
Flood Insurance Program Reauthorized by Trump After Short Lapse
HousingWire, Oct. 1, 2020–Kathleen HowleyTechnically, the National Flood Insurance Program lapsed at midnight on Wednesday, along with the entire federal budget. It didn’t become law until Trump signed it shortly …
Commercial Mortgage Debt Rises as Originations Fall
GlobeSt.com, Oct. 1, 2020–Kelsi Maree BorlandData from the Mortgage Banker’s Association reveals that the level of commercial debt increased to $3.76 trillion at the end of the second quarter, and …
What the Presidential Election Means for Multifamily
Multi-Housing News, Oct. 1, 2020–Gail KalinoskiMike Flood, senior vice president, commercial/multifamily policy and member engagement at the Mortgage Bankers Association, questioned whether Federal Housing Finance Agency Director Mark Calabria would …
Powell Warns of Severe, Ongoing Risks to the Economy as Second Round of Stimulus Remains Elusive
Washington Post, Oct. 6, 2020–Rachel SiegelFederal Reserve Chair Jerome Powell warned on Tuesday of ongoing risks to the economy and the consequences of insufficient support from policymakers, offering a sharp …
CRE Delinquency Rates on the Decline
Connect CRE, Oct. 5, 2020Delinquency rates for mortgages backed by commercial and multifamily properties declined in September, according to the Mortgage Bankers Association’s latest monthly MBA CREF Loan Performance Survey. …
Trump Tax Saga Shines Spotlight on Benefits of CRE Ownership
National Real Estate Investor, Oct. 05, 2020–Beth Mattson-TeigDepreciation, debt write-offs, tax credits and other measures are among the tax avoidance benefits inherent in the sector.https://www.nreionline.com/investment/trump-tax-saga-shines-spotlight-benefits-cre-ownership?