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 …
Category: Top National News
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?
Women in Commercial Real Estate Earn More Than Men in South Florida. Here’s Why
Miami Herald, Sept. 29, 2020–Rebecca San JuanIn most professions, men still earn significantly more than women. But not so in the local commercial real estate scene.https://www.miamiherald.com/news/business/real-estate-news/article245948075.html
Fed’s Rosengren Worries About Risks to Lending From Prolonged Virus Threat
Wall Street Journal, Sept. 30, 2020–Nick Timiraos (subscription)Boston Fed President Eric Rosengren said his outlook for the U.S. economy is more pessimistic than some of his colleagues. He cited the …
Controversial Prop. 15 Could Change the Way Californian Businesses Are Taxed
Mortgage Professional America, Sept. 28, 2020–Kasi JohnstonCalifornia’s Proposition 15 is a “split roll” initiative that would have major implications to the way commercial properties are taxed. Since 1978, the value …
Black, Female and Head of a Public Real-Estate Company. Meet the Only Person to Fit That Description.
Wall Street Journal, Sept. 29, 2020–Esther Fung (subscription)Leslie D. Hale made history as the first African-American woman to lead a public real-estate investment trust. Today, a little more than two …