GlobeSt.com, Sept. 30, 2019–Paul FiorillaThe Trump administration’s recently announced plan to reform Fannie Mae and Freddie Mac allows the agencies leeway to continue multifamily lending at recent record levels at least until the end of 2020. The plan comes as somewhat of a surprise since members of the administration–particularly Federal Housing Finance Administration Director Mark Calabria–talked during the runup to the announcement about reigning in the GSEs’ market share.
Category: Top National News
NFIP Extended Into November
National Mortgage Professional, Sept. 30, 2019–Phil HallPresident Trump has signed a continuing resolution that extends the National Flood Insurance Program until Nov 21.
Slowing Economy in 4Q Will Not Hurt CMBS Sector: Morningstar
National Mortgage News, Oct. 2, 2019–Brad Finkelstein (subscription)The commercial mortgage-backed securities sector will weather the fourth quarter’s slowing but steady growth in the U.S. economy, as better loan performance counters a continued decline in volume, Morningstar said.
There’s a Tech Revolution Happening in Commercial Real Estate
Scotsman Guide, Oct. 1, 2019–Victor WhitmanScotsman Guide interviewed MBA Vice President of Industry Technology Rick Hill about the tech revolution happening right now in commercial real estate.
Multifamily Lending Jumps to Record High, Growth Expected Through 2020
National Mortgage News, Sept. 27, 2019–Paul Centopani (free content)Rising demand and plummeting mortgage rates pushed multifamily origination dollar volume above 2017’s record to a new peak, according to the Mortgage Bankers Association.
Maureen Waters Talks Ten-X Expansion, Mentoring Women in Commercial Real Estate
New York Business Journal, Sept. 19, 2019–Anthony Noto (subscription) Ten-X Commercial President Maureen Waters discusses current real estate trends, the lessons she has learned along the way and why diversity and inclusion are integral to success. The tech platform oversees online commercial real estate deals in the U.S. and has offices in New York, Silicon Valley, Austin, Miami and Irvine, Calif.
Landlords Often Oppose Short-Term Rentals, These Developers Court Them
Wall Street Journal, Sept. 24, 2019–Konrad Putzier, Will Parker (subscription)Property owners have long worried that short-term rentals bring noise, crime and regulatory risks to their buildings. But some real-estate firms are starting to embrace the presence of itinerant guests.
Expert: Growing Multifamily Sector Could Demand New Debt Sources
HousingWire, Sept. 20, 2019–Kelsey RamírezAs multifamily continues to grow, Freddie Mac Executive Vice President Deborah Jenkins said new debt sources could soon be required to match the demand.
Commercial Delinquencies Should Remain Low Despite Economic Worry: MBA
National Mortgage News, Sept. 24, 2019–Brad Finkelstein (subscription)Commercial and multifamily mortgage delinquency rates should stay at historically low levels in the near future even as economic uncertainty over trade affects U.S. businesses, according to the Mortgage Bankers Association.
Future Housing Trends Toward ‘Hipsturbia’
Commercial Property Executive, Sept. 25, 2019–Paul FiorillaWill Millennials remain in cities that cater to their lifestyle preferences, or will they settle down and move to the suburbs? ULI’s answer is “yes.”