Can Fannie, Freddie Be Overhauled Without Congress?

National Mortgage News, June 7, 2019–Hannah Lang (subscription)The Trump administration has said it welcomes legislative reform to fundamentally restructure Fannie Mae and Freddie Mac. But the Federal Housing Finance Agency has also made clear that it stands willing to do the heavy lifting itself.

Why Tier 2 Cities Have Real Estate Buyers’ Attention

Forbes, June 7, 2019–Evan GentryCommercial real estate opportunities are flourishing outside of the largest U.S. metros. Investors exploring Memphis, Phoenix or Salt Lake City, among other cities in the Tier 2 real estate market, can earn strong returns by developing or purchasing and repositioning older properties.

Regional Banks Grow Their CRE Footprints

Multi-Housing News, May 30, 2019–Jeffrey SteeleAccording to the Mortgage Bankers Association, commercial and multifamily mortgage bankers closed a record $574 billion of mortgages in 2018. Of that total, commercial bank and savings institutions made up the largest investor group, responsible for $174 billion.

Blackstone Starts Selling Out of Home-Rental Empire

Wall Street Journal, May 29, 2019–Ryan Dezember (subscription)The private-equity firm late Tuesday sold more than $1 billion of shares of Invitation Homes Inc., the giant single-family home landlord it launched following the financial crisis in a wager that many Americans would be willing to rent the suburban lifestyle they could no longer afford to own.

Not All Lenders are Equally Prepared for LIBOR Change

Mortgage Professional America, June 5, 2019–Steve RandallThere is a fair amount of uncertainty about the mechanics of the transition away from LIBOR and an overall hesitation as many firms wait for others to lead the way, the Mortgage Bankers Association said.

The Mall Meltdown Continues

Wall Street Journal, June 3, 2019–Elizabeth Winkler (subscription)Mall-based retailers reported dismal earnings last week, reminding investors of the sector’s fundamental problems.

2019 Rising Star: ​​​​​​​Amber Lawrence

HousingWire, June 3, 2019Amber Lawrence is associate director of education operations and programming at the Mortgage Bankers Association. As a core member of the organization’s education leadership team, Lawrence manages its professional certification and designation programs. Working alongside the CMB Leadership Society, Lawrence currently oversees the curriculum of more than 730 active CMBs.

Rise of New Hotel Brands Irks Some Property Owners

Wall Street Journal, May 28, 2019–Aisha Al-Muslim (subscription)Major hotel companies are introducing new brands at a rapid pace, a strategy that can boost revenue but one that risks confusing guests and alienating hotel owners.

Builders Less Confident in Multifamily Market

National Mortgage Professional, May 24, 2019–Phil HallBuilder confidence in the market for new multifamily housing frayed during the first quarter, according to the latest Multifamily Market Survey released by the National Association of Home Builders.