National Mortgage Professional, Sept. 26, 2017–Phil HallDelinquency rates for commercial and multifamily mortgages were mostly stagnant during the second quarter, according to new data from the Mortgage Bankers Association.
Category: Top National News
Janet Yellen Says Fed Plans to Keep Raising Rates
New York Times, Sept. 26, 2017–Binyamin ApplebaumFederal Reserve Chairwoman Janet Yellen said on Tuesday the Fed plans to continue raising its benchmark interest rate despite some uncertainty about the reasons that inflation had weakened in recent months.
How Capital Stack Dynamics Contribute to Today’s Challenges to Multifamily Developers
National Real Estate Investor, Sept. 26, 2017–Kevin FarrellWhile almost anyone investing in apartments prospered during the recent boom, the players that will succeed during this cycle shift will be experienced teams.
How PNC’s Real Estate Head Leads by Listening
National Mortgage News, Sept. 25, 2017–Bonnie Sinnock Leadership is not about being the loudest voice in the room, it’s about listening. That’s Diana Reid’s philosophy, and it’s worked for her.
As the Fed Steps Back From Mortgage Market, REITs Gear Up to Buy
Bloomberg, Sept. 21, 2017–Claire BostonMany fund managers are fearful about the Federal Reserve shedding its massive $1.78 trillion mortgage bond portfolio, a step it plans to start next month. Some investors say it’s time to get greedy. Some mortgage bond fund managers known as real estate investment trusts have been raising cash at their fastest pace since 2013, giving them enough new capacity to buy more than $30 billion of the securities.
Mortgage and Banking Groups Express Concern Over Efforts to Derail an Overhaul of Fannnie Mae, Freddie Mac
The Hill, Sept. 21, 2017–Vicki Needham (MBA mention)The groups on Thursday wrote a letter to Treasury Secretary Steven Mnuchin and Mel Watt, director of the Federal Housing Finance Agency, calling on them to help usher through bipartisan legislation in Congress to reform the housing finance system and end government control of the two entities.
Deutsche Bank Was The Top Dog Among NYC Lenders in Q2
The Real Deal New York, Sept. 19, 2017–Konrad PutzierNine months after agreeing to a $7.2 billion settlement with U.S. regulators, Deutsche Bank is on top of the New York City real estate lending world.
Toys ‘R’ Us Shows Real Estate Can’t Save Retailers
Bloomberg, Sept. 19, 2017–Lisa AbramowiczThe company has sought to prop up its failing business model for years by shuffling debt around and adding leverage to less-encumbered assets. This has undermined the extra safety and value that the real estate should have provided.
Empowering Women in Real Estate Finance
Mortgage Women Magazine, September 2017–Marcia DaviesMBA COO Marcia Davies says creating a space for women to advance and providing tools so they can reach their full potential must be a collective goal of the real estate finance industry.
The Fed, a Decade After the Crisis, Is About to Embark on the Great Unwinding
Wall Street Journal, Sept. 18, 2017–Nick Timiraos (subscription)The Federal Reserve resorted to a series of shock-and-awe stimulus campaigns to stabilize the economy after the financial crisis. Now the Fed is preparing the final move to unwind its support–and it wants to be as boring as possible.