Category: Top National News

CNN Money, Mar. 22, 2017–Chris IsidoreSears Holdings, the holding company for the two iconic retail brands–Sears and Kmart, warned investors late Tuesday that it can’t promise it will stay in business.http://money.cnn.com/2017/03/22/news/companies/sears-kmart-future/index.html

Bloomberg, Mar. 22, 2017–Caleb Melby; David KocieniewskiThe Manhattan tower co-owned by the family of Jared Kushner, President Donald Trump’s son-in-law, has been losing money for three years and faces increasing loan fees in 2017, which may explain why the family has been negotiating with Chinese insurance behemoth Anbang on new financing.

Multi-Housing News, Mar. 6, 2017–Sanyu KyeyuneHunt Mortgage Group President & CEO James Flynn caught up with Multi-Housing News at the Mortgage Bankers Association CREF/Multifamily Housing Convention & Expo in San Diego to share his views on regulatory reform, competition among capital providers and the future of multifamily lending.

National Mortgage Professional, Mar. 10, 2017–Phil HallIn a letter to leaders of the Senate and House, the Mortgage Bankers Association announced its backing of S. 563 and H.R. 1422, both named the Flood Insurance Market Parity and Modernization Act.

Washington Post, Mar. 10, 2017–Thomas HeathFor decades, department stores such as Macy’s and Sears have anchored sprawling suburban malls. Now as their business has languished and they board up shop, another sort of tenant is trying its luck in their place: grocers.

National Real Estate Investor, Mar. 12, 2017–Bendix AndersonNew construction is hurting the hotel business in markets across the country.

Forbes, Mar. 14, 2017–Ellen ShengChinese investors were the single largest group of foreign investors in commercial real estate in the U.S. last year, with deal volumes reaching a record high of $19.2 billion, up 10 percent from $17.3 billion in 2015.

The Home Story (Fannie Mae), Mar. 8, 2017–Cathie Ericson”Listen to your own voice and do not dismiss your thoughts,” says Marcia Davies, COO of the Mortgage Bankers Association.

HousingWire, Mar. 9, 2017–Kelsey RamirezThis cut would go towards Trump’s goal to cut domestic spending by $54 billion, and could decrease HUD’s budget 14% to $40.5 billion in fiscal 2018, which begins in October.

Bloomberg, Mar. 9, 2017–Oshrat CarmielRents fell last month for Manhattan apartments of all sizes, the first across-the-board price decline in at least four years, as a construction boom brought more buildings to market and allowed some tenants to leave for bigger or newer units.