Category: Top National News

MarketWatch, June 16, 2017–Jacob PassyAcross the country, only 45% of renters on average can afford the payments on a median-priced home in their area, according to new report on the state of housing from Harvard University’s Joint Center for Housing Studies.

Scotsman Guide, June 16, 2017–Victor WhitmanCommercial and multifamily debt held by banks and other major investors surpassed the $3 trillion mark for the first time ever in the first quarter, the Mortgage Bankers Association reported.

National Real Estate Investor, June 20, 2017–Bendix AndersonFreddie Mac issued hundreds of millions of dollars in bonds secured by loans to affordable housing properties, upping the ante on its securitization programs.

Wall Street Journal, June 13, 2017–Peter Grant; Richard Rubin (subscription)To finance a possible tax rate cut, some in Congress are eyeing the provision, which allows sellers to defer capital-gains taxes by reinvesting in other properties.

Reuters, June 13, 2017–Richard LeongU.S. commercial real estate loans outstanding topped $3 trillion for the first time ever at the end of the first quarter, the Mortgage Bankers Association said on Tuesday.

HousingWire, June 12, 2017–Jacob GaffneyAccording to a website, called Will Robots Take My Job?, developed by Mubashar Iqbal and designed by Dimitar Raykov, robots will indeed take over. By some estimations, millions of jobs are at risk across the nation. And this appears especially true for many mortgage and real estate jobs.

Bloomberg, June 12, 2017–Patrick Clark, Dorothy GambrellAcross the U.S., retail real estate development that outpaced demand marked the early years of the new millennium. Now retailers are going bankrupt at a record rate, and hedge funds are betting against the commercial mortgages used to finance mall properties.

Financial Regulation News, June 8, 2017The Mortgage Bankers Association nominated Brian Stoffers, global president, debt and structured finance at CBRE, to be its vice chairman for the 2018 membership year.

National Mortgage Professional, June 5, 2017–Phil HallThe Mortgage Bankers Association reached into the commercial side of the industry for its next wave of leadership by nominating Brian Stoffers, CMB, global president of debt and structured finance with CBRE in Los Angeles, as its vice chairman for the 2018 membership year.

National Mortgage Professional, June 2, 2017–Phil HallDelinquency rates for commercial and multifamily mortgage loans were saw mostly unchanged or down slightly during the first quarter, according to the Mortgage Bankers Association’s Commercial/Multifamily Delinquency Report.