Reuters, Dec. 14, 2016–Lash, Herbert
The opening of 432 Park Avenue, a 96-story tower marketed by developers as the tallest residential building in the Americas, had an outsized effect on prices, said CityRealty research director Gabby Warshawer.
Category: Top National News
It’s Time for an Office of National Housing Policy
National Mortgage News, Dec. 13, 2016–Montgomery, Brian
Collingwood vice chairman and former FHA commissioner calls for new housing office to coordinate housing policy.
FHFA Announces Final Rule on Duty to Serve Statute
National Mortgage Professional, Dec. 14, 2016–Hall, Phil
The Federal Housing Finance Agency issued its final rule to implement the Duty to Serve statute that requires Fannie Mae and Freddie Mac to offer financing for financially challenged households in the manufactured housing, affordable housing preservation and rural housing markets.
Blackstone’s Schwarzman Sees Historic Regulatory Overhaul From Trump
Reuters, Dec. 6, 2016–Freed, Dan
Blackstone Group Chairman and CEO Steve Schwarzman said he expects a “very substantial reversal of regulations of all types” for the financial sector following Donald Trump’s presidential election.
The Doctor Is In…at HUD: What Carson Pick Means for Lenders
National Mortgage News, Dec. 5, 2016–Collins, Brian
Carson “brings leadership skills along with his political sense and his persuasive and communication skills to HUD,” said David Stevens, the president and chief executive of MBA and a former FHA commissioner.
What Just Happened and What Lies Ahead in 2017
Colorado Real Estate Journal, Dec. 5, 2016–Fain, Baxter
One thing is for sure, our days of easy money and ultra-low rates are over.
Risk Retention to Exacerbate Maturing CMBS Defaults
Mortgage Daily, Dec. 2, 2016
Growing defaults from a wave of securitized commercial real estate loans that are maturing are likely to be exacerbated by the upcoming implementation of the risk retention rule.
Investment Sales Likely to Close Year at Slightly Lower Volume Than in 2015
National Real Estate Investor, Nov. 30, 2016–Bell, Diana
The rise in the 10-year Treasury rate could hinder some fourth-quarter transactions, which could have 2016 close out at about 10 percent down compared to last year’s sales volume.
Commercial Real Estate After Trump: What To Expect?
Real Estate Journals, Dec. 6, 2016–Scherer, David
Last month, with the election of Donald Trump as president, we entered uncharted waters, politically and economically.
Co-Living and Co-Working Trend Comes to Chattanooga
Wall Street Journal, Dec. 6, 2016–Fung, Esther
Smaller cities hoping to attract startup companies are finding that hip co-working space isn’t always enough-some young professionals also want co-living spaces.