Bloomberg, February 12, 2024–Diana LiThe head of one of the largest mortgage trade groups in the U.S. said proposed rules on bank capital levels have the potential to upend the …
Category: Top National News
New Rules for Banks Would be the ‘End of Real Estate Finance as We Know It,’ MBA Says
Business Insider, Feb. 13, 2024–Yuheng ZhanBasel III proposals would cripple commercial property financing, MBA CEO Bob Broeksmit said. The proposed regulation would require banks to maintain more capital to protect …
Cash-Flush Buyers Dip Into Distressed Commercial Real Estate
Wall Street Journal, Feb. 12, 2024–Peter GrantWith many owners unable to extend their loans, investors are starting to pounce on these propertiesClick here for more (subscription)
Empty Office Buildings Litter Cities, But Real Estate Expert Says Expect Change Soon
NPR, Feb. 8, 2024–Sacha PfeifferNPR’S Sacha Pfeiffer talks with David Smith, head of Americas Insights at the real estate services firm Cushman & Wakefield, about the empty commercial buildings across …
Yellen Sees More Commercial Real Estate Stress, Losses, but No Systemic Banking Risk
Reuters, Feb. 8, 2024-David LawderU.S. Treasury Secretary Janet Yellen said on Thursday that she expects additional bank stress and financial losses from weakness in the commercial real estate market but …
‘Zombie Offices’ Spell Trouble for Some Banks
The New York Times, Feb. 8, 2024-Jeanna SmialekGraceful art-deco buildings towering above Chicago’s key business district report occupancy rates as low as 17 percent.Click here for more (subscription)
HousingWire Powerhouse: Bob Broeksmit-Playing to Your Strengths in Business and on Capitol Hill
HousingWire, Feb. 8, 2024–Clayton CollinsHousingWire CEO Clayton Collins interviewed Bob Broeksmit, CMB, President and CEO of the Mortgage Bankers Association. The conversation charts Broeksmit’s journey through the mortgage world to …
Rent Comes Down for the Wealthy, While Rising for the Rest
The Wall Street Journal, Feb. 6, 2024-Will ParkerLandlords are slashing rents this year. Most renters won’t save a dime.Click here for more (subscription)
Commercial Property Losses Hammer Banks on Three Continents
The Wall Street Journal, Feb. 1, 2024-Margot Patrick, Eliot Brown and Gina HeebInvestors have wondered when the pain from the downturn in commercial property would hit banks. The past 24 …
Employers Are Desperate to Hold Onto Working Parents and They’re Building More Childcare Centers in the Office
Fortune, Feb. 2, 2024-Paige McGlauflinCompanies are increasingly offering in-house childcare as part of a bid to hold onto working parents.Click here for more (subscription)