Washington Post, May 12, 2023–Rachel SiegelThe White House would elevate Philip Jefferson, who became a Fed governor last year, to the No. 2 role. Biden also nominated Adriana D. Kugler, …
Category: Top National News
Chicago’s Empty Office Towers Threaten Its Future as a Major Financial Hub
Bloomberg, May 15, 2023–Isis Almeida, Shruti SinghIn the heart of Chicago’s financial center, a seven-story building occupying much of a city block was once home to the world’s largest options …
MBA: Commercial and Multifamily Mortgage Activity to Decline This Year
WRE News.com, May 15, 2023–Phil HallThe Mortgage Bankers Association revised its forecast for the commercial and multifamily mortgage borrowing and lending environment and is now predicting this sector will fall …
Companies are Shedding Office Space — And it May be Killing Small Businesses
NPR, May 13, 2023–Arezou RezvaniRemote work — long assumed to be a temporary phase of the pandemic for many white-collar workers — is dragging on with no real end in …
Commercial Real Estate Loan Originations Recorded a Big Drop in the First Quarter, Partially Due to Lack of Demand
Wealth Management, May 9, 2023–Elaine MisonzhnikA new report from the Mortgage Bankers Association (MBA) shows that its Commercial/Multifamily Mortgage Origination Index declined by 56% year-over-year in the first quarter of …
SFR Rents Rise in Q1 But Properties are Staying on the Market Longer
GlobeSt.com, May 9, 2023–Barbara BallingerThe country’s median national rent for single-family detached homes climbed to $2,395, a big 19.75% leap from the same period two years ago and a 6% …
Freddie Earnings Remain Stable in First Quarter
Inside Mortgage Finance, May 3, 2023–Dennis HollierFreddie’s profitability remains a tale of loan loss reserves, with net income rising and falling according to the size of the provision for losses.https://www.insidemortgagefinance.com/articles/227704-freddie-earnings-remain-stable?v=preview
Real Estate Debt Funds Aim to Be Players on Opportunistic, Distressed Strategies
Wealth Management Real Estate, May 5, 2023–Mary DiduchWith trouble roiling the banking sector, attention has turned to real estate debt funds to pick up market share. And indications that some …
Bank Failures Are Tightening Credit, Says Davidson Kempner’s Yoseloff
Bloomberg, May 5, 2023–Erin HudsonRegional bank collapses are cutting into credit availability, doing some of the Federal Reserve’s work as the central bank looks to tighten credit, said Tony Yoseloff, …
Post Pandemic: Return to The Office Lags — Effecting Commercial Real Estate
NPR, May 8, 2023–Arezou RezvaniThere are more empty office spaces now than during the 2008 financial crisis. These vacancies could spell trouble for downtown city centers and the broader commercial …