The Federal Housing Finance Agency yesterday announced its 2021 affordable housing goals for Fannie Mae and Freddie Mac will remain the same as they were in 2020. It also seeks input about future housing goals rulemaking.
Category: News and Trends
Personnel News from Bellwether Enterprise, Grandbridge, CBRE
Bellwether Enterprise Real Estate Capital LLC, Cleveland, promoted DJ Effler to President effective January 1.
Single-Family Rental Market Stabilizes
CoreLogic, Irvine, Calif., said single-family rent growth increased in October, outpacing their previous-year growth rate for the first time since the pandemic started.
MBA, Trade Groups Urge Treasury to Promote ‘Critical Reforms’ of GSEs
More than 12 years after the federal government placed Fannie Mae and Freddie Mac under conservatorship—and seemingly no closer to moving them out of conservatorship—the Mortgage Bankers Association and several industry trade groups urged the Treasury Department to promote “critical reforms” of the GSEs and bolster their safety and soundness.
Foreign Investors in U.S. Real Estate Net Lease Properties Increases Despite Travel Restrictions
CBRE, Los Angeles, said U.S. net-lease property investment rebounded during the third quarter, driven by strong interest in office assets and increasing foreign investment.
3Q Commercial/Multifamily Mortgage Debt Up 1.5%
Commercial/multifamily mortgage debt outstanding rose by $57.0 billion (1.5 percent) in the third quarter, the Mortgage Bankers Association reported.
CREF CFOs Discuss The New Normal, What’s Next
Commercial real estate chief financial officers have had to move quickly to respond to the pandemic and position their firms for whatever might come next.
Institutional Investors Increase Expectations
Institutional investors expect positive full-year 2020 commercial real estate returns, but not by very much, the Pension Real Estate Association’s quarterly Consensus Forecast Survey reported.
Dealmaker: IPA Brokers $42M in Retail Property Sales
Institutional Property Advisors, Ontario, Calif., brokered $42.4 million in retail property sales in Indiana, Michigan and Florida.
Quote
“If you had asked me as 2020 began what my top issues would be this year, I would have said people, communication and liquidity. Those were my top three concerns. Now, the top issue is how do we keep the lines of communication open.”
–PGIM Real Estate and Prudential Private Capital Chief Financial Officer Edwin Farah