Category: News and Trends

In California, propositions–ballot initiatives that give voters tremendous influence in public policy–are a way of life (think Howard Jarvis and Proposition 13, the landmark 1978 measure that capped state property taxes). But the Mortgage Bankers Association says one such ballot initiative this November could have unintended consequences for affordable housing.

The Mortgage Bankers this week urged the Treasury Department and the Internal Revenue Service to further clarify its rules governing qualified business income deductions under Section 199A of the Internal Revenue Code.

The Mortgage Bankers Association released a new interview with Walker & Dunlop Chairman and CEO Willy Walker, who discussed multifamily, Walker & Dunlop’s business strategy and GSE reform. Walker serves on MBA’s board of directors.

The Mortgage Bankers Association released a new interview with Walker & Dunlop Chairman and CEO Willy Walker, who discussed multifamily, Walker & Dunlop’s business strategy and GSE reform. Walker serves on MBA’s board of directors.

Commercial real estate’s relative value compared to price slipped in the second quarter, reported Situs RERC, Houston.

The retail sector’s softening fundamentals are changing investment activity, said JLL, Chicago.

The affordable housing sector’s vacancy rate remained tight at 2.0 percent for the third consecutive time in the second quarter, reported Reis, New York.

Greystar Real Estate Partners, New York, acquired student housing developer, owner and manager EdR, Memphis, Tenn.

Legacy debt resolutions and brisk new loan securitizations sharply lowered the commercial mortgage-backed securities delinquency rate in August, said Trepp, New York.

The hotel sector recorded positive results in its three key performance metrics during August even as guestroom supply continued to grow, sector analysts say.