Category: News and Trends

The Mortgage Bankers Association called on the Senate to fix a controversial provision in the Senate tax bill that would require any item of income that an accrual taxpayer recognizes for accounting purposes, including mortgage servicing rights, also be recognized for tax purposes.

The Mortgage Bankers Association welcomed 20 new regular members to its ranks last month which currently numbers more than 2,300 member companies.

The U.S. industrial sector is flourishing while retail flounders due to greater demand for warehouse space and more diverse shipping needs due to e-commerce growth, reported Ten-X, Irvine, Calif.

The Mortgage Bankers Association and other industry trade groups told the Consumer Financial Protection Bureau its Proposed Guidance on loan-level Home Mortgage Disclosure Act Data raises “profound concerns about the risks to consumer privacy, of identity theft and fraud.”

There remains a “consistent” positive case for multifamily investment, but said things could get “a bit bumpy” ahead, said Yardi Matrix, Santa Barbara, Calif.

CBRE, Los Angeles, acquired a 50 percent interest in Streetsense, a privately held strategy and design company, creating a joint venture to provide services that help retailers create “compelling” consumer experiences.

Hotel rooms currently under construction fell slightly–0.1 percent year-over-year–to 183,187, reported STR, Hendersonville, Tenn.

Fannie Mae and Freddie Mac multifamily lending caps will shrink slightly in 2018, the Federal Housing Finance Agency announced yesterday.

Increasing demand for new construction in the Hudson Yards, Manhattan West and World Trade Center areas continues to benefit Manhattan’s office market, reported Transwestern, Houston.

Upper 5th Avenue in New York remains the world’s most expensive retail street, reported Cushman & Wakefield, New York.