The Mortgage Bankers Association, in a letter to HUD, said current FHA loan-level certification rules fall short in providing safeguards for responsible FHA lenders and urged FHA to adopt a “meaningful” quality control program.
Category: News and Trends
Single-Family Rental Prices Rise Faster Than Owner-Occupied Homes
Median single-family rental home prices increased faster than owner-occupied home prices, reported HomeUnion, Irvine, Calif.
Some STNL Sectors See Record-Low Cap Rates
Single-tenant net lease cap rates for retail and industrial properties reached record lows of 6.18 percent and 7.10 percent respectively in the first quarter, reported Boulder Group, Northbrook, Ill.
CRE Activity Reaches New High: Ten-X
Commercial real estate capital markets activity–especially transaction volume–reached a new cyclical high in the fourth quarter, reported Tex-X, Irvine, Calif.
Multifamily Rents, Renewals Both Increase
Apartment lease renewal rates reached a 10-year high in February, even as average rents set a record, sector analysts said.
C&W: Global CRE Capital Up Again
A record $443 billion in capital now targets commercial real estate globally, up 3 percent from a year ago, reported Cushman & Wakefield, New York.
MBA Releases 4Q Commercial/Multifamily DataBook
The Mortgage Bankers Association released its fourth quarter Commercial/Multifamily DataBook.
MBA Opens Doors Foundation Named Official Charity Partner of 2016 New York City Marathon
NEW YORK–The Mortgage Bankers Association Opens Doors Foundation was named an Official Charity Partner of the 2016 TCS New York City Marathon.
CRE Valuation Growth Slows in March
Commercial valuations increased 19 basis points in March–the slowest annual increase since the end of 2014–reported Ten-X, Irvine, Calif.
Moody’s: Oil Slump a Moderate CMBS Credit Negative
Falling oil prices represent a moderate credit negative for commercial mortgage-backed securities collateral and will cause performance to deteriorate in some metros, said Moody’s Investors Service, New York.