Just over half of U.S. apartments that delivered in the first quarter rented within three months, the second-lowest seasonally adjusted share since mid-2020, according to Redfin, Seattle.
Category: News and Trends
Commercial/Multifamily Briefs, Oct. 3, 2024
Commercial/multifamily industry news from Gantry, FHFA and Peachtree Group.
CMF Quote of the Week
“We hope the entire industry gets behind this. It’s time for unity–if we are really here to help and serve others, why not come together when it is needed?”
— Fairway CEO and Founder Steve Jacobson on efforts across the industry to help areas affected by Hurricane Helene
FHA Releases New Draft ML on Cyber Incident Reporting; Letter Includes Adjustments Closer to MBA Suggestions
The Federal Housing Administration posted a new draft Mortgagee Letter: Revised Cyber Incident Reporting Requirements on its Single-Family Housing Drafting Table. It provides updated requirements for when FHA-approved mortgagees must notify the Department of Housing and Urban Development when a reportable cyber incident occurs.
MISMO Seeks Nominations for Standards Governance Committee Members–Deadline Oct. 7
MISMO is calling for nominations for qualified industry professionals to serve on MISMO’s Standards Governance Committees for a two-year term beginning in January 2025. Positions are available on both the Residential and Commercial Standards Governance Committees.
Continuing the Momentum: CCMS Philanthropic Committee’s Efforts for the Opens Doors Foundation Grow
Leadership of the CCMS Philanthropic Committee sat down with MBA NewsLink to discuss its changes and efforts.
Dealmaker: Calmwater Capital Funds $21M for California Acquisition
Calmwater Capital, El Segundo, Calif., announced it provided Rhino Investment Group with $20.86 million in short-term, first mortgage debt for its acquisition of a grocery-anchored retail center in Cathedral City, Calif.
CREF Policy Update: FHFA Heeds MBA’s Recommendations; Re-proposes Suspended Counterparty Program Rule
Commercial and multifamily developments and activities from MBA important to your business and our industry.
Congress Passes Three-Month, Stopgap Funding Bill; NFIP Also Extended Until December
Wednesday evening, the U.S. House and Senate passed an identical Continuing Resolution (CR) that averts a government shutdown and extends Fiscal Year 2024 funding levels through December 20, 2024.
MBA Statement on FHFA’s Suspended Counterparty Program Re-Proposal
MBA President and CEO Bob Broeksmit, CMB, issued the following statement regarding the Federal Housing Finance Agency’s announced re-proposal of amendments to its Suspended Counterparty Program (SCP) regulation: