The Lede
Top National News
Wall Street Said to Plan First CMBS to Meet Risk-Retention Rules
Bloomberg, June 6, 2016--Evans, Rachel
Three U.S. banks plan to sell the first commercial mortgage bonds to comply with new rules designed to make securitization markets safer for investors.
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Yellen Says Latest Jobs Report Raises Questions About Economic Outlook
Wall Street Journal, June 6, 2016--Davidson, Kate
Federal Reserve Chairwoman Janet Yellen on Monday said the dismal May employment report has raised significant questions about the economic outlook that will weigh on officials as they determine when to lift short-term interest rates.
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Report: No-Longer-Potential Homeowners Turn to Rentals in Housing Bust
Philadelphia Inquirer, June 5, 2016--Heavens, Alan J.
"Demand for rental housing has greatly outstripped supply, rapidly pushing vacancies down and rents up even as incomes fell," said Lynn Fisher, vice president for research and economics with the Mortgage Bankers Association. "The supply is still trying to catch up with the demand."
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Fed Governors Signal Bigger Bank Capital Requirements Looming
Wall Street Journal, June 2, 2016--Tracy, Ryan
Federal Reserve officials strongly signaled they will toughen big-bank capital requirements even more than they have since the 2008 crisis, a move that will add to the pressure on the largest U.S. banks to consider shrinking.
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Commercial Loan Delinquencies Stay Down
Scotsman Guide, June 7, 2016--Whitman, Victor
Delinquency rates for commercial loans held steady at low levels in the first quarter, while the number of troubled loans held in the much-watched category of commercial mortgage-backed securities fell steeply, the Mortgage Bankers Association reported.
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Has CRE Reached an Inflection Point?
Multi-Housing News, June 7, 2016--Fiorilla, Paul
The author, with Yardi Matrix, said while it appears that the rapid expansion in commercial real estate could be exhausted and the market is likely to see a pause in the run of pricing and deal flow, it's also hard to see what would cause the kind of deep meltdown we experienced in the last cycle.
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Opinion: Why U.S. Interest Rates Will Stay Low Forever
MarketWatch, June 7, 2016--Reeves, Jeff
The reality is that expectations about rate hikes have been too aggressive. Like clockwork, policymakers and pundits predict higher rates in the medium-term--and they are always proven wrong.
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Mall Landlords Embrace High-Tech to Entice Shoppers
Wall Street Journal, June 7, 2016--Fung, Esther
Mapping functions for parking, mall navigation are among the digital offerings.
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REIT Surprise: How Real Estate Crushed the Stock Pickers
Wall Street Journal, June 8, 2016--Brown, Ken
Real estate investment trusts are by far the best-performing asset class in the market over the past 15 years, but most actively managed funds have largely ignored these stocks.
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Here’s Why You Should Start Investing in Single-Family Rentals
HousingWire, June 8, 2016--Swanson, Brena
The single-family rental market comprises 13% of all occupied housing and 37% of the total rental market and is only poised for more growth from here, a white paper from the National Rental Home Council said.
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Dealmaker of the Week
People in the News
News and Trends
Fitch: U.S. Equity REITs Can Expect Better Debt Capital Access
U.S. real estate investment trusts should see improving debt capital access following a challenging start to 2016, said Fitch Ratings, New York.
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Report: Young Adults Continue to Lag Household Formation
You know that whole "household formation" demographic that's supposed to revitalize the housing market? It just might have to wait a little longer.
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Hotel Summer Forecast: Record Demand, Low Room Rate Growth
The U.S. hotel industry could experience record-breaking room demand but low room rate growth this summer, reported STR, Hendersonville, Tenn.
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MBA Chart of the Week: Change in Outstanding Balance of Commercial, Multifamily Mortgages
Levels of commercial and multifamily mortgage debt have been growing more slowly than property prices in recent years, realigning debt and equity since prices fell during and after the Great Recession.
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CMBS Delinquency Rate Increases as Risk Retention Approaches
The commercial mortgage-backed securities delinquency rate inched up again in May, but the bigger problem lies elsewhere, said Brian Olasov, Executive Director with Carlton Fields, New York.
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Commercial Property Price Appreciation Slows
Property appreciation has slowed after prices posted near-double-digit gains in each of the past few years, reported Green Street Advisors, Newport Beach, Calif.
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Commercial Briefs: Walker & Dunlop, JLL
Walker & Dunlop, Bethesda, Md., agreed to purchase commercial mortgage servicing rights associated with a $3.8 billion servicing portfolio from Oppenheimer Multifamily Housing and Healthcare Finance, North Wales, Pa.
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