The Lede
Top National News
Add CRE Worries to List of Bank M&A Impediments
National Mortgage News, Sept. 16, 2016--Stewart, Jackie
Banks that are heavily involved in commercial real estate lending may shy away from buying institutions with similar concentrations.
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Condominiums in Crisis: Financial Troubles Put Many Communities at Risk
Washington Post, Sept. 18, 2016--Turque, Bill
Monthly fees, the financial lifeblood of condo developments, have risen sharply as boards try to generate cash for long-deferred maintenance and to cover basic expenses. As a result, more owners can't make their payments, and fewer prospective owners can afford to buy in.
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Money Is Pouring Into Property Deals Banks Won’t Touch
Bloomberg, Sept. 19, 2016--Mulholland, Sarah; Perlberg, Heather
Heightened commercial real estate lending scrutiny paves the way for lightly regulated investors to gain a bigger toehold in lucrative deals.
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S&P Real Estate Sector Rises in First Day of Trading
CNBC, Sept. 19, 2016--Imbert, Fred
There's a new sector in the closely followed S&P 500, and it's off to a good start.
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The Federal Reserve Confronts a Possibility it Never Expected: No Exit
Washington Post, Sept. 19, 2016--Mui, Ylan Q.
Instead of executing its stimulus exit strategy--raise interest rates and shrink its balance sheet--the Federal Reserve is confronting the possibility that its temporary economic recovery measures will remain in place indefinitely.
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Mortgage Applications Tank 7.3% Amid Rising Rates
CNBC, Sept. 21, 2016--Olick, Diana
Mortgage rates finally broke out of their tight range last week, and borrowers retreated in force, the Mortgage Bankers Association reported.
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News and Trends
SVN: Small Rate Increase Unlikely to Have Significant CRE Effect
Fed's Perceived Stance Regarding Future Increases More Important
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Small-Cap Sales Dip, But Remain Strong
Year-to-Date Figure Challenges 2015's Record Sales Volume
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