The Lede

Wall Street Journal, Aug. 29, 2017--Peter Grant (subscription)Investors are raising funds to take advantage of busted condominium projects and other distressed property as a correction shows signs of spreading in parts of the commercial real estate industry.

Newsday (N.Y.), Aug. 29, 2017--Zachary R. DowdySen. Chuck Schumer, D-N.Y., will call on his fellow lawmakers in Congress on Tuesday to renew the National Flood Insurance Program as torrential rains and flooding from Tropical Storm Harvey pummel southern Texas.

Times-Picayune (New Orleans), Aug. 28, 2017--Drew BroachHurricane Harvey's ghastly flooding in the Houston area is sure to focus political attention on the National Flood Insurance Program, a controversial government benefit that makes home ownership affordable to many in south Louisiana. It's $24 billion in debt, and unless Congress acts in the next 34 days, it will expire.

Reuters, Aug. 25, 2017Low inflation and a strong labor market in the United States are allowing the Federal Reserve to be "patient" about when it next raises interest rates, Fed Governor Jerome Powell said Friday.

Barron's, Aug. 30, 2017--Amey StoneMajor flooding in Texas is putting at risk about $19.4 billion in properties financed by commercial mortgage-backed securities, according to Morningstar Credit Ratings.

Wall Street Journal, Aug. 29, 2017--Esther Fung (subscription)Houston's office and retail real-estate markets are likely to get hurt by lost business in the weeks and months immediately following Hurricane Harvey.

The U.S. hotel industry should see continued "modest" growth through 2018, said separate reports from STR and Fitch Ratings.

The Mortgage Bankers Association urged Senate leadership to act on key pending nominations at HUD, saying the department needs experienced leaders in place without delay.

Apartment rent growth across the country softened through first-half 2017 as quarterly deliveries get set to peak this quarter, JLL and Real Capital Analytics said.

Commercial real estate investor sentiment is cooling gradually, the Marcus & Millichap/NREI Investor Sentiment Survey found.

Cushman & Wakefield acquired 20 VIC Management Inc., a Canadian commercial real estate management firm servicing pension funds, private equity firms and high-net-worth investors.

An aging population is boosting demand for medical office properties, reported CBRE, Los Angeles.

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The Mortgage Bankers Association has prepared numerous resources for homeowners and renters affected by Hurricane Harvey.

The Mortgage Bankers Association has prepared numerous resources for homeowners and renters affected by Hurricane Harvey.

The Mortgage Bankers Association has prepared numerous resources for homeowners and renters affected by Hurricane Harvey.