The Lede

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Vultures Begin to Circle Commercial Real Estate
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.
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Sen. Chuck Schumer Wants Feds to Renew Flood Insurance Program
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.
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Harvey Flooding Focuses Attention on Troubled Flood Insurance Program
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.
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Fed Can Be Patient About Lifting Interest Rates: Powell
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.
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Billions in Commercial Mortgage-Backed Securities at Risk Due to Harvey
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.
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Harvey Likely to Weigh on Houston’s Commercial Property Market for Months
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.
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