The Lede
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Commercial and Multifamily Mortgage Delinquency Rates Remain Flat
National Mortgage Professional, Sept. 26, 2017--Phil HallDelinquency rates for commercial and multifamily mortgages were mostly stagnant during the second quarter, according to new data from the Mortgage Bankers Association.
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Janet Yellen Says Fed Plans to Keep Raising Rates
New York Times, Sept. 26, 2017--Binyamin ApplebaumFederal Reserve Chairwoman Janet Yellen said on Tuesday the Fed plans to continue raising its benchmark interest rate despite some uncertainty about the reasons that inflation had weakened in recent months.
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How Capital Stack Dynamics Contribute to Today’s Challenges to Multifamily Developers
National Real Estate Investor, Sept. 26, 2017--Kevin FarrellWhile almost anyone investing in apartments prospered during the recent boom, the players that will succeed during this cycle shift will be experienced teams.
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How PNC’s Real Estate Head Leads by Listening
National Mortgage News, Sept. 25, 2017--Bonnie Sinnock Leadership is not about being the loudest voice in the room, it's about listening. That's Diana Reid's philosophy, and it's worked for her.
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As the Fed Steps Back From Mortgage Market, REITs Gear Up to Buy
Bloomberg, Sept. 21, 2017--Claire BostonMany fund managers are fearful about the Federal Reserve shedding its massive $1.78 trillion mortgage bond portfolio, a step it plans to start next month. Some investors say it's time to get greedy. Some mortgage bond fund managers known as real estate investment trusts have been raising cash at their fastest pace since 2013, giving them enough new capacity to buy more than $30 billion of the securities.
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Mortgage and Banking Groups Express Concern Over Efforts to Derail an Overhaul of Fannnie Mae, Freddie Mac
The Hill, Sept. 21, 2017--Vicki Needham (MBA mention)The groups on Thursday wrote a letter to Treasury Secretary Steven Mnuchin and Mel Watt, director of the Federal Housing Finance Agency, calling on them to help usher through bipartisan legislation in Congress to reform the housing finance system and end government control of the two entities.
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Commercial/Multifamily Briefs
Multifamily & Healthcare Finance LLC--an approved MAP and LEAN FHA lender that provides mortgages and new construction funding for clients purchasing, refinancing, rehabilitating or developing commercial, multifamily and healthcare properties--recently launched, led by Jim Moore, Joe Funk and Bob Sheddy.
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Lopez Urges Vigilance in ‘High-Risk’ Environment
MIAMI--Financial regulators are focusing intently on lenders' risk management organizations and practices. So is the Mortgage Bankers Association.
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MBA: Second Quarter Delinquencies Remain Low; CMBS Increases Slightly
Delinquency rates for commercial and multifamily mortgage loans were relatively flat in the second quarter, the Mortgage Bankers Association said in its Commercial/Multifamily Delinquency Report.
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MBA Asks House to Strengthen Flood Insurance Bill
The Mortgage Bankers Association, in a letter to House leadership, expressed strong support for inclusion of provisions that would strengthen and expand the private flood insurance market within Title IV of the FAA Reauthorization bill slated for floor consideration this week.
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CBRE: Florida CRE ‘Resilient’ in Face of Hurricane Irma
Florida's commercial real estate market benefited from long-term preparation when Hurricane Irma hit, reported CBRE, Los Angeles.
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MBA Advocates Volcker Rule Changes to Improve CMBS Market Making
Certain changes to the Volcker Rule would better accomplish the rule's public policy purposes--and protect a foundational element of commercial mortgage-backed securities liquidity--the Mortgage Bankers Association said in a letter to the Office of the Comptroller of the Currency.
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MBA, Trade Groups Urge Administration to Stay Course on GSE Reform
The Mortgage Bankers Association and other industry trade groups urged the Trump Administration to maintain momentum on reforming Fannie Mae and Freddie Mac, expressing concerns that reform efforts appear to be stalling on Capitol Hill.
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$5+Billion in CMBS Exposed to Toys R Us Bankruptcy
More than $5 billion in commercial mortgage-backed securities loans have exposure to Toys R Us--which filed for bankruptcy Monday--as a tenant, CMBS analysts say.
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CREF Highlights
Commercial and multifamily developments and activities relevant to your business and our industry.
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MBA, Trade Groups Up Pressure on Flood Insurance Fix
The Mortgage Bankers Association and other industry trade groups intensified their pressure on the House to pass a bill that would strengthen and expand the private flood insurance market.
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Lopez Urges Vigilance in ‘High-Risk’ Environment
MIAMI--Financial regulators are focusing intently on lenders' risk management organizations and practices. So is the Mortgage Bankers Association.
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Lopez Urges Vigilance in ‘High-Risk’ Environment
MIAMI--Financial regulators are focusing intently on lenders' risk management organizations and practices. So is the Mortgage Bankers Association.
Full Story
Autonomous Vehicles Changing Real Estate Design
Though autonomous vehicles are years away from popular usage, they are already changing how land-use planners and developers think about commercial real estate, said valuation and assessment firm BBG, Dallas.
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