The Lede

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New York Landlords in a Financial Bind From New Rent Law
Wall Street Journal, June 24, 2019--Will Parker; Konrad Putzier (subscription)Property investors have spent billions of dollars on apartment buildings for what has been one of the most reliably profitable bets in New York City real estate: converting rent-regulated apartments to market-rate units. But New York's new rent law may cause financial stress for the companies that own these buildings.
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Situs Group Merges with American Mortgage Consultants
HousingWire, June 20, 2019--Jessica GuerinThe merged enterprise will rebrand as SitusAMC and offer services and tech services to commercial and residential real estate firms.
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Where GSE Reform Could Be Headed and What It Could Mean for Lenders
National Mortgage News, June 19, 2019--Bonnie Sinnock (subscription)Since becoming Federal Housing Finance Agency director, Mark Calabria has sent ever clearer signals that the White House is prepared to take unilateral action that would at least start Fannie Mae and Freddie Mac back on the path to private-sector ownership.
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MBA Launches Affordable Housing Initiative
The Title Report, June 25, 2019The Mortgage Bankers Association recently launched an initiative to promote more sustainable, affordable homes for purchase and rental. "The lack of affordable housing is presenting significant challenges to families across the country," MBA President and CEO Robert Broeksmit, CMB, said. "We need to explore how the lending community can better partner with public, private and non-profit stakeholders to ensure more Americans have access to homes they can afford."
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CMBS: A Market That Has A Deeper Role Than The Numbers Indicate
Trepp, June 25, 2019--Jamie WoodwellThe CMBS market is the most transparent part of the $3.4 trillion commercial and multifamily mortgage industries. In addition to easy access to detailed bond, loan and property information, a dedicated group of CMBS analysts at Wall Street shops, rating agencies, private companies and--dare I say--trade groups offers sophisticated insights into every twist and turn of the market.
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