Treasury Department Issues Guidance to Increase Affordable Housing Supply
The Treasury Department issued new guidance Wednesday to increase state, local and tribal governments’ ability to use American Rescue Plan funds to increase affordable housing. The Mortgage Bankers Association commended the Biden administration for its commitment to addressing the ongoing housing shortage.
CREF Policy Update: July 28, 2022
Commercial and multifamily developments and activities from MBA relevant to your business and our industry.
MBA Updates Economic Forecast
The Mortgage Bankers Association released an updated economic forecast.
KBRA: Servicers Performed Admirably During COVID
Kroll Bond Rating Agency, New York, said commercial mortgage-backed securities servicers “performed admirably” over the last two years while facing nearly unprecedented distress during the COVID pandemic.
Personnel News from Berkadia, JLL
Berkadia added Senior Managing Director Sabrina Solomiany, who will lead the firm’s newest specialty group, Medical & Life Sciences from the firm’s Atlanta office.
CoreLogic: Annual Single-Family Rent Growth Holds Steady at Record High in May
CoreLogic, Irvine, Calif., said annual U.S. single-family rent growth remained at a record high in May, posting a 13.9% increase from May 2021.
Trepp: Bank Loans Outperforming CMBS Loans
Trepp, New York, said the bank-issued commercial real estate loans it tracks generally performed better than commercial mortgage-backed securities loans last year.
Apartment Asking Rents Rise at Slowest Annual Rate Since October
Rent increases tapered off in June, with the national median asking rent rising 14% from a year earlier--the smallest annual increase since October--reported Redfin, Seattle.
