American Banker, July 31, 2020–Hannah Lang (subscription)The mortgage giants will have to meet benchmarks for covering cash flow needs during stressed periods.https://www.americanbanker.com/news/fannie-freddie-to-face-bank-like-liquidity-standards-starting-sept-1
Group Newslink: MBA Commercial/Multifamily NewsLink Aug. 6
Self-Employed Landlords Battle Harder for Home-Loan Approvals
Orange County Register, July 30, 2020–Jeff LazersonWhy are mortgage loan originators, loan processors and underwriters digging deeper than normal, demanding more documentation, especially from self-employed borrowers and landlords? Catastrophic economic …
Office Sector Woes Continue
Analysts say the pandemic shutdown and millions of job layoffs are weighing heavily on the office sector.
MBA, Trade Groups Ask Congress to Extend Troubled Debt Restructurings Relief Period
The Mortgage Bankers Association and a half-dozen other industry trade groups this week asked Congress to extend the “covered period” under the Troubled Debt Restructurings relief under section 4013 of the CARES Act.
Dealmaker: Gantry Arranges $29M for Arizona Industrial Assets
Gantry, San Francisco, arranged $28.9 million in financing for two Class A Arizona industrial buildings.
Industry Urges More Rent Relief to Avoid ‘Domino Effect’
Multi-Housing News, July 30, 2020–Holly DuttonDays after the federal eviction moratorium and expanded unemployment insurance expired, the multifamily industry and housing advocates are worried about what happens next for renters …
Race for COVID-19 Vaccine Boosts Real Estate in Life Sciences Hubs
GlobeSt.com, July 30, 2020 –Nate RobsonHubs across the nation are looking to use real estate to boost productivity as the growth of the global prescription drug market is expected to …
Real Estate’s Biggest Industry Lobbyists Tell Us What Will Be In The Next Stimulus Bill
Bisnow, July 29, 2020MBA President and CEO Bob Broeksmit, CMB, joined Walker & Dunlop Chairman and CEO Willy Walker and other real estate association CEOs to discuss the next $1 …
Fed Chief: New Surge in Cases is Beginning to Weigh on the Economy
Washington Post, July 29, 2020–Rachel Siegel“On balance it looks like the data are pointing to a slowing in the pace of the recovery,” Federal Reserve Chair Jerome H. Powell said …
What Buildings Will Look Like After the Covid Crisis
Wall Street Journal, July 29, 2020–Kate McLaughlin (subscription)Luxury real-estate developers are rethinking living spaces, staircases and even ventilation systems amid the coronavirus pandemic.https://www.wsj.com/articles/what-buildings-will-look-like-after-the-covid-crisis-11596040879?mod=hp_featst_pos4