USA Today, Aug. 23, 2021–Paul Davidson (subscription)More Americans are expected to qualify for home loans after Fannie Mae said it will include rent payment history in its mortgage approval process.https://www.usatoday.com/story/money/personalfinance/real-estate/2021/08/23/fannie-mae-loan-mortgage-include-rent-payments-approvals/8213331002/
Group Newslink: MBA Commercial/Multifamily NewsLink August 26 2021
FHFA to Increase Multifamily Radon Sampling Requirements
GlobeSt.com, Aug. 23, 2021–Drew H. McCreeryThe Federal Housing Finance Authority is considering an increase to radon sampling requirements for Fannie Mae and Freddie Mac multifamily loans in accordance with the …
M&T Bank Eases Back From Ailing Commercial Real Estate Sector
Crain’s New York Business, Aug. 23, 2021–Aaron ElsteinAfter betting big on commercial real estate, M&T Bank will dial down its exposure due to market conditions and a nudge from regulators. …
Appeals Court Leaves Biden Eviction Ban in Effect
Politico, Aug. 20, 2021–Katy O’Donnell, Josh GertsteinA federal appeals court on Friday declined to block the Biden administration’s new eviction moratorium, setting up a showdown at the Supreme Court.https://www.politico.com/news/2021/08/20/appeals-court-leaves-biden-eviction-ban-in-effect-506464
New Jersey’s American Dream Megamall Is Once Again Sinking in Debt
Bloomberg, Aug. 19, 2021–Eliza Ronalds-Hannon, John Gittelsohn, Lauren Coleman-Lochner, Martin Z BraunSince its groundbreaking nearly two decades ago, the megamall built in New Jersey’s Meadowlands has done little except hemorrhage …
Why Urban Commercial Real Estate is Here to Stay
Wealth Management Real Estate, Aug. 19, 2021–Gio CordovesEven though COVID-19 presented many challenges to cities, these markets always seem to rebound after a crisis. For example, migration to New York …