Bloomberg, May 21, 2020–Joe Light, Prashant GopalWith the economy shut down, unemployment soaring and no clear end in sight, policymakers have been leaning on two mortgage companies the government took …
Group Newslink: MBA Commercial/Multifamily NewsLink May 28
Single-Family Rent Price Growth Cools Down
Mortgage Professional America, May 21, 2020–Candyd MendozaAfter three straight months of acceleration, the CoreLogic Single-Family Rent Index showed a 3% dip in annual rent price growth during the onset of …
The Mall of America Hasn’t Paid Its Mortgage in Two Months
CNBC, May 21, 2020–Lauren ThomasThe biggest shopping center in the country, The Mall of America, has missed two months of payments on its $1.4 billion mortgage. It’s a sign of …
Mnuchin Sees ‘Strong Likelihood’ of Needing Another COVID-19 Relief Bill
The Hill, May 21, 2020–Naomi JagodaTreasury Secretary Steven Mnuchin on Thursday said there is a “strong likelihood” that another coronavirus relief bill will be needed as more states start to …
Real Estate Economists Expect Short-Lived Recession
The COVID-19 crisis has shocked markets everywhere, but some U.S. real estate economists expect a short-lived recession and above-average GDP growth in 2021 and 2022, said the Urban Land Institute, Washington, D.C.
Dealmaker: Marcus & Millichap Closes Two California Deals Totaling $49M
Marcus & Millichap, Calabasas, Calif., closed two transactions in California totaling $48.9 million.
FHFA Re-Proposes Capital Rule to Move GSEs from Conservatorship
The Federal Housing Finance Agency issued a notice of proposed rulemaking that establishes a new regulatory capital framework for Fannie Mae and Freddie Mac. The proposed rule is a re-proposal of the notice of proposed rulemaking published in July 2018.
What Post-Conservatorship Could Look Like for the GSEs
National Mortgage News, May 20, 2020–Christopher Whalen (subscription)Even though FHFA and the GSEs still have not yet rolled out a full response to the COVID-19 disaster, the agency’s conservative leadership …
Dealmaker: Newmark Knight Frank Arranges $36M Refinancing, $39M Sale
Newmark Knight Frank, New York, arranged $36 million in refinancing on behalf of DivcoWest for 180 Townsend, a four-story, 41,000-square-foot San Francisco office building.