HousingWire, Nov. 3, 2021–Georgia KromreiFreddie Mac wants to encourage multifamily landlords to report positive rental payments to the credit bureaus to give renters a better shot at qualifying for a …
Group Newslink: MBA Commercial/Multifamily NewsLink Nov. 4 2021
EQT’s Real Estate Unit Selling U.S. Industrial Portfolio in $6.8 Billion Deal
Wall Street Journal, Nov. 3, 2021–Peter Grant (subscription)The real estate unit of private-equity giant EQT AB, Stockholm, sold a U.S. industrial real estate portfolio to a group led by an …
With Fed Taper Expected, Investors Brace for Rate Hikes on Horizon
Reuters, Nov. 2, 2021–Karen Pierog, Saqib Iqbal AhmedAs the U.S. Federal Reserve gears up to taper its huge asset purchases, investors reeling from gyrations in the bond market are scanning …
Proposed GSE Housing Goals for Multifamily Causing Anxiety
Inside Mortgage Finance, Nov. 2, 2021–Dennis HollierThe Federal Housing Finance Agency’s proposed affordable housing goals for Fannie Mae and Freddie Mac from 2022 through 2024 have received almost universal approval …
Desperate for Housing Options, Communities Turn to Ballot Initiatives
New York Times, Nov. 1, 2021–Jennifer SteinhauerCities and counties will vote on measures such as tax increases and curbs on Airbnb aimed at creating more affordable housing.https://www.nytimes.com/2021/11/01/us/politics/ballot-initiatives-voters-voting.html
Building Materials, Labor Shortages Hold Back Construction
Construction spending, while up year over year, continues to be hampered by building materials shortages and difficulties finding labor, the Census Bureau reported Monday.
U.S. Consumer Spending Strong; Robust Wage Gains Hint at Long Spell of High Inflation
Reuters, Oct. 29, 2021–Lucia MutikaniU.S. consumer spending increased solidly in September, but was partly flattered by higher prices, with inflation remaining hot as shortages of motor vehicles and other goods …
Updated MBA State Commercial Mortgage Licensing Resource Now Available
The Mortgage Bankers Association has updated its state-by-state compilation of commercial/multifamily mortgage licensing requirements. The updated resource is a no-cost, member-only benefit that is updated annually. It covers state requirements …
MBA Launches Member Action Pledge to Promote Minority Homeownership, Affordable Rental Housing, DEI
SAN DIEGO—Mortgage Bankers Association Chairman Kristy Fercho announced the Home for All Pledge, an MBA member company action pledge to promote minority homeownership, affordable rental housing and company diversity, equity and …