More U.S. commercial real estate distress was worked out than arose in the first quarter, reported Real Capital Analytics, New York.
Category: News and Trends
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“The industry is not more difficult to originate in; it is absolutely wide open, which is why we are starting to see competing fintechs enter the home equity lending space. And values continue to rise which increases the potential for equity lending. We are not going to see market values slowdown anytime soon.”
–Omar Jordan, Founder & CEO of LenderClose, West Des Moines, Iowa.
MISMO Seeks Public Comment on Engineering Guidelines 21 and 40
MISMO, the real estate finance industry’s standards organization, seeks public comment on MISMO Engineering Guidelines 21 and 40. The 30 day public comment period for both guidelines runs through June 18.
MBA Premier Member Profile: Adwerx
Used by more than 25% of the top brokerage firms and more than 15% of the top mortgage originators in the U.S., Adwerx delivers personalized, omnichannel brand marketing and automation at enterprise scale.
Distressed CRE Debt Drops
More U.S. commercial real estate distress was worked out than arose in the first quarter, reported Real Capital Analytics, New York.
FHFA Announces GSEs’ Proposed Duty to Serve Underserved Markets Plans for 2022-2024
The Federal Housing Finance Agency published proposed 2022-2024 Underserved Markets Plans submitted by Fannie Mae and Freddie Mac under the Duty to Serve program. The proposed Plans cover the period from January 1, 2022 to December 31, 2024.
Spread Between Retail, Industrial Rents Compresses
JLL, Chicago, reported the spread between retail property rents and industrial property rents is compressing as home deliveries speed up and e-commerce steals more and more market share from brick-and-mortar retailers.
MISMO Seeks Public Comment on Engineering Guidelines 21 and 40
MISMO, the real estate finance industry’s standards organization, seeks public comment on MISMO Engineering Guidelines 21 and 40. The 30 day public comment period for both guidelines runs through June 18.
MBA, Trade Groups Weigh in On Private Flood Insurance
The Mortgage Bankers Association and 10 other industry organizations commented this week on private flood insurance questions and answers published by regulatory agencies.
Dealmaker: Bellwether Enterprise Closes $72M for Affordable Housing
Bellwether Enterprise Real Estate Capital LLC, Cleveland, closed four loans totaling $72 million for affordable senior housing in Illinois and affordable multifamily housing in Maryland and New Jersey.