Bloomberg, Jan. 21, 2021–Patrick SissonA trio of bills propose plugging the state’s huge housing gap with commercial-to-residential conversions of strip malls. New research suggests it could work.https://www.bloomberg.com/news/articles/2021-01-19/how-empty-shopping-centers-could-be-a-housing-fix?srnd=premium
Category: Top National News
Hedge Funds’ Bets on Fannie and Freddie Cause Pain
Wall Street Journal, Jan. 21, 2021–Juliet Chung, Andrew Ackerman (subscription)The end of the Trump administration is the end of the best hope for hedge-fund investors in a long and painful …
Former Cordray Aide Selected for Interim CFPB Post
National Mortgage News, Jan. 21, 2021–Kate Berry (subscription)Dave Uejio, who served as chief of staff to ex-Director Richard Cordray, was named by the Biden administration to lead the Consumer Financial …
FHFA Ponders Climate Risk for Fannie and Freddie
HousingWire, Jan. 20, 2021–Alex RohaThe Federal Housing Finance Agency announced it is requesting input on the current and future risk of natural disasters and climate change on Fannie Mae and …
Commercial Real Estate Debt Sustained by Central Bank Bond Buying
Wall Street Journal, Jan. 20, 2021–Anna Hirtenstein (subscription)Europe’s downtown office buildings are empty, and malls and main streets are deserted, yet the biggest landlords are staying afloat during the COVID-19 …
FHFA Extends Foreclosure, Eviction Moratorium to February
HousingWire, Jan. 19, 2021–Kelsey RamirezThe Federal Housing Finance Agency announced Tuesday that Fannie Mae and Freddie Mac will once again extend moratoriums on single-family foreclosures and real estate owned evictions, …
Covid Lockdowns, Unpaid Rents Cause Commercial Mortgage Delinquencies to Rise in U.S.
World Property Journal, Jan. 19, 2021–Michael GerrityThe Mortgage Bankers Association’s latest monthly MBA CREF Loan Performance Survey is reporting this week that delinquency rates for mortgages backed by commercial and …
Biden’s CFPB Nominee Could Take Reins Before Senate Vote
American Banker, Jan. 19, 2021–Kate Berry (subscription)If he’s confirmed as director of the Consumer Financial Protection Bureau, Rohit Chopra is expected to move quickly to undo Trump policies and address …
The Debt Question Facing Janet Yellen: How Much Is Too Much?
Wall Street Journal, Jan. 18, 2021–Kate Davidson, Jon Hilsenrath (subscription)A big question hangs over Janet Yellen this week at her confirmation hearing to become U.S. Treasury secretary: How much debt …
New Plan for Fannie, Freddie Threads the Needle
Commercial Property Executive, Jan. 18, 2021–Paul FiorillaRumors that the outgoing Trump administration would spring an 11th-hour effort to privatize Fannie Mae and Freddie Mac were set to rest last week …