GlobeSt.com, Oct. 1, 2020–Kelsi Maree BorlandData from the Mortgage Banker’s Association reveals that the level of commercial debt increased to $3.76 trillion at the end of the second quarter, and …
Category: Top National News
Freddie Mac Preparing to Launch New Type of Multifamily Mortgage Bond
National Mortgage News, Oct. 1, 2020–Bonnie Sinnock (subscription)The government-sponsored enterprise’s first multifamily sustainability bond transaction, totaling $600 million, is part of Freddie’s K-Deal program.https://www.nationalmortgagenews.com/news/freddie-mac-preparing-to-launch-new-type-of-multifamily-mortgage-bond
1,600 Customers Say Wells Fargo Paused their Mortgage Payments Without their Consent
NBC News, Oct. 1, 2020–Gretchen MorgensonThe letters also indicate that the bank didn’t know how many customers had been affected by its practice of placing them in so-called forbearance programs, …
Commercial Mortgage Debt Rises as Originations Fall
GlobeSt.com, Oct. 1, 2020–Kelsi Maree BorlandData from the Mortgage Banker’s Association reveals that the level of commercial debt increased to $3.76 trillion at the end of the second quarter, and …
These Cities Are Most at Risk of Being in a Housing Bubble
Barrons (Wall Street Journal), Oct. 1, 2020–Shaina MishkinHome prices have been by and large resilient in the face of a historic pandemic—but some markets remain at risk of a housing …
Fitch: Mortgage Delinquencies Won’t Affect Property Tax Payments
Fitch Ratings, New York, does not expect fiscal 2021 property tax collections to be meaningfully affected by mortgage forbearance programs or delinquencies, but potential for timing delays is “elevated.”
Brookfield Cuts Staff as It Tries to Steady Mall Portfolio
Wall Street Journal, Sept. 29, 2020–Esther Fung (subscription)Brookfield Property Partners’ recent move to slash staff shows how the firm’s big bet on repurposing shopping malls is slamming into unanticipated challenges …
Manhattan Offices Are Nearly Empty, Threatening New York City’s Recovery
Wall Street Journal, Sept. 29. 2020—Peter Grant, Emma Tucker (subscription)Manhattan office employees are returning to work at a much slower pace than those in most other major U.S. cities, raising …
In New Lawsuit, More than 85,000 Landlords Challenge Legitimacy of CDC Eviction Moratorium
Mortgage Professional America, Sept. 29, 2020–Clayton JarvisThe lawsuit, filed by the New Civil Liberties Alliance in Georgia’s Northern District on behalf of a collection of plaintiffs including the 85,000-member National …
A Look into the 2020 Refinance Wave with MBA’s Mike Fratantoni
HousingWire, Sept. 29, 2020Mortgage Bankers Association‘s Chief Economist and Senior Vice President of Research and Industry Technology Mike Fratantoni discusses his recent HousingWire article. He also expands upon why mortgage …