‘Foong on Finance’: GSE Reform Update
It has been a busy week on the GSE and financial reform fronts, with hearings in both the Senate and the House.
MHN TV: Jamie Woodwell on Delayed Recoveries
Jamie Woodwell, vice president of commercial and multifamily research at the Mortgage Bankers Association, explains why certain sectors of commercial real estate may see delayed recoveries.
‘Foong on Finance’: GSE Reform Update
It has been a busy week on the GSE and financial reform fronts. There were hearings in both the Senate and the House on GSE reform. The Republicans in the House are reportedly planning to release a series of eight bills to curtail Fannie and Freddie. Proposed 5 percent risk-retention regulations, requiring lenders to have “skin” in the loans they make, have been released, and the government agencies are asking for public comment. In a released report, the inspector general of the federal Housing Finance Agency criticized high executive pay at Fannie and Freddie. And Mortgage Bankers Association Chairman Michael…
TODAY’S DEALS: PCCP Provides $22M Loan for Acquisition of Busted Condos in Nashville
PCCP provides senior loan for the acquisition of a busted condo development; HSI closes financing on a Wisconsin community; and Bay Apartment Advisors brokers the sale of a 22-unit property in Oakland, Calif.
Structured Financing Does Not Come Cheap
While certainly not pervasive, the structured financing market is showing signs of returning to life after two moribund years.
‘The Accidental Economist’ with Jack Kern: Major Bank Discovers Young Homebuyers–News at 11
I had a great laugh today. On one of the newswires there was a headline article about how a major national bank discovered that millennials might represent the biggest home-buying cluster to come along in years.
TODAY’S DEALS: Beech Street Provides $74M in Fannie Mae Loans to Refinance Portfolio
New York–Beech Street Capital provides $74M to refinance portfolio, and Prudential Douglas Elliman completes biggest single condo sale ever in New York City.
TODAY’S DEALS: NorthMarq Arranges $11.693M Mortgage via Freddie Mac
Everett, Wash.–NorthMarq Capital arranges $11.693 million loan, and Orbach group adds to its portfolio with $15.5M acquisition in Bensalen, Pa.
‘The Accidental Economist’ with Jack Kern: Take Two Price Increases and Call Me in the Morning
What many do not seem to realize is that pricing and revenue management practices are pushing residents into alternative housing choices, ones that rarely raise rents at the same rate as professionally managed buildings.
Inflation Is Imminent, Says Analyst
Could higher inflation be around the corner? “The general expectation is that inflation is coming. The question is when, and by how much,” says a research analyst at a U.S. ratings agency.