Fannie Mae set to drop its 620 credit score minimum.
Mortgage giant will instead use its own analysis of risk factors.
Officials say they're easing barriers to borrowing.
"It's just the latest in a series of policy changes aimed at creating home ownership opportunities in the
Six corporate landlords have acquired a total of almost 7,000 single-family homes to rent out in Franklin County, Ohio. Five of these landlords are owned or backed by private equity firms.
Two of the landlords, American Homes 4 Rent and Vinebrook Homes, have been active in
The two-tower Denver Energy Center sold at auction last week for 3% of its price 12 years ago.
Sold for $5.3M. Purchased for $176M in 2013.
In 2022, JP Morgan Chase Commercial Mortgage Securities Trust bought the Denver Energy Center for $88.2M in a foreclosure auction after
"America’s ‘Buy Now, Pay Later’ Economy"
The FHA has waived or reduced monthly payments on nearly 1.2 million mortgages over the past two years—about 15% of its portfolio.
Without such forgiveness, delinquencies would be near the levels of the 2008-09 meltdown.
Fannie and
San Francisco, California housing giant Veritas defaults on $652M debt. 66 apartment buildings now face foreclosure.
Those 66 buildings house 1,566 apartments.
-missionlocal
#commercialrealestate
Canada Real Estate Insanity
A Hamilton home purchased in 2021 just sold for a 52% loss.
2009 sold for $41,000
2014 sold for $84,000
2019 sold for $225,000
2021 sold for $480,000
2025 sold for $230,000
-insauga
#RealEstate
Q3 Office Vacancy Rate - Cushman and Wakefield
Atlanta 25%
Austin 29.3%
Charlotte 25.4%
Chicago 25.3%
Cincinnati 25.3%
Dallas 25.8%
Denver 26%
Fairfield County 27.3%
Houston 25%
Los Angeles CBD 32.1%
Minneapolis St. Paul 27.9%
Oklahoma City 26.5%
Phoenix 27.2%
San Francisco 33.6%
Chicago office building sells for 17.5% of 2018 price
Sold for nearly $89M. Purchased in 2018 for $510M.
600 W. Chicago Ave. 1.65M SF
Morgan Stanley provided a $373.8M loan when Sterling Bay bought the property in February 2018.
-costar
#commercialrealestate
"The delinquency rate of office mortgages that have been securitized into commercial mortgage-backed securities (CMBS) spiked to 11.8% in October, the worst ever, and over a percentage point higher than at the peak of the Financial Crisis meltdown."
-By Wolf Richter for WOLF
Office Vacancy Q2
Atlanta 24.8%
Austin 28.5%
Charlotte 26.1%
Chicago 25.3%
Cincinnati 25.2%
Dallas 26%
Denver 25.9%
Houston 25%
Los Angeles CBD 32.1%
Minneapolis 29%
Phoenix 27.5%
Sam Francisco 34.8%
Seattle 31.7%
-cushmanandwakefield
#commercialrealestate
New York Community Bank reported a 990% surge in delinquent multifamily debts YTD marking $1.5B as not accruing interest in the third quarter.
Nearly $20B of its multifamily loans will reset at market interest rates between now and 2027.
- The Real Deal
#commercialrealestate
Minneapolis office building reported sold for 3% of 2016 price.
Reported sold for $6.25M. Purchased in 2016 for $200M. Assessed at $70M.
Ameriprise Financial Center 960K SF
Office vacancy rate for the Minneapolis CBD is 33.5%.
-bizjournals
#CommercialRealEstate