Archive for January, 2017

Court orders document disclosure in Fannie, Freddie lawsuit

A federal appeals court has ruled that the US Justice Department must disclose documents related to its decision to seize Fannie Mae and Freddie Mac's profits in August 2012. Fairholme Funds is suing the government, arguing that the action was an illegal seizure of private property. Read full story Read more

Fed considers timing of bond-holding reduction

Federal Reserve officials are debating whether it is time to divest mortgage and Treasury securities, which have grown to $4.45 trillion from less than $1 trillion in 2007. Though the economy is growing, the Fed worries that reducing its portfolio could drive up interest on debt, negatively affecting financial markets. Read full story Read more

Takeaways on Tax Reform from NMHC Annual Meeting

Among the first sessions was a joint finance and tax committee discussion of the impact of the Better Way tax reform “blueprint” proposed by Republican House Speaker Paul Ryan. Read full story Read more

Apartment Building Owners Face Higher Rates on Loans

Lenders are looking more skeptically at the prices buyers are willing to pay for assets relative to the income from the properties. Read full story Read more

The End of the Low Interest Rate Environment?

The squeeze on cap rate spreads remains of some concern for real estate investments should rates rise more rapidly than expected, especially with the “frothiness” we have seen in certain gateway class-A markets. Read full story Read more

Luxury apartment market adjusts to oversupply

The seven-year luxury apartment boom appears to be nearing its end as a glut of product is causing landlords to drop rents and offer deep concessions even as demand for high-end apartments remains strong. Last year, rents rose 3.8%, a slowdown from recent years, according to MPF Research. Read full story Read more