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Helene Update: 121 Dead, Millions Without Power Across Southeast

Helene Update: 121 Dead, Millions Without Power Across Southeast

by Phil Hall | Sep 30, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

At least 121 people across six states are dead as a result of the devastation brought by Hurricane Helene. According to combined media reports, the fatalities occurred Florida, Georgia, South Carolina, North Carolina, Virginia and Tennessee. As of 2:00 p.m. EDT,...
CMBS Delinquency Rate Rises to 5.70%

CMBS Delinquency Rate Rises to 5.70%

by Phil Hall | Sep 30, 2024 | Commercial Real Estate News, News/Current Events, Real Estate Investing, Real Estate News, WRE News Exclusive

The delinquency rate for commercial mortgage-backed securities (CMBS) increased by rose 26 basis points this month to 5.70%, according to new data from Trepp Inc. Year-over-year, the overall CMBS delinquency rate is up 131 basis points from 4.39%. While most of the...
HUD and Ginnie Mae to Host Summit on Mortgage Market Liquidity

HUD and Ginnie Mae to Host Summit on Mortgage Market Liquidity

by Phil Hall | Sep 30, 2024 | Mortgage Information, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The U.S. Department of Housing and Urban Development (HUD) and Ginnie Mae are co-hosting a summit focusing on the impact of mortgage market liquidity on Americans’ access to affordable homeownership. The Mortgage Market Resilience and Access to Credit Summit...
FHFA Proposes Rule to Expand Access to Liquidity for the Federal Home Loan Banks

FHFA Proposes Rule to Expand Access to Liquidity for the Federal Home Loan Banks

by Phil Hall | Sep 30, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

The Federal Housing Finance Agency (FHFA) issued a notice of proposed rulemaking on Federal Home Loan Bank (FHLBank) Unsecured Credit Limits. According to a statement from the FHFA, the proposed rule is designed to “improve the FHLBanks’ ability to provide liquidity...
NYC Condo Complex Offers Residents to Buy Parking Spaces for $500,000

NYC Condo Complex Offers Residents to Buy Parking Spaces for $500,000

by Phil Hall | Sep 30, 2024 | News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Trying to find parking in New York City can be a challenge, but one condominium is offering its residents a chance to buy their own subterranean parking space – for $500,000. The New York Post reported the residents of 150 Charles St. in Manhattan are being given the...
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