FHFA Gives Conditional Approval of Freddie Mac’s Second Mortgage Purchase Pilot
The Federal Housing Finance Agency (FHFA) announced its conditional approval for Freddie Mac (OTCQB: FMCC) to engage in a limited pilot to purchase certain single-family closed-end second mortgages. The conditional approval follows FHFA’s first publication of a...
Realtors Relief Foundation Pledges Additional $1 Million for Arkansas Tornado Victims
The Realtors Relief Foundation (RRF) is providing an additional $1 million in disaster relief to the Arkansas Realtors association for distribution to disaster victims recovering from seven devastating tornadoes that damaged four Arkansas counties in last month. The...
64 NYC Office Properties Being Positioned to Become Residential Housing
The owners of 64 office buildings in New York City have inquired for assistance in converting their commercial properties into multifamily housing. According to GlobeSt.com, the building owners are working with the city’s Office Conversion Accelerator Program, which...
European Central Bank Readies for Rate Cut Next Week
European Central Bank Chief Economist Philip Lane is signaling his agency is ready to cut interest rates next week, a disruption from its usual trend of following the Federal Reserve’s lead. In an interview with the Financial Times, Lane previewed the ECB’s upcoming...
NYC Records $1.44 Billion in Q1 Multifamily Sales
New York City recorded $1.44 billion in multifamily sales during the first quarter of this year, according to new data from Ariel Property Advisors. This represented a 23% year-over-year increase. Predominantly free market building sales accounted for slightly more...
;
CMBS DELINQUENCY RATE DROPS BY FIVE BASIS POINTS. Learn more at https://wrenews.com/cmbs-delinquency-rate-drops-by-five-basis-points/
JEF CONN NAMED 2024 BOARD CHAIRMAN OF TEXAS REALTORS. Learn more at https://wrenews.com/jef-conn-named-2024-board-chairman-of-texas-realtors/
MBA’S BROEKSMIT EXPRESSES ‘SIGNIFICANT CONCERN’ OVER PAUSING FORECLOSURES ON VA-GUARANTEED LOANS. Learn more at https://wrenews.com/mbas-broeksmit-expresses-significant-concern-over-pausing-foreclosures-on-va-guaranteed-loans/
