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Results: 198 Articles found.
Feb 18, 2021 08:00 AM

Appraisal Institute, Fannie Mae, National Urban League Award Scholarships to Strengthen Diversity in Profession

The Appraisal Institute in collaboration with Fannie Mae and the National Urban League today announced the first class of 2021 aspiring real estate appraisers receiving scholarships through the Appraiser Diversity Initiative. The scholarship recipients were Jamilah Abdur Rahman, Philadelphia; Angela Anderson, Portsmouth, Rhode Island; Heather Boyd, Waynesville, North Carolina; Vernon Davis, Jr, New Orleans; Devyn Gonzalez, Dallas; Akil Henderson, White Plains, Maryland; Theresa Kennedy, Atlantic​

 
Feb 17, 2021 12:30 PM

FHFA Extends Appraisal Flexibilities Due to COVID-19

The Federal Housing Finance Agency announced Feb. 10 that Fannie Mae and Freddie Mac will extend until March 31 several loan origination flexibilities, including alternative appraisals on purchase and rate term refinance loans. The flexibilities were set to expire Feb. 28, but were extended due to the ongoing coronavirus pandemic.

 
Feb 17, 2021 12:30 PM

Foreclosure, Eviction Moratorium and Forbearance Extended

Fannie Mae and Freddie Mac are extending their moratoriums on single-family foreclosures and real estate-owned evictions until March 31, the Federal Housing Finance Agency announced Feb. 9. FHFA also noted that borrowers with a mortgage backed by the government-sponsored enterprises may be eligible for an additional three months of forbearance.

 
Feb 17, 2021 12:30 PM

Student Housing Sector Strengthens as Deals Increase During Q4 2020, Data Shows

Investor interest in off-campus student housing increased during the fourth quarter of 2020, with investors spending $3.9 billion to purchase both large portfolios of buildings and individual properties in strong markets, according to real estate research firm Real Capital Analytics, Wealth Management Real Estate reported Feb. 10. The end-of-year deals brought the student housing sector within range of a normal year of business.

 
Feb 10, 2021 12:30 PM

COVID-19 Could Close 10,000 Retail Stores This Year: Study

The coronavirus pandemic continues to ravage the retail sector, with estimates showing 10,000 stores could close this year, up from the 8,741 stores that closed in 2020, according to Coresight Research, Bisnow reported Jan. 28. Closures this year could foist 138.5 million square feet of retail space onto the market. However, 3,500 to 4,000 new stores are expected to open this year.

 
Feb 10, 2021 12:30 PM

33 Attorneys General Oppose Class Action Suit Against Ocwen

A group of 33 state attorneys general filed a motion Feb. 2 against PHH Mortgage and its predecessor Ocwen Loan Servicing opposing the proposed settlement for a class action lawsuit that alleged the firm charged nearly 1 million borrowers unlawful servicing fees, HousingWire reported. The attorneys general claim the proposed settlement was carried out too quickly in light of the coronavirus pandemic.

 
Feb 10, 2021 12:30 PM

Cap Rates in Net-lease Big-box Sector Drop Year-over-Year: The Boulder Group

Cap rates in the single-tenant net-lease big-box sector dropped 25 basis points to 6.75% between fourth quarter 2019 and fourth quarter 2020, commercial real estate firm The Boulder Group reported Feb. 1 in its Net Lease Big Box report. The decrease was mainly the result of greater interest among investors in grocery and home improvement businesses.

 
Feb 03, 2021 12:30 PM

Biden: Government Had Role in Undervaluation of Property

The Biden administration on Jan. 26 released a memorandum to the Department of Housing and Urban Development acknowledging that federal, state and local governments systematically implemented racially discriminatory housing policies during the 20th century, and noted a persistent undervaluation of properties owned by families of color. The administration directed HUD to examine the effects of such policies.

 
Feb 03, 2021 12:30 PM

AI Offers White House Help on Fair Housing Issues

The Appraisal Institute on Jan. 27 sent a letter to President Biden expressing support for the administration’s actions to address the federal government’s history of housing discrimination. AI pledged assistance in addressing fair housing issues and outlined how it’s seeking solutions to appraisal equity, diversity and inclusion.

 
Feb 03, 2021 12:30 PM

Silicon Valley Office Market Bucks the Trend with Favorable Conditions, JLL Reports

As other major office markets contract, Silicon Valley thrives, with positive net absorption, stable rents and ongoing investor activity, according to real estate services firm JLL, WealthManagement reported Jan. 25. Buildings are selling for an average of $630 per square foot, led by newly built class-A products and older assets occupied by tenants with long-term leases.

 
 
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