CRE

EF Hutton admitted in a court filing that it has defaulted under the terms of its contract with a real estate company and that the company has rightfully accelerated the debt.

First National Bank of Pennsylvania has filed a commercial mortgage foreclosure action against Conneaut Lake Park Volunteer Fire Department to collect more than $400,000 in outstanding loan debt, interest and penalties.

Presidential candidate Sen. Elizabeth Warren, D-Mass., and another Democratic senator are asking whether Kushner Cos. "may have received special treatment" on a U.S.-government-backed loan of about $800 million.

Commercial and multifamily mortgage debt outstanding continued rising, aided by low mortgage rates and the steady incline of property values, according to the Mortgage Bankers Association.

The large number of overleveraged commercial mortgage-backed securities loans coming due in 2019 is likely to cause the payoff rate to drop an additional 9 percentage points by December, a Morningstar report said.

Kushner Cos., the real estate firm owned by the family of President Donald Trump's son-in-law Jared Kushner, has received about $800 million in federally backed debt to buy apartments in Maryland and Virginia.

BB&T's acquisition of SunTrust may make the combined company more of a contender in regional metro-area commercial mortgage lending, according to data provider CrediFi.

Payoffs of maturing office loans in securitizations may be delayed more often in the next few years if increasing inventory constrains occupancy and rent growth, according to Morningstar.

A drop in property sales in San Francisco suggests a housing slowdown despite a booming economy, according to city Assessor-Recorder Carmen Chu.

Property valuation notices are going out, and most homeowners in metro Denver should see tamer increases than the big shocking ones that hit them this time in 2017, according to county assessors.