Multifamily

Recipients can’t charge penalties for, or engage in, evictions solely for nonpayment, must provide a written notice of tenant rights, flexibility in repayment and, where applicable, 30-day vacate notices.

But late payments for all other investor types rose compared with the second quarter.

The center’s annual study shows the extent to which larger multi-unit properties are insulated from distress.

Gelt Financial looks to troubled sectors, including retail, for prospective deals.

The 2021 cap is still pretty high, historically speaking, but it’s down from the cap the Federal Housing Finance Agency put in place for a five-quarter period last year.

The ballot measure, which would allow local jurisdictions to expand rent control, had concerned mortgage companies who worried the law would result in a patchwork of different policies that could complicate underwriting and discourage lending.

And an uptick from second-quarter numbers is attributed to seasonality rather than any upswing in the economy.

Lenders pushed back against the notion that city dwellers' pandemic-driven flight to suburbia would hurt them. They say fewer landlords have sought deferrals as vacancy rates remain low and rent collections have stabilized.

The government-sponsored enterprise also saw a 22% increase in net worth from the second quarter.

Researchers are increasingly focused on the risks related to owner-occupied loans with low balances and low-income properties with a limited number of renters.

With the real estate market in desperate need for more housing stock, some industry leaders are pinning their hopes on governmental policies to make building more affordable. But how the two presidential candidates may approach these issues varies greatly.

A total of 34 states have offered coronavirus-related rental or mortgage assistance, much of which is funded by the CARES Act, according to the National Council of State Housing Agencies.

Providers, including investors in low-income housing tax credits, have become hesitant to make deals.

Three nonprofits look to create or preserve 10,000 units, vowing to fight off firms like Blackstone and Colony Capital, which bought up foreclosed homes after Great Recession.

If the tally included loans with some form of payment relief, the rate would be close to 8%.

Overall debt outstanding for delinquent commercial and multifamily mortgages cut down in September as more of the economy opens further with lodging and retail far behind, according to the Mortgage Bankers Association.

The government-sponsored enterprise's first multifamily sustainability bond transaction, totaling $600 million, is part of Freddie's K-Deal program.

Student housing and assisted/independent living centers were small portions of Freddie's multifamily securitizations prior to COVID, but Kroll noticed they've been missing in most rated deals since spring.

Approximately 75% of the quarter-to-quarter growth came from multifamily mortgage originations.

Gov. Andrew M. Cuomo on Monday announced he will extend the eviction moratorium — set to expire Oct. 1 — to next year, continuing protections for tenants as well as homeowners who have been unable to pay rent and mortgage during the public health crisis.