Multifamily

For 32 years, the Bay Area city of Sausalito has used strict zoning restrictions to protect its scrappy industrial waterfront, banning both housing and offices in the 225-acre Marinship district, which stretches for about a mile north of downtown.

The size of the decline depends on how bad the economy sinks and if the coronavirus spread is halted.

The government-sponsored enterprise reported net earnings of $2.55 billion, up from $461 million in the first quarter.

After receiving a third-party stamp of approval, Fannie Mae announced July 27 completing the latest two issuances of a single-family green mortgage backed security as part of an ongoing program that started in April and expands its long-time multi-family green MBS program.

Delinquencies have been ticking up since the start of the coronavirus pandemic and Capital One is warning of more pain unless the government provides additional relief to tenants and landlords.

The Federal Housing Finance Agency will extend the same GSE benchmarks of the past three years into 2021.

Congress should act in the next relief bill to provide the additional resources needed to build more affordable housing.

While the multifamily loan forbearance rate is lower than the most pessimistic projections, Pat Jackson says borrowers are hardly out of the woods yet.

Multifamily borrowers with loans from Fannie Mae and Freddie Mac will get an extended break for coronavirus-related hardships if they continue to give their tenants relief as well.

St. Louis officials approved using $5 million in federal tax credits to extend a loan to national low-income housing firm McCormack Baron Salazar, an unusual move the company said will help it weather the financial impact of the coronavirus pandemic.