Multifamily

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.

Economic strength bolstered the performance of loans included in commercial mortgage-backed securities with delinquencies improving for the seventh consecutive quarter, according to the Mortgage Bankers Association.

About half of the multifamily housing units built nationally that use the federal 4% Low Income Housing Tax Credit are financed with tax-exempt PABs.

Commercial and multifamily mortgage lenders need to figure out their plan for replacing the London interbank offered rate index potentially expiring at the end of 2021.

The exurbs were the only area that posted annual growth in new single-family home permits in the first quarter, highlighting an ongoing affordability battle for homebuyers and builders looking for land, according to the NAHB.

Activist investor Blue Lion, which has been waging a campaign for changes at HomeStreet Bank, is pressing the Seattle-based company to consider selling its Fannie Mae multifamily mortgage operations.

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.

Four real estate professionals could face up to 30 years in prison and hefty fines after being indicted on charges related to allegedly defrauding Fannie Mae, Freddie Mac and multifamily lenders.

Issuance of mortgage-backed securities increased and came close to matching 2018 levels in the latest month tracked by Ginnie Mae.