To Be Discussed Tomorrow....

  • The government-owned Fannie Mae and Freddie Mac are raising fees that have nearly doubled over the past four years, and it could trickle down to mortgages.  The raises will come on the "guarantee" fees that the companies charge banks and other lenders.  The fees ensure payments to investors buying Fannie Mae and Freddie Mac issuances when the underlying mortgages default.  The Wall Street Journal Developments blog has the details, HERE.
  • There are three myths about the housing market that the U.S. public doesn't get. We're headed in the wrong policy direction because of the persistence of the beliefs that the foreclosure crisis is over, deadbeats should be left alone to fail, and there is nothing more that the goverment can do.  Wrong, wrong and wrong, write Elyse Cherry, CEO of Boston Community Capital, a nonprofit community development financial institution, on Reuters' opinion page.
  • From earlier today, Steve Cuozzo in the New York Post reports that the U.S. Army Corp of Engineers, the U.S. Customs and Border Protection Agency, and the U.S. General Services Administration, will join Conde Nast and Beijing Vantone as tenants in the now-half-leased One World Trade Center in 2015.
  • In tomorrow's Post, Lois Weiss has data that says that high leasing rates masks unease with millions of square feet under development and entering the market, in "With a glut of new development, NYC is now a tenants’ market." Weiss also has a roundup report on the boom in condo and building sales, HERE. And--busy time for Weiss--she has story on the success of transferable development rights in the theater district, with a whole bunch of deals that have preserved historic theaters and sold the airspace, HERE.



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