This Week’s Top Stories
Multifamily GSE Lending Reform: Potentially Disruptive and Inherently Valueless
“Borrowers would face higher borrowing costs and more variability in the price and availability of credit, with the greatest adverse impact likely to fall on low- and moderate-income families and renters in underserved markets. Some borrowers could lose access to credit altogether.”
Receiver Sets Liquidation Plan for $220 Million Multifamily Portfolio
The receiver for defendants Management Solutions Inc. and the multifamily assets of Wendell A. Jacobson, his son Allen and other related entities, has filed a liquidation plan proposing to break up the ill-famed 34-property multifamily portfolio strewn across the Midwest and Texasdeal.
Colony American Home Files IPO To Roll-Up Ownership of Single-Family Homes
Ambitious? How’s this: “We believe current market conditions present a unique opportunity to consolidate the ownership of single-family homes in the United States at distressed prices, rent them to tenants, manage and position the assets for revenue growth, stability and capital appreciation.”
Facility Closures & Downsizings: Job Cuts Plunge to Four-Month Low, But Not “Picture” Perfect
Also this week; Diebold cutting more staff; selling some facilities; Ecolab consolidating Champion Technologies’ operations; and The latest property availability leads.