Real Insight. Real Estate.

Posts Tagged ‘Freddie Mac’

The Week of March 6-12

- Senator Dodd proposed that the Fed continue its oversight of the largest banks.

- The FDIC loan auction could mean trouble for still-healthy banks.

- Dubai World is seeking to restructure $26 billion worth of debt….good luck with that.

- Should the Fed be gradually decreasing its balance sheet? The EVP of the Fed Reserve Bank of New York thinks so.

- Creditors have offered nearly $4 billion in commitments to GGP.
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For the Week of February 27 - March 5

- Does a strong REIT recovery after its drop in January signal the ability for REITs to go on the offensive?

- Could a Beijing real estate bubble pose a threat to world markets?

- Apartment REITs may debate build vs. buy as demand grows in the near future.

- While many REIT managers say demand for their offices, stores and warehouses is on the rebound, data shows that the real draw for tenants is falling rents.

- Colonial Properties is selling up to $50M of stock. Read the rest of this entry »

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For the Week of February 20-26

- Should Fannie and Freddie be converted to non-profit, US-owned entities?

- Simon Property Group and General Growth Properties (two of yesterday’s post’s top earners) head to bankruptcy court in the $10 bil buyout deal.

- Can real estate investors bank on Hollywood’s staying power?

- John Klopp of Morgan Stanley sees debt investing as a significant opportunity going forward for investment banks.

- Does a 75% increase in sales volume in December over the prior month signal a true bottom in the market? Read the rest of this entry »

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- The Fed is looking to to calm the markets down after the discount rate increase.

- General Growth Properties bluntly turns down Simon Properties’ publicly announced $10 bil offer.

- 11 US banks that received TARP money posted a 13% increase in loan originations in December.

- Wells Fargo tops 2009 mortgage servicers ranking list.

- Kansas’ own “Fedstradamus” grimly predicts that rising deficits and maintaining interest rates at zero, may be our demise again.
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For the Week of February 6-12

- Will small U.S. banks have to start curtailing lending?

- Fannie and Freddie are set to purchase $200 billion in delinquent home loans.

- Multifamily REIT CEOs expect improvement in fundamentals in 2010 and a generally positive year.

- Mall landlords are expecting a much better 2010 according to WSJ online.

- An aquarium development deal in Times Square?
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The very insightful Annaly Salvos blog provide a interesting graph on the level of support the GSE’s have been providing the residential mortgage market via a all-out domination of the origination market. Just as we over-shot the natural level of home-ownership in the United States through misguided policies built up over centuries of well-intentioned programs, the GSE’s, and the Pols that back them find it hard to find a way to stop funding the market. After all, it is easy to argue they all own massive homes, and anything closely related to affordable housing is easy politics.

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Editors Note: This post is the first in a three day, three person opinion on the aftermath of the Stuyvesant Town/Peter Cooper Village deal going kaput. Today Dave Jacobs writes about its effect on the capital stack. Tomorrow Rich Weidel examines the effect on the CMBS market. Thursday, Dave Weinstein will explore the world of risk/reward. Stay tuned and enjoy!

So by now I’m sure you’ve heard about Tishman Speyer giving back the keys (deed -in-lieu of foreclosure) to its creditors on the Peter Cooper Village/Stuyvesant Town Apartment deal in Manhattan.  Once the largest price ever paid for a residential building in the world (a record $5.4 billion dollars in 2006) to original developer and seller MetLife Insurance, it is now the poster child for capital market chaos and rapid devaluation.  Rather than tell the sob story again, we’ve decided to look specifically at how this transaction was capitalized, and how it will soon be capitalized. Read the rest of this entry »

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Regardless of whether your political inclinations bear to the left or right, chances are that as an American you’ve become weary of government “bailouts.”  There’s something about the federal government meddling in free markets that is very “un-American.”  We scoff at the Chinese and call them “currency manipulators” when their government artificially holds down the value of the Yuan.  Both the Executive and Legislative branches of the U.S. Government have made requests to China to eliminate the peg.  But when we’re faced with similar circumstances in the U.S., do our officials step up to the plate and lobby for minimal government intervention?  No they don’t—And the best example right now is Fannie and Freddie.

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Fannie & Freddie could be Getting a New Lifeline

Does that mean big purchases are on the way?

Is there Hope for the Housing Market in the New Year?

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The Week of December 26-January 1

- Here, you can read about how CalPERS completely and massively screwed itself.

- PREIT led REITs in small cap gainers in 2009.

- Its the end of 2009…just how harsh are the predictions for CRE defaults going forward?

- Dollar General is planning 600 new stores for 2010.

- The Hong Kong waterfront is a hot spot for real estate…just not as hot as once thought.
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