Lenders' Insatiable Appetite for Commercial Real Estate
Multifamily Bonds Surging to Record as Commercial MBS Fade | by Sarah Mulholland
Bloomberg writes | Bonds backed by Fannie Mae and Freddie Mac tied to apartments soared to a record as the government-supported mortgage companies made low-cost loans on rental properties amid a continued slide in home values ... While delinquencies are low, abundant low-cost financing backed by the US government is inflating the values of apartment buildings and threatening to create a bubble, according to a March report by New York-based Chandan Economics.
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