The glossary of terms in commercial real estate (CRE) lending is packed with synonymous and unique terms not typically found outside the arena of commercial real estate lending, and often mis-used by practitioners within the industry, as well as those bumping up against CRE lending in their respective tangential industries, e.g., CRE real estate licensees, escrow...
Tag: #realestate
Post
TO REFINANCE OR NOT TO REFINANCE, THAT IS THE QUESTION
Perhaps a better question is HOW to refinance. This week the Fed (FOMC) stayed the course as advertised, raising their Fed Funds rate another 25 bps, their 8th ¼ point increase since late 2015. This takes Fed Funds to 2.00-2.25% range, and Prime to 5.25%. In their public announcement following the Wednesday meeting they reiterated...
Post
CRE LENDING NOT OVER-HEATED
The latest Senior Loan Officer Opinion Survey from the Federal Reserve offers good news for business in general, reporting that terms and conditions for loans have continued to ease. The commercial real estate (CRE) sector, though, received no such love. Banks kept commercial real estate lending standards about unchanged on balance, it said. It wrote:...
Post
Booming Economy Prompting Hawkish Fed Policy
June 13 the Fed raised its benchmark interest rate, the Fed Funds rate, by another ¼%. Two additional increases anticipated in Sept and Dec. The Fed’s overnight lending rate is now in a range of 1.75% to 2.00%. Citing stronger consumer spending, and a highly optimistic business community, the Fed laid out the potential for...
Post
COMMERCIAL LENDING UPDATE
The FOMC raised the target federal funds by 25 bps earlier this month to a range of 1.75-2.00 %, and projected a third and fourth rate hike later this year, read that to be Sept and Dec. This sending the prime rate to 5%, and jacking up variable rate loans by ¼ point. The Fed...
Post
COMMERCIAL LENDING UPDATE
Many experts have been more bullish in their approach to increases to the Federal Funds rate in 2018, forecasting a total of four rate hikes for the year. And after the administration passed tax reform at the end of last year, experts again forecasted an increase in the Federal Funds rate, saying it could cause...
Post
COMMERCIAL LENDING UPDATE
The yield on the 10-yr U.S. Treasury spiked to 3.03% two weeks ago (4-25-18), breaking a decade long downtrend. This highlights a major problem (or achieving a solution if you’re the Fed) – inflation is back. As Bloomberg noted that morning, something even more foreboding is the move in short term rates, up, which according...
Post
ADVANCED ISSUES IN PROBATE AND ESTATE PLANNING
John Rapasky and Mike Green of Counsel Mortgage sponsoring the Arizona State Bar Association seminar on Advanced Issues in Probate and Estate Planning. Speaking with lawyers regarding the pros and cons of reverse mortgages, residential and commercial financing. We offer a variety of products and services, ask us how we can assist you today: Counsel...
Post
AIME
I am in Irvine, California today attending the first mortgage workshop for AIME, the Association of Independent Mortgage Experts. This is a group of mortgage brokers from across the country who believe the mortgage broker provides the best value and options for the customer. There are over 600 attendees at the conference. I’ve met brokers...
Post
HAPPY HOLIDAYS
For those who celebrate, Happy Easter and Passover from Counsel Mortgage Group, LLC We offer a variety of products and services, ask us how we can assist you today: Counsel Mortgage Group®, LLC www.counselmortgage.com 480-502-1000 NMLS #178927 AZ MB #0909580 CA DBO #60DBO43873 Copyright © 2018 Counsel Mortgage Group®, LLC.