Wednesday, June 06, 2012

Morning Real Estate Review


Silver Line faces yet another hurdle in confidence (Washington Post)  MWAA set for a vote today amid a chorus of complaints about union friendly details in the contract, affecting phase 2 of the metro line's construction.

Commercial mortgage delinquencies fall, CMBS defaults increase (Mortgage Bankers Assn)  Figures for the first quarter of 2012 indicate mixed signs for the economy and real estate.


FNMA gets new CEO (HousingWire) The exiting CEO's bonus structure was questioned in 2011 amid continuing questions about the organization's practices.  The new CEO was Bank of America's lead attorney.

Archstone begins work on 227-unit Arlington apartment building (Citybiz) The Lehman-owned developer breaks ground on new apartments at the corner of Glebe Road and Lee Highway.

Mortgage rates rise from historic interest rates (Mortgage News Daily) Rates tick up lightly for 2nd straight day, to about 3.75% for a 30-year fixed.

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