Employees

• General Liability Doesnt Cover Bad Workmanship, South Carolina Court Rules ~

   

• Pop Quiz: Q&A With Freddie Mac's Mike May

  Apartment Finance Today recently sat down with Freddie Mac's Mike May to get his perspective on the competitive landscape, both against chief rival Fannie Mae and the private sector, as well as the company's plans for 2011.

   
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  Use Excel to Budget Next Year's Project Mix (Subscriber content)

  Take some pain out of the yearly exercise of creating your jobs budget

   
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  Creating an OSHA-Compliant Safety Program for a Homebuilding Construction Site (Subscriber content)

  After a visit from OSHA, a design-build contractor learns how to do things by the book and profit from it.

   

• Lawsuit Claims LEED Certification Is False and Misleading

  Class action suit holds that the "green" project rating system is just a marketing gimmick that harms the interests of non-LEED building performance experts.

   

• Builder Liability for Defective Drywall Limited in LA

  State waranty law sets one-year limit.

   

• Out-of-Work Carpenter Denied Unemployment Benefits

  Advertising services isn't looking for work, officials say.

   
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  Temporary Fix

  THE PAST FEW YEARS haven't been great for apartment owners. Turns out corporate housing companies have had it just as bad.

   
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  Using the NAHB Chart of Accounts to Organize Your Business Finances (Subscriber content)

  Here's an effective way to organize and categorize expenses and job-cost data and compare the results with your forecasts.

   

• Michael Berman: CWCapital to Grow Platform, Enact 'Whole New Vision'

  In a wide-ranging interview, Michael Berman, president and CEO of CWCapital, discusses his company's acquisition by Fortress Investment Group, the state of the multifamily market, and his work in helping to shape our nation's future housing finance system as chairman-elect of the Mortgage Bankers...

   
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  How a Remodeler Survived the Housing Bust (Subscriber content)

  Unlearning bad habits picked up during the boom years is the first step to recovery.

   
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  Jacks of All Trades

  OVER THE PAST FEW YEARS, many multifamily CFOs added a new, albeit unfortunate, bullet point to their resumes: “loan workout specialist.” Some could probably also add: “crisis management expert.

   

• Capture Rate

  TO PARAPHRASE AN OLD QUESTION: If prospective residents call and nobody hears them, do they still make a sound?

   

• Multifamily Developers Make Moves to Round Out Their Business Models

  Throughout the recession, many multifamily builders diversified to survive, positioning themselves for long-term stability.

   
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  Strategic Budgeting and Your Break-Even Volume (Subscriber content)

  Take a look at your “break-even volume,” which is the bare-minimum volume of work that you need to complete (and get paid for) in order to keep your doors open.

   

• New Requirements May Mean Longer Wait for FHA Loans

  The FHA recently unveiled sweeping changes to its multifamily program, tweaking the underwriting standards on new construction and refinancing deals, while unveiling a slew of risk-management initiatives that may expand its already long transaction timeline.

   
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  Relaxed & Scrutinized

  A QUIRKY DYNAMIC IS AT play at the government-sponsored enterprises (GSEs)—borrower scrutiny is at an alltime high, even as credit conditions begin to loosen.

   
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  Pop Quiz: Q&A With Tom Gleason, Executive Director of MassHousing

  Tom Gleason has spent his career working in affordable housing lending and community development finance.

   

• Budgeting and Forecasting Software Gains Traction

  While changing a key business process can be disruptive, sometimes the cost of staying the same gets prohibitive.

   
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  The Long and Short of It

  THESE DAYS, THE SMALL-BALANCE loan marketplace seems to be divided into two types of executions: long-term loans from Fannie Mae and short-term loans from banks. And their terms couldn't be more different.