More stories about Accounting

• Signs of Life

  In a debt financing market flooded with capital, and after accounting scandals led to a sort of suspended animation at the government-sponsored enterprises (GSEs), many lenders say 2007 will be the year the agencies re-engage the market with a vengeance.

• Learning New Tricks

  As Fannie Mae begins to emerge from its accounting scandal and Freddie Mac reorganizes and refocuses its multifamily division, there’s a high-stakes poker game going on in the halls of Congress.

• Business

  Prepare your company for the end of the year; get paid faster with credit cards

• Investing in Real Estate

  You've got the skills, and financing is available. You just need to make the first move

• Capitol saves the paper

  Tax credit financial managers who need to send documents to every lender, lawyer and other party involved in a development already have their hands full doing the rest of their jobs. 

• Tax-saving trick: Cost segregation studies allow owners to pocket more cash

  Whether they choose to buy and hold properties or do renovations or new construction, multifamily owners and developers who retain ownership can benefit from a little-known secret and immediate tax savings, sometimes amounting to millions of dollars, by c

• GMACCH sold, renamed Capmark

  Detroit – GMAC Commercial Holding Corp. (GMACCH), which was recently acquired by an investor group, has changed its name to Capmark Financial Group, Inc. The name change is being made effective in the second quarter of this year.

• Tools of the trade Providers of apartment technology have been busy upgrading and extending their product offerings.

  The effort to spread high technology throughout the multifamily industry has led to a number of recent team-ups and acquisitions of companies as well as new products and services that seek to take advantage of the increasing use of the Internet as the bac

• Auditing issues worry LIHTC industry

  Work continues on solving one of the big issues facing the low-income housing tax credit (LIHTC) market this year: the possibility of more expensive accounting requirements.

• Housing authorities brace for new accountingrules

  Local housing authorities will have to keep individual budgets for each of their public housing properties starting in the 2007 fiscal year, as a result of new accounting rules imposed by the Department of Housing and Urban Development (HUD).