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The most visible changes recently rolled out by the Federal Housing Administration (FHA) address higher debt service and lower leverage levels on market-rate Sec. 221(d)(4) and Sec. 223(f) loans. But it’s not just underwriting that’s chan
Preservation will be the name of the game for affordable housing lenders next year.
It’s been a busy 14 months for Chris Tawa, to say the least.
First, search for replacement financing.
While the CMBS market continues to struggle with record-breaking delinquency rates, several conduit lenders are cautiously re-opening their shops.
An interesting trend was buried toward the end of the Mortgage Bankers Association fourth quarter origination report.
MULTIFAMILY BORROWERS looking for small loans have to look a little harder these days.
The Community Preservation Corp. (CPC), a nonprofit affordable housing lender for the New York City area, is finally getting rid of its spreadsheets.
While the market for new construction of tax-credit deals remains sluggish, some affordable housing lenders are finding success focusing on preservation deals.
For many affordable housing lenders, 2009 will be remembered as a year not worth remembering
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