FREDDIE MAC MADE SOME BIG changes to its underwriting standards in the first quarter, a trend many see continuing throughout the year.
Obama Outlines Spending Plans
President Barack Obama has outlined a fiscal 2010 budget that provides more funding for federal housing programs, including $1 billion for the national Affordable Housing Trust Fund.
Tapping FHA Funds
The challenges of today's tight lending environment have forced low-income housing tax credit (LIHTC) developers to dig even deeper to make deals happen. Developers are challenged to fill funding gaps with resources that are still viable in today's market.
Meeting Multifamily Mortgage Needs
Though the current financial crisis originated in the single-family sector, as APARTMENT FINANCE TODAY readers well know, it has since spread to other sectors. Thus, there is a looming liquidity crisis that could seriously impair the apartment sector.
MBA Reports Dismal 4Q and Trouble Ahead
In two research reports released in February, the Mortgage Bankers Association (MBA) paints a sobering picture of the recent past and near future.
Business as Usual
When an investor needed cash quickly to buy Hinkston Pond Apartments, it turned to a Fannie Mae program.
Chicago— M&R Development has broken ground on Parc Huron, a 221-unit luxury high-rise in Chicago's River North neighborhood. The 21-story tower was originally planned as condominiums by developer Lennar Corp., but the company sold the site and plans to M&R last fall.
Any Port in a Storm
The top lenders aren't what they used to be.
Capmark's Agency Surge
It's a good time to be one of the most prolific agency lenders in the nation.
KeyBank Keeping On
The phrase “stabilized asset” will take on even greater importance in 2009, as lenders prioritize cash-flowing properties over those in transition.