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Tightening Up
FREDDIE MAC MADE SOME BIG changes to its underwriting standards in the first quarter, a trend many see continuing throughout the year.
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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.
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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.
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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.
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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.
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Business as Usual
When an investor needed cash quickly to buy Hinkston Pond Apartments, it turned to a Fannie Mae program.
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Nationwide
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.
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Any Port in a Storm
The top lenders aren't what they used to be.
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Capmark's Agency Surge
It's a good time to be one of the most prolific agency lenders in the nation.
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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.