CMBS Defaults Expected to Soar in 2009
Defaults on commercial mortgage-backed securities (CMBS) will triple this year to an all-time high, according to recent reports by Fitch Ratings and Standard and Poor's.
EAH Completes Difficult Deal
EAH Housing has closed one of the most complicated transactions in its long history to take over a large affordable seniors housing community in Napa, Calif.
Construction Loans for Affordable Housing Well-Priced but Elusive
While construction loans for affordable housing developments are well-priced, fewer deals pencil out these days, and underwriting standards continue to tighten.
Capmark Originates $1.5 Billion in Agency Loans in First-Half
Capmark Finance, Inc., originated 193 loans totaling more than $1.5 billion through its Fannie Mae, Freddie Mac, and Federal Housing Administration program in the first six months of the year.
GAO Releases Two HUD-Related Reports
The Department of Housing and Urban Development (HUD) is at the center of two new reports issued by the Government Accountability Office (GAO).
Two Organizations Win Wachovia NEXT Awards
Two of the nation’s top Community Development Financial Institutions (CDFIs) will be recognized with the 2009 Wachovia NEXT Awards for Opportunity Finance.
Feds Announce 650,000 Loan Modifications
The Treasury Department and the Department of Housing and Urban Development (HUD) announced that more than 650,000 loan modifications have taken place under the Making Home Affordable program.
Florida Bridges Loan Gap
Through a $10 million grant Florida Housing Finance Corp. (FHFC) received from the state last August, the department is putting the money to good use by initiating a preservation bridge loan program targeting nonprofit development organizations by providing loans for acquisition and predevelopment...
A Wave of FHA Loans on the Horizon
Freddie Mac and Fannie Mae have been saviors for the multifamily sector since the credit crisis began, but developers are increasingly turning to another agency lender.
MBA Reports Dismal 4Q for Multifamily Originations
In two separate research reports released this week, the Mortgage Bankers Association (MBA) paints a sobering picture of the recent past and immediate future.