Non-GSE Lenders Start Gaining Traction
An interesting trend was buried toward the end of the Mortgage Bankers Association fourth quarter origination report.
CMBS Delinquencies Hit 9 Percent, and Rising
The CMBS delinquency rate for multifamily loans has reached nearly 9 percent and will likely soon balloon another 400 basis points.
Bridge Building: Debt for Transitional Assets is Coming Back
The bridge loan market is starting to heat up, as providers see more opportunity in lending to transitional assets and distress acquisitions.
N.D. Increases Income Limits for Loan Program
BISMARK, N.D.—The Industrial Commission of North Dakota has approved an increase in the income limits for the North Dakota Housing Finance Agency’s (NDHFA) FirstHome program.
Federal Home Loan Banks Award AHP Grants
The Federal Home Loan Bank of San Francisco recently awarded $32.5 million in Affordable Housing Program (AHP) grants while the FHLBank of New York awarded $29.7 million in funds
How Moody’s Will Evaluate HFA Ratings
The overall outlook for state housing finance agencies (HFAs) continues to be negative as challenging conditions persist, according to Moody’s Investors Services in a new report.
First Capital Magnet Funds Awarded
Twenty-three organizations will receive $80 million in grants to finance affordable housing under the new Capital Magnet Fund.
Tawa Looks Ahead as HUD Refocuses on Affordable
It’s been a busy 14 months for Chris Tawa, to say the least.
All Eyes Ahead
There was blood in the streets last year. More than 130 banks failed in 2009.
MULTIFAMILY BORROWERS looking for small loans have to look a little harder these days.