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Michael Berman: CWCapital to Grow Platform, Enact 'Whole New Vision'
In a wide-ranging interview, Michael Berman, president and CEO of CWCapital, discusses his company's acquisition by Fortress Investment Group, the state of the multifamily market, and his work in helping to shape our nation's future housing finance system as chairman-elect of the Mortgage Bankers...
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Unlearning bad habits picked up during the boom years is the first step to recovery.
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Jacks of All Trades
OVER THE PAST FEW YEARS, many multifamily CFOs added a new, albeit unfortunate, bullet point to their resumes: “loan workout specialist.” Some could probably also add: “crisis management expert.
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Capture Rate
TO PARAPHRASE AN OLD QUESTION: If prospective residents call and nobody hears them, do they still make a sound?
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Multifamily Developers Make Moves to Round Out Their Business Models
Throughout the recession, many multifamily builders diversified to survive, positioning themselves for long-term stability.
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Take a look at your “break-even volume,” which is the bare-minimum volume of work that you need to complete (and get paid for) in order to keep your doors open.
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Relaxed & Scrutinized
A QUIRKY DYNAMIC IS AT play at the government-sponsored enterprises (GSEs)—borrower scrutiny is at an alltime high, even as credit conditions begin to loosen.
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Pop Quiz: Q&A With Tom Gleason, Executive Director of MassHousing
Tom Gleason has spent his career working in affordable housing lending and community development finance.
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Budgeting and Forecasting Software Gains Traction
While changing a key business process can be disruptive, sometimes the cost of staying the same gets prohibitive.
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The Long and Short of It
THESE DAYS, THE SMALL-BALANCE loan marketplace seems to be divided into two types of executions: long-term loans from Fannie Mae and short-term loans from banks. And their terms couldn't be more different.