Multifamily Rate Update
An update on Multi-Family rates as of April 26 2012.
An update on Multi-Family rates as of April 26 2012.
As someone who spends most of his time on Freddie Mac and Fannie Mae multifamily loans I am always getting asked about the future of Freddie and Fannie’s multifamily business. Usually I tell people I don’t know what will happen, but that it won’t happen for a few years. Its Congress that must make the decision and until after the election nothing substantive will happen. Also, the housing crisis is still so bad that the government can’t realy do anything with the agency lenders now.
FHFA Rethinks Fannie and Freddie, Brain Drain Worries Intensify Globe St. 2/23/12 Improving debt market conditions point to favorable outlook for 2012 Midwest Real Estate Journal 2/24/12 The Myth of the Instant Multifamily Development Boom Globe St. 2/20/12 Fasten Your Seat Belts – 2012 promises to take multifamily’s drivers on one hell of a ride [...]
Last week I was at the Mortgage Bankers Association-Commercial Real Estate Forum, the big annual commercial real estate lenders conference. There was lots of discussion about loans coming due, larger life company allocations and the return (again) of CMBS. All of this was interesting but my biggest take away from CREF relates to the agency [...]
One of my new years resolutions was to again regularly blog on this web site about the current state of the multifamily lending business. This was the initial purpose of the site when I set it up in 2000. So far I have been a bit neglectful to this resolution. Hopefully, today’s post is the begining of my living [...]