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 [...]
Multifamily Market Commentary – January 2012 – Fannie Mae Continued Demand for Multifamily Expected in 2012 Multifamily Production Down from Previous Month, but Still Up Year-Over-Year – NAHB The Census Bureau’s preliminary estimate for starts in buildings with five or more apartments in December came in at 164,000 units Marcus & Millichap: Rental Market to Hit [...]
Freddie Mac to Launch Free Multifamily Investment Monitoring Tool … Jan 9, 2012 /PRNewswire/ — Freddie Mac (OTC: FMCC) later this month will launch a free database tool for investors and analysts to monitor its Multifamily K-Deal … Life Insurance Firms Look to Increase Lending While Maintaining Stringent Standards Jan 17, 2012/ National Real Estate Investor – Update on [...]
I often get asked by clients why the need to send me so much information just to get a quote on a loan. They want to tell me what they think the property is worth and think I should then be able to give them a firm quote. They tell me other mortgage brokers do [...]
If you have not already heard Fannie Mae is in the process of changing their loan documents. This is the first major rewrite of Fannie docs in about 10 years and this is a substantial change from previous documents, both in form and content. Since Fannie is one of the largest multifamily lenders and anyone financing a property is, or should be, getting a Fannie quote, you need to understand these changes.