Fannie Mae Introduces Healthy Housing Rewards Initiative for Affordable Multifamily Properties. Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for.
One57 foreclosure shatters price dreams at billionaires’ tower (Bloomberg) — When a full-floor penthouse at Manhattan’s One57 sold at a foreclosure auction, it didn’t just settle an international mortgage gone bad. The deal also set a new price standard for t.
Lending Fannie Mae wants affordable housing developers to focus on resident wellbeing GSE now offer loan discounts for certain multifamily properties
The next day the Fed announces the biggest interest rate reduction in more than two decades, temporarily halting the stock market’s slide. The benchmark rate is cut 75 basis points, to 3.5 percent..
Canadian home sales climb in July on Toronto gains Construction loan closing times drop after tech update: Ellie Mae Ellie Mae (NYSE:ELLI), the leading cloud-based platform provider for the mortgage finance industry, announced today that it has launched a new major release of its Encompass digital mortgage solution. The release of Encompass 18.2 will help lenders of all sizes originate more loans, lower origination costs and shorten the time to close with compliance, efficiency and quality.Amazon scraps plan to build a headquarters in New York City Ex-LendingQB exec asks court to dissolve tech vendor MeridianLink Ex-LendingQB exec asks court to dissolve dang, the co-founder and former president of LendingQB, is seeking a court to force MeridianLink, the loan origination system’s parent company, to dissolve.. Vendor management bryan yurcan march 13, 2017.Amazon has cancelled plans to bring its HQ2 headquarters to New York’s Long Island City, following a major backlash from local politicians. The retail giant revealed today that it will no longer.Wells Fargo cements DeVito’s role as head of home lending Our home builder executives will get a feel for the capital outlook from the perspective of one of their own–the full stack of options and alternatives, ranging from debt to equity, from project.Canadian realtors are predicting modest gains in the Toronto area re-sale housing market in 2019 – a return to a pre-bubble balance that will see home prices climbing in the low single digits. Royal.Higher home prices risk closing door on housing momentum Digital mortgage firm Qualia gets new round of funding Several digital mortgage startups have spent a great deal of time, money and resources pitching to investors to gain funding round after round. Over the last couple of years, all of the talk around digital mortgages has been about what the technology can do and how disruptive it will be.Higher home prices risk closing door on US housing momentum Fri, Aug 25, 2017 – 6:49 PM Purchases of previously owned houses unexpectedly fell in July to an 11-month low and sales of new homes were the weakest this year, reports showed this week.
In addition, multi-family loans carry a higher interest rate and fees than traditional, single-family loans. Qualifying for the loan might depend solely on the income the property generates. Or, for smaller buildings, you might be required to qualify on the merits of your personal credit history and score.
"Incorporating healthy design features in affordable multifamily properties can have a big impact on residents-from increasing physical activity and social interaction to reducing environmental triggers for asthma," said Jeffery Hayward, executive vice president of multifamily at Fannie Mae.
For these certified properties, Fannie Mae is now granting a 10 basis point reduction in the interest rate of a multifamily refinance, acquisition or supplemental mortgage loan. For example, if the market interest rate is 4 percent on the multifamily loan, the new rate is 3.9 percent with this pricing break.
loans. Evaluating the credit quality of multifamily properties is more complex than for single-family properties. Multifamily properties represent a commercial business, are comprised of many individual units, and the number of underwriting factors are numerous in comparison to those for underwriting of single-family mortgages.
Multifamily Real Estate News | MultiHousing News – Multi-Housing News provides the multifamily housing industry with news, information and analysis to help them run their real estate businesses more efficiently
Fannie Mae updates requirements for green building financing – · Fannie Mae has made revisions to its popular green financing program to improve the processing of green mortgage loans. The agency has issued a modified standard guidance form 4099 and 4099.H that updates the scope and format of the High Performance Building (HPB) Report, a requirement of Fannie Mae’s Green Rewards Program.
We are technically in recovery when a contracting economy gives way to growth. included — multifamily residential). Vacancies have risen, rents have fallen because of vacancies and renegotiations,
CMBS office loans could be tougher to pay off on time as supply grows CMBS office loans could be tougher to pay off on time as supply grows. "Our concerns include the large volume of new supply that will continue to weigh on occupancy and rent growth as well as large office tenants frequently opting not to renew their leases and relocating to a more.