Items Tagged with 'multifamily loans'

ARTICLES

  • JLL buying HFF in $2 billion deal that will create multifamily real estate giant

    Two of the largest multifamily operators are joining forces
    In a deal that will combine two of the biggest names in multifamily and commercial real estate, Jones Lang LaSalle announced Tuesday that it is buying HFF for approximately $2 billion. Both JLL and HFF are consistently among the top lenders in the multifamily real estate space, with both companies placing in Freddie Mac’s top 10 lenders of 2018.
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  • New York man admits to playing key role in massive multifamily real estate scandal

    Scam defrauded M&T Bank, Berkadia Commercial Mortgage, others
    A New York man has admitted to taking part in a massive multifamily real estate scandal that harkens back to some of the darkest parts of the housing crisis, including fake residents, fake incomes, and inflated mortgages. The charges stem from an investigation that the Wall Street Journal previously called “one of the biggest mortgage-fraud probes since the financial crisis.”
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  • MBA: Commercial, multifamily mortgages continue performing historically well

    Delinquencies remain near historic lows
    It was basically the same song, different verse for commercial and multifamily mortgages at the end of 2018, with those mortgages continuing to perform at historic levels throughout the fourth quarter. According to newly released data from the MBA, delinquency rates on commercial and multifamily mortgages remained near historic lows during the fourth quarter, just as they did all year.
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  • Fannie Mae grew its multifamily portfolio by nearly $30 billion in 2018

    GSE made $2.2 billion off multifamily last year
    Unlike its GSE counterpart, Fannie Mae had a great year in multifamily in both production and its bottom line. Both Fannie Mae and Freddie Mac grew their multifamily portfolios by sizable margins in 2018, but Freddie Mac saw its net income from multifamily fall by $700 million. Fannie Mae, on the other hand, saw its net income from multifamily rise by approximately $1.3 billion.
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  • Community Preservation Corp. launches multifamily mortgage company

    CPC Mortgage Company will specialize in agency lending
    Community Preservation Corp., a nonprofit affordable housing and community revitalization finance company, is no stranger to multifamily lending, having originated nearly $500 million in agency loans in 2018 alone. But now, the company is spinning off its agency lending business and creating a standalone mortgage company.
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  • Multifamily mortgage originations jumped 32% in the fourth quarter

    Multifamily lending ends the year up from 2017
    Recently, the Mortgage Bankers Association predicted that multifamily lending was on track to set another record in 2018. And now that 2018 is over, we’re starting to get a look at just how good of a year it was. And just as expected, it appears that multifamily mortgage lending finished the year off on a strong note.
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  • Walker & Dunlop plots expansion in multifamily small loans

    Hires new VP and deputy chief underwriter
    Walker & Dunlop, which already ranks among Fannie Mae’s top five multifamily small loan lenders, is planning to grow its small loan business even more. According to Walker & Dunlop, both Fannie Mae and Freddie Mac have seen growth in recent years in their smaller loan programs, with loan volume rising 57.8% from 2016 to 2017. And W&D is planning to capitalize on that growth with its two new hires.
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  • Fannie Mae reveals the top multifamily lenders of 2018

    Which company tops Fannie Mae’s list?
    Earlier this month, Freddie Mac revealed the top 10 lenders that led its multifamily business in 2018. CBRE topped Freddie Mac’s list, with Berkadia and HFF coming in second and third, respectively. But what about the multifamily lenders that do business with Fannie Mae instead? Which lenders did the most business with Fannie Mae last year? Well, we’re glad you asked, because this week, Fannie Mae revealed its top 10 lenders of 2018.
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