Items Tagged with 'multifamily originations'

ARTICLES

  • Hunt Real Estate Capital buys RealtyMogul's proprietary loan underwriting program

    Hunt plans to use software in its commercial real estate lending business
    Hunt Real Estate Capital, which offers financing for all types of commercial real estate, will soon have a new underwriting system to help it originate those loans, as the company is buying a proprietary loan underwriting system from RealtyMogul. Here's more on the deal.
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  • TIAA’s Nuveen Real Estate plots massive expansion in multifamily market

    Launches multifamily fund with $550 million in initial funding
    Nuveen Real Estate, a global real estate investment manager owned by TIAA, is planning a significant expansion of its multifamily real estate business in the U.S. Nuveen announced this week that it launching what it calls the “U.S. Cities Multifamily Fund,” a real estate investment vehicle that just closed on its first investment round, which raised $550 million to invest in multifamily real estate.
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  • Calabria to Senate: Don’t expect any changes to GSE multifamily business

    FHFA director nominee says GSEs’ multifamily business is healthy
    While Mark Calabria could very well enact some significant changes at Fannie Mae and Freddie Mac if he’s approved to serve as the next director of the Federal Housing Finance Agency, Calabria told a Senate panel this week that there likely won’t be any changes to the way that Fannie and Freddie operate in the multifamily space.
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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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