Items Tagged with 'multifamily originations'

ARTICLES

  • Multifamily borrowing surges 10% in Q2

    Jumps 29% from first quarter
    Mortgage originations in commercial and multifamily surged 10% annually in the second quarter, according to the Mortgage Banker Association. Not only did multifamily and commercial originations increase from the previous year, they also rose by 29% from the first quarter of 2019.
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  • Freddie Mac: It will be another banner year in multifamily

    Low rates will spur investments, drive up originations
    It looks like the multifamily sector is set to have another strong year thanks to a combination of factors that will fuel demand for rental housing. According to Freddie Mac’s midyear outlook, 2019 will see a robust rental market as the nation’s housing shortage, a strong labor market and low interest rates create a potent recipe for multifamily growth.
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  • 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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