Items Tagged with 'multifamily lending'

ARTICLES

  • New Penn Financial rolls out non-agency loans for condos

    Allows larger portion of commercial space, fewer pre-sale requirements, more
    New Penn Financial is expanding on its financing options for condominiums. The lender announced this week that it is rolling out non-agency loans for condos. The new loan product, called SmartCondo, is the newest loan in the lender’s SMART Series, a collection of non-agency loans that provide a variety of options for “highly qualified borrowers.”
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  • NXT Capital gets financial boost as ORIX completes acquisition of lender

    NXT’s real estate division funds multifamily, office, student housing, more
    NXT Capital, a lender that provides financing for the acquisition of multifamily, office, retail, industrial, hotel, student housing, and other corporate dealings, has more financial backing to grow its business now that it's under the umbrella of ORIX Corp. USA.
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  • Inside the scandal that could explode multifamily real estate

    WSJ reports on massive multifamily mortgage fraud investigation
    Everything is going swimmingly in multifamily real estate these days, right? Rents keep rising, construction is still chugging along, deals are being made, and delinquencies are still at historic lows. So everything’s good, right? Maybe not. It appears there could a deep, dark secret at the core of multifamily lending. Fake residents, fake incomes, and inflated mortgages. Sound familiar?
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  • Fannie Mae multifamily posts solid Q2

    Originations are up and delinquencies are low, but there is one bad mark on the scorecard
    Fannie Mae multifamily had a good quarter. Originations posted solid gains and the GSE's loans are performing exceptionally, but it took a major hit in one key metric. Read on to find out more.
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  • MBA: Commercial/multifamily outstanding debt posts largest Q1 increase since recession

    Commercial/multifamily debt is on the rise as each major investor class increases its holdings
    Outstanding commercial/multifamily mortgage debt just posted the largest first quarter increase since before the Great Recession, a report from the Mortgage Bankers Association shows. MBA Vice President of Commercial Real Estate Research Jamie Woodwell said that this is an encouraging sign that indicates a strong market.
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  • MBA, NMHC, others call on CFPB to change multifamily HMDA rules

    Want exemption from HMDA reporting for business-to-business loans
    The Mortgage Bankers Association, the National Multifamily Housing Council, and several other prominent trade groups are calling on the Consumer Financial Protection Bureau to change the Home Mortgage Disclosure Act rules for multifamily lending. The groups want the CFPB to completely exempt multifamily business-to-business lending from HMDA reporting requirements.
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  • Angel Oak grows commercial lending arm by acquiring Cherrywood Mortgage

    Cherrywood will offer wholesale small-balance commercial lending
    Back in April, Angel Oak, an investment management firm that focuses on mortgage credit and made its name providing residential mortgages that don’t fit into the Qualified Mortgage box, expanded into commercial and multifamily lending by launching Angel Oak Commercial Lending. Now, the company is about to grow that commercial lending arm.
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  • An inside look at HousingWire’s multifamily expansion

    Coverage focuses on lending and real estate trends impacting owners, builders, investors
    HousingWire announced its expansion into multifamily real estate and lending coverage in April. Today, CEO Clayton Collins leads an interview with Editor Ben Lane to dive deep into HousingWire's multifamily coverage model.
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  • The state of the multifamily market in three top 10 lists

    New York, Dallas-Fort Worth, and Los Angeles exhibit big-time lending and building activity
    The data on Q1 2018 keeps rolling in, and it can be a little overwhelming. Here is a round up of three top 10 lists that sum up what you need to know about the state of the national multifamily market by the numbers.
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