Home Financing Stays Tough
Rental applicant screening professionals stress a more hands-on and holistic approach to prospect approval.
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“Holy Grail” of apartment prospect screening moves closer to fruition as screening firms and data providers broaden data sets on renter payment history.
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Apartment Credit Screeners Considering Skip Alerts: Services that offer apartment owners a notification when residents apply elsewhere is being investigated by major applicant screening providers.
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Global information services company Experion recently acquired RentBureau, one of the nation's largest nuetral rental credit bureaus. The acquistion has many positive long-term prospects, including helping renters who are unscorable through traditional credit bureaus get their foot in the door to...
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Purchases made with small-business credit card will earn reward points redeemable for gift cards.
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For more than a year, apartment REITs have been tapping into the secured debt market from Freddie Mac and Fannie Mae. The reason: It was just too expensive for them to get unsecured debt after the credit crunch.
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On Aug. 27, ceremonial shovels hit the dirt at Lafitte Street in New Orleans, as the redevelopment of the Lafitte public housing complex got under way.
Faced with plummeting prices and an exodus of investors, the market for low-income housing tax credits (LIHTCs) is at a historic nadir.
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For more than a week, papers have been covering the problems of Orange County, Calif., apartment investor The Bethany Group. The company has accused its lenders of "starving" a 16-property portfolio by forcing employees, contractors, and utility bills to go unpaid.
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One of the most heavily levered companies in the apartment REIT sector got some relief earlier this week. Birmingham, Ala.-based Colonial Properties Trust announced that it has closed a $350 million secured credit facility originated by PNC ARCS, part of Pittsburgh-based PNC, for repurchase by...
Policy watchers task the Obama administration with rebuilding HUD, managing Fannie Mae and Freddie Mac, juicing up the low-income housing tax credit market, and addressing green building.
Multifamily operators prepare to navigate a sea of uncertainties in 2009.
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Joint venture partners Miami-based MDM Development Group and MetLife Insurance Co. put a big dent in the debt market crisis late last month, securing a $250 million construction loan for a multi-phase, $1.5 billion mixed-use development?Miami Metropolitan?in downtown Miami.
Atlanta
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City of Angels undertakes ambitous program.
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Residents of Jackson, Mich., initially accepted the news that the local National Guard would be vacating its 19-acre armory complex in the heart of the city with a bit of dismay.
A volatile investment market prompts a warning on pricing.