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Ken Bacon will soon retire from his post as Fannie Mae's highest-ranking multifamily executive, and will be replaced by Jeff Hayward, the company confirmed.
Home Financing Stays Tough
Five Hot Stories for 2012
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The FHA's notoriously long processing timelines are tough for tax credit developers to handle. But a new program looks to heal the agency's chief Achille's heel.
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Lost amid the public debate over what to do with Fannie and Freddie is the phenomenal performance of the GSEs' multifamily business lines.
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Fannie Mae and Freddie Mac are hoping to drive production of more seniors housing volume, a sector which has registered a slow but steady improvement in fundamentals.
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Affordable housing borrowers looking for permanent loans are finding more success using Fannie Mae's MBS than Freddie Mac's CME.
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Marie Head has been appointed deputy assistant secretary of multifamily housing programs at the Department of Housing and Urban Development (HUD) Tuesday, filling a post left vacant when Carol Galante became the acting Federal Housing Administration (FHA) commissioner in July.
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One of the longtime heads of Freddie Mac's multifamily division is bolting for the private sector.
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As Congress continues to mull housing finance reform, the multifamily industry has grown more visible in the debate.