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The GSEs posted huge numbers in 2011, with Fannie Mae's volume growing 44 percent and Freddie Mac's volume ratcheting up 32 percent. This year, they expect to grow some more.
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President Barack Obama has introduced a series of housing policy proposals aimed at fueling momentum for the economy. Good policy, or good politics? The issue for multifamily players is to play down externalities and strengthen their companies for any conditions, favorable or adverse.
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The Federal Housing Finance Agency recently debuted its Real Estate Owned Initiative, hoping to turn the nation's glut of foreclosed single-family houses into rentals.
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The FHA recently moved to speed up its processing times for multifamily borrowers, while at the same time it issued tougher underwriting standards for loans of more than $40 million.
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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.
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WASHINGTON, Jan. 24, 2012 /PRNewswire/ -- Fannie Mae (OTC Bulletin Board: FNMA) today announced that the company issued $7.2 billion multifamily MBS(1) in the fourth quarter of 2011, the highest quarterly issuance since Fannie Mae began reinvigorating its multifamily MBS business in 2009.
Home Financing Stays Tough
Five Hot Stories for 2012
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Last month, the apartment industry scored what the National Multi Housing Council terms a “significant victory” as a judge rejected a Justice Department (DOJ) request for summary judgment in a case filed against Dallas-based JPI Apartment Construction.
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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.
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While the demolition and rehabilitation of single-family homes gets a lot more attention than multifamily properties do under the Neighborhood Stabilization Program, Project Rebuild, the next generation of the program offered in President Obama’s jobs bill, provides an opportunity for nonprofit and...
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In the nation’s long-running dialogue about jobs and the economy, the housing industry, and specifically affordable and workforce multifamily, believes it has a strong case to make. The problem? They don’t feel like they’re doing a good job of getting their point across.
The super committee charged with finding $1.2 trillion in deficit cuts will make its recommendations by Thanksgiving, and several tax programs and provisions popular in the multifamily industry may be on the chopping block.
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CWCapital will soon open a low-income housing tax credit (LIHTC) syndication business, Affordable Housing Finance has learned.