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MFE Pop Quiz: NMHC/NAA Senior Vice President of Government Affairs Cindy Chetti. In her first media interview since joining NMHC, Chetti shares her insider’s view on partisan balance, the future of the GSEs, and the growing need and acceptance of the multifamily industry in the formation of...
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If the FHA starts to officially enforce a little-used clause that requires a building to allow the transfer of units in order to stay on the list of FHA-approved buildings, condo developers worry that it could harm their ability to sell units.
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The Obama administration released its long-awaited proposal for the future of our nation's housing finance system last week. But the whitepaper is long on options and short on specifics, leaving many to wonder aloud how the multifamily finance industry will fare in its wake.
Robert Nielsen believes his past roles as teacher and coach will serve him well to move builders and regulators in the right direction.
A tort-reform attorney and U.S. congresswoman debate the need for this statute and whether it will spark legal challenges.
Continuing his push for innovation, the President outlines a focus on energy-efficient buildings.
Apartment Finance Today recently sat down with HUD's multifamily chief Carol Galante for a quick rundown of the future of the agency. One theme ran throughout the discussion: the FHA's appetite for market-rate deals is as large as ever.
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The biggest wedge issue in the debate over what to do with Fannie Mae and Freddie Mac is to what degree the federal government should be involved in the next generation of housing finance entities.
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The Federal Housing Administration is notorious for taking its time when processing loan applications. Adding to that timeline these days is the National Loan Committee (NLC), which reviews deals from regional offices before giving them the final seal of approval. Any new Sec. 221(d)(4) market-rate...
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Freddie Mac closed more than $15 billion in 2010—$3 billion in December alone—and would've closed more if not for the rising yield on the 10-year Treasury, which may hasten the need for more mezz loans this year.
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Last month's tax cut extension legislation (H.R. 4853), which extended the Bush-era tax cuts may have been controversial, but they brought some good news for the apartment and building industry, according to industry associations.
In 1995, a young U.S. Department of Housing and Urban Development (HUD) researcherapproached then-HUD Secretary Henry Cisneros to lay out an opportunity. The American economy was about to take off into an almost unprecedented economic expansion, and, with the tailwinds of this growth at its back...
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Apartment Finance Today recently sat down with Freddie Mac's Mike May to get his perspective on the competitive landscape, both against chief rival Fannie Mae and the private sector, as well as the company's plans for 2011.
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As all-in rates continue their sudden rise at Fannie Mae and Freddie Mac, the question on everybody's mind is if (or when) the GSEs will tighten their spreads.
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All-in rates on 10-year loans from the GSEs have risen 60 to 70 basis points in the past six weeks, which will likely have a big impact on cap rates, and the acquisition market in general, heading into 2011.
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Chris Tawa, a senior advisor in HUD's office of multifamily housing programs, looked back on the changes he's helped to enact while giving a preview of what borrowers can expect to see out of the FHA in 2011.
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A Republican majority in the House of Representatives would have a big impact on not only the content but also the timing of future housing finance legislation.
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For more than a year now, multifamily equity funds, owners, and brokers have complained about the “extend and pretend” policy in the banking industry that have allowed owners with troubled loans to keep their assets. Yesterday, at the 2010 ULI Fall Meeting, Shelia Bair, Sheila Bair, chairman of the...
Multifamily Executive Q&A: Terri Ludwig, President and CEO of Enterprise Community Partners