Since the start of the year, a growing number of construction debt providers have become increasingly aggressive, driving leverage levels up and spreads down. More
The GSEs have brought in their spreads to offset the higher yield on the 10-year Treasury, keeping all-in rates below 5.5 percent. More
Borrowers may not realize that there are four hot-button issues that the Federal Housing Administration is using to assess new construction deals. More
Borrowers may not realize that there are four hot-button issues that the Federal Housing Administration is using to assess new construction deals. More
Access to debt and equity for affordable housing developments improved a little bit more each month this year. And that slow momentum is expected to continue, as interest rates on permanent debt remain low, access to construction debt slowly improves, and the New Issue Bond Program (NIBP) continues to fuel more bond transactions in 2011. More
Fannie Mae, Freddie Mac, and the Federal Housing Administration will prioritize preservation deals in 2011 to capture a wave of expiring Sec. 8 and tax-credit properties. More
Fannie Mae, Freddie Mac, and the Federal Housing Administration will prioritize preservation deals in 2011 to capture a wave of expiring Sec. 8 and tax-credit properties. More
Some of the FHA's multifamily programs haven't seen changes in more than 40 years. So, in announcing new leverage and debt service levels, the FHA took the opportunity to enact a slew of other changes, and propose a few more. More
Some of the FHA's multifamily programs haven't seen changes in more than 40 years. So, in announcing new leverage and debt service levels, the FHA took the opportunity to enact a slew of other changes, and propose a few more. More
The FHA recently unveiled sweeping changes to its multifamily program, tweaking the underwriting standards on new construction and refinancing deals, while unveiling a slew of risk-management initiatives that may expand its already long transaction timeline. More