Lenders are still eager to make loans on apartment properties, and grew
their multifamily lending business again in the third quarter of 2014...
Then on May 3, the FHFA released two reports about Fannie and Freddie that sketch out what might happen if
their multifamily lending business were privatized and stripped of their government guarantees, which keep interest rates low for Fannie and Freddie multifamily loans.
Not exact matches
MBA Origination Council vets issues related to trends andmarket conditions affecting the
lending community andMBA's core constituency of mortgage bankers across commercial /
multifamily business lines.
GSEs»
multifamily business should not be treated the same way as its involvement in single - family
lending, says Tom Bozzuto, chairman and CEO of the Bozzuto Group, an apartment development and management company, based in Greenbelt, Md..
Included in the portion of the survey aimed at bank
lending to
businesses are questions about loans secured by
multifamily residential properties.
Although agencies represent about 75 to 80 percent of the
multifamily lending market nationally, the remaining 20 to 25 percent is still a significant piece of
business, notes Orso.
Down the road, we believe the agencies may introduce
lending authority allocations to
business lines (
multifamily market rent, seniors, affordable, manufactured housing, student, etc.), a common practice among private institutional lenders.