Multifamily Loan

Multifamily Loan

A loan secured by the receivables on mortgages on apartment buildings, condominiums, and/or other multifamily residential complexes.
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It successfully completed a $280 million securitization of multifamily loans in December through a Freddie Mac sponsored "Q-deal" securitization ("Loan Securitization"); transaction represents first such multifamily loan securitization for a bank headquartered in the metropolitan New York City marketplace.
Another sign of the sector's good health: Commercial and multifamily loan delinquency rates continued their decline in the third quarter, the Mortgage Bankers Association (MBA) reported in December.
Another effect has been to reduce differences in loan terms across the spectrum of multifamily loan quality.
Legislation allowing FHA multifamily loan limits to be indexed to inflation is still on the table.
The new law also includes a 25 percent increase in FHA multifamily loan limits to spur development of affordable housing nationwide and increase financing for HUD Section 8 rental programs.
Although there have been prior Freddie Mac sponsored "Q-deals", this represents the first such multifamily loan securitization for a bank headquartered in the metropolitan New York City marketplace.
DUS Lenders delivered nearly 100 percent of Fannie Mae's 2014 multifamily loan acquisitions.
Improving cash flow and rising property values have benefited multifamily loan performance, the report said.
Freddie Mac and Fannie Mae, both stockholder-owned corporations chartered by Congress to create money flow to mortgage lenders, also increased the multifamily loan limits.
The 25 percent multifamily loan limit increase appropriated for the Federal Housing Administration (FHA) should spur building of thousands of apartment units and play a critical role in meeting America's housing needs, says the NAHB.
However, on July 20, a House-Senate conference committee deleted the $40 million credit subsidy, or loan loss reserve, for the FHA's multifamily loan insurance programs.
FANNIE MAE announced its top multifamily loan originators for 2010.

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