Multifamily Loan

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Multifamily Loan

A loan secured by the receivables on mortgages on apartment buildings, condominiums, and/or other multifamily residential complexes.
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New York Community Bancorp produces multi-family loans on non-luxury, rent-regulated apartment buildings in New York City, New York, USA and is the parent of New York Community Bank.
is a leading producer of multi-family loans on non-luxury, rent-regulated apartment buildings in New York City, and the parent of New York Community Bank.
As of May 31, 2018, AHFC's combined loan portfolio consisted of 69% single-family loans and 14.9% multi-family loans. The insurance breakdown for the loan portfolio is as follows: FHA (7.9%), VA (5.2%), RD (4.2%), HUD (4.1%), PMI (24%), with the remaining 54.7% being uninsured.
While all property owners and investors can greatly benefit from benchmarking and efficiency building upgrades, this is a requirement for Fannie/Freddie multi-family loans.
Options are key to the loan programs, which range from single-family and multi-family loans to other programs in urban and rural areas.
The default rate for multi-family loans fell to 2.91 percent.
The delinquency rate for commercial and multifamily mortgages held in life insurance company portfolios was 7.23 percentage points lower than the series high of 7.37 percent, reached during the fourth quarter of 1993; the rate for multi-family loans held by Fannie Mae was 2.98 percentage points lower than the series high of 3.62 percent, reached during the fourth quarter of 1991; and the rate for multifamily loans held by Freddie Mac was 6.45 percentage points lower than the series high, 6.81 percent, reached in 1992.
Depository institutions, excluding their mortgage company affiliates, were the dominant source of home improvement and multi-family loans, with commercial banks providing most of the home improvement loans and savings associations providing the majority of multifamily loans.
-Total multi-family loans grew modestly this quarter compared to year-end and ended the first quarter at USD 30.0 billion, up 1% annualized.
The decrease in average interest-earning assets, which was the primary contributor to the decrease in net interest income during the quarter, resulted primarily from the sale of $101 million of performing multi-family loans over the past 18 months to maintain compliance with loan concentration guidelines set by the Bank's primary regulator.
has USD 48.8bn in assets and is a producer of multi-family loans on non-luxury, rent-regulated apartment buildings in New York City, and is the parent of New York Community Bank and New York Commercial Bank.
Multi-family loans completed in the last 60 days include a $22.5 million, adjustable rate mortgage to purchase a 79-unit multifamily property in Queens; A $17.5 million, adjustable rate mortgage to purchase a 65-unit multifamily property, also in Queens; $14.25 million, adjustable rate mortgage to refinance multifamily buildings comprising 60 units spread over various locations and $14.2 million, fixed rate mortgage to acquire a 43-unit multifamily building in Brooklyn, NY with 43 units.

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