Will Interest Rates Rise 2017 Summer and Fall?

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In making plans for the rest of 2017 everyone in the mortgage business expects some volatility with interest rates. We believe rate hikes are in the near future due to mounting terror attacks, home sale declines due to lacking supply … Read More

House Way and Means New Tax Proposals

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From the staff at the MBA (Mortgage Bankers Association)  Summary of Select Provisions in Chairman Camp’s Tax Proposal that Relate to Commercial/Multifamily and Residential Real Estate Finance  February 2014  Introduction On February 26, House Ways and Means Chairman David Camp (R-MI) … Read More

HUD Reorganization

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Many people have asked “What does the HUD multifamily reorganization mean and how will it affect processing?”. We believe that this reorganization was needed and will help improve processing times by streamlining and identifying deals that need to go to … Read More

How FHA Refi/Acquisition loans work

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Explanation Refinance/Acquisition – MAP Loans The FHA/HUD refinance/acquisition program is designed for apartments of more than 5 units. It is conventional financing. FHA insures our mortgages and this results in favorable terms and low rates. Subsidy requirements, affordable housing percentages, … Read More

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