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

HUD Tries to reduce LEAN Processing Times:

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From HUD’s webmail: WE ARE REDUCING OUR UNDERWRITING QUEUES!!!! LENDERS CAN HELP We are quickly working our way through our underwriting queues, both in “prepping” projects while in our queues, and in the assignment of underwriters. As we move deeper … Read More

Big Developers Dabble in Apartment Market

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Wall Street Journal – By A.D. PRUITT And DAWN WOTAPKA Some of the leading U.S. developers of malls and office properties are moving into the apartment business, where demand for new projects is stronger than any other commercial-real-estate sector. Fueled … Read More

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