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

FHA MORTGAGE INSURANCE NOW

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FOR HOSPITAL REFINANCE AND ACQUISITION Since the inception of the hospital insurance program it could only be used for new construction or substantial rehabilitation projects. HUD is now allowing the refinance program subject to the rules of 242/223(f). Please call … Read More

IMPORTANT HUD PROCESSING CHANGES

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During February meetings with HUD staff we learned that there is a real push to reduce processing times for multifamily loans. HUD is taking a hard look at staff and offices that produce more loans with less staff than those … Read More

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