New business sank to the lowest level since last summer at the Federal Home Loan Mortgage Corp., and the book of business has fallen by more than $100 billion during the past year. While there was no change in the rate of residential delinquency, performance on apartment loans deteriorated. The McLean, Va.-based company reported that [...]
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GSE Multifamily Business Growing
April 20th, 2012
davidguide The volume of new financing for apartment properties has grown at both the Federal National Mortgage Association and the Federal Home Loan Mortgage Corp. First-quarter multifamily issuance at Fannie Mae was $7.1 billion. The secondary lender’s volume was 44 percent more than securitizations during the first-quarter 201 View full post on Mortgage Stories
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