Multifamily Lending

How Do You Get Your Low-Ball Offer Accepted?

Today’s News Synopsis: Think you’re good at negotiations?  The Mortgage Bankers Association reported mortgage debt for commercial and multifamily increased $51.9 billion in the second quarter, or 1.5%.  iBuyers could be posing a threat to the MLS system. In The News: Mortgage Bankers Association – “Commercial/Multifamily Mortgage Debt Increased $51.9 Billion in the Second Quarter …

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New Owners, New Changes

Today’s News Synopsis: The heart-wrenching reality of revisiting you childhood home.  What are some things you can do to ease the burden of packing up and moving?  Which city’s real estate market is least likely to go down in the next recession? In The News: MarketWatch – “This city’s real estate market is the least likely …

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Let’s “Zip” On Over To Texas

Today’s News Synopsis: Hottest zip code where people are wanting to live is located in, of all places, Watauga, Texas.  The Mortgage Bankers Association reported an 8% increase in multifamily lending year-over-year.  Mortgage rates decreased this week with 30-year rates now at 3.88% and 15-year rates at 3.19%. In The News: Zillow – “Zillow Prize Ranks as …

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Claims of Unemployment Increased Last Week After Being At their Lowest in 40 Years

Today’s News Synopsis: Freddie reported mortgage rates are still at historical lows despite being at a four-month high.  Claims of unemployment increased last week for the first time since July after being at their lowest in 40 years.  Lending on multifamily homes was up 28% last year according to the Mortgage Bankers Association. In The …

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RealtyTrac Reported Decrease in Underwater Properties by 525,000

  Today’s News Synopsis: RealtyTrac reported a decrease in seriously underwater properties by 525,000 in the third quarter.  Freddie Mac reported a continual decrease in mortgage rates with 30-year rates at 3.79% and 15-year rates at 2.98%.  Existing-home sales increased 4.7% and now are at 5.55 million.   In The News: Realty Trac – “Number …

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Multifamily Lending Numbers Sets New Record for 2013 with 18% increase from 2012

Copyright: Image from www.flickr.com/photos/22318392@N04/     Sources: Study: 52 Percent of County Housing Markets ‘Better Off’ Than Two Years Ago Mortgage lending regulation compliance costs up 30% Commercial/Multifamily Mortgage Debt Outstanding Continues to Rise Mortgage Rates Tumble as 30-Year at 16-Month Low of 3.97% Survey Finds Consumer Spending Tight Despite Financial Security Social media giant to …

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