Property Management News
Average fixed mortgage rates fell to new all-time record lows for the second consecutive week on mortgage securities purchases by the Federal Reserve and indicators of a weakening economy, according to the latest Freddie Mac Primary Mortgage Market Survey® (PMMS®). The Federal Reserve’s purchase of long-term fixed mortgage securities allowed the 15-year fixed-rate mortgage at 2.69 percent to fall below the 5-year ARM’s rate at 2.72 percent. The last time the average 15-year fixed was lower than the 5-year ARM was the week ending October 15, 2009. 30-year fixed-rate mortgage (FRM) averaged 3.36 percent with an average 0.6 point for the week ending October 4, 2012, down from... Read more
Fixed mortgage rates are holding steady this week, remaining near all-time lows, according to Freddie Mac’s latest Primary Mortgage Market Survey®. The average...
Freddie Mac is reporting that fixed mortgage rates declined or remained the same from the previous week amid mixed economic data, and continue to hover at an all-time...
A proposed bill may soon help speed up the approval process for homeowners selling their home through short sale by requiring subordinate lien holders to review and...
Despite lack of capital, survey finds 18 months of uninterrupted growth For the sixth quarter in a row, the apartment industry improved across all indexes in the...
HUD has finalized the rules proposed under RAD – the Rental Assistance Demonstration program. RAD allows public housing agencies and owners of certain at-risk, federally-assisted properties to convert their current assistance to long-term contracts. Such contracts will better allow owners to leverage millions of dollars in debt and equity to address immediate capital needs and preserve these affordable housing units. After extensive consultation over the past few years with key stakeholders, including public housing agencies, multifamily property owners, residents and the lending community, this innovative approach greatly enhances our ability to confront the decline of our public... Read more
Officials in San Bernardino, California are considering a proposal that would allow the government to leverage its eminent domain rights to relieve the foreclosure...
LeaderOne Financial Corporation, a Midwest mortgage banker, launched an aggressive outreach program in 25 states that is focused on helping the underserved real estate...
Walker & Dunlop, LLC, one of the leading commercial real estate finance companies with a primary focus on multifamily lending, announced that it recently provided a...
Clopton Capital, a secondary market commercial real estate lender which provides commercial mortgages for income producing properties nationwide, is now offering rates...
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