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Apartment Finance Today recently sat down with John Cannon to discuss why he came to Freddie, what the company hopes to achieve, and the servicing of loans in the CME program.
The federal REO Rental Initiative will cast more uncertainty over an already large shadow market.
Down is up, love is hate, and the GSEs spend more money to look like they're spending less. Welcome to the Age of Conservatorship.
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Heidi McKibben, a vice president in Fannie Mae's multifamily division, will leave the company in early April, the latest high-profile departure from the embattled GSE.
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In his 25-year career at Fannie Mae, Jeff Hayward has worn a lot of different hats, including director of quality control, senior mortgage-backed securities negotiator, and vice president of single-family risk management, to name a few. And his resume just added another title: executive vice...
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The federal agency charged with overseeing Fannie and Freddie has proposed a framework for housing finance reform and asks the GSEs' multifamily divisions to study how effective their businesses would be without a government guarantee.
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The federal REO Rental Initiative took its first step on Feb. 1 when the Federal Housing Finance Agency announced that investors could begin pre-qualifying for the upcoming bulk sales of real estate–owned (REO) properties belonging to Fannie Mae.
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Marie Head has had a busy three months at the helm of the FHA's multifamily division as she focuses on expediting the agency's notoriously slow delivery system.
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The GSEs posted huge numbers in 2011, with Fannie Mae's volume growing 44 percent and Freddie Mac's volume ratcheting up 32 percent. This year, they expect to grow some more.
President Barack Obama has introduced a series of housing policy proposals aimed at fueling momentum for the economy. Good policy, or good politics? The issue for multifamily players is to play down externalities and strengthen their companies for any conditions, favorable or adverse.
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The Federal Housing Finance Agency recently debuted its Real Estate Owned Initiative, hoping to turn the nation's glut of foreclosed single-family houses into rentals.
The FHA recently moved to speed up its processing times for multifamily borrowers, while at the same time it issued tougher underwriting standards for loans of more than $40 million.
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Ken Bacon will soon retire from his post as Fannie Mae's highest-ranking multifamily executive, and will be replaced by Jeff Hayward, the company confirmed.
Absent sudden surges in market valuation, home ownership typically generates zero real returns as an equity investment.
Home Financing Stays Tough
Five Hot Stories for 2012
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Last month, the apartment industry scored what the National Multi Housing Council terms a “significant victory” as a judge rejected a Justice Department (DOJ) request for summary judgment in a case filed against Dallas-based JPI Apartment Construction.
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The FHA's notoriously long processing timelines are tough for tax credit developers to handle. But a new program looks to heal the agency's chief Achille's heel.
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Lost amid the public debate over what to do with Fannie and Freddie is the phenomenal performance of the GSEs' multifamily business lines.
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Fannie Mae and Freddie Mac are hoping to drive production of more seniors housing volume, a sector which has registered a slow but steady improvement in fundamentals.