Monday, May 19, 2014

A Senate committee approved legislation to replace Fannie Mae and Freddie Mac with a new mortgage market financed by private capital

 with a government backstop. The Housing Finance Reform and Taxpayer Protection Act was approved by the Senate Banking Committee by a 13-9 vote — likely too small of a margin to convince Senate Majority Leader Harry Reid, D-Nev., to disrupt the housing finance system, raise interest rates. leave small and rural markets without a secondary market by bringing the bill to the Senate floor for a vote.


Apartment Loans Commercial Mortgages Chicago, Nationally, Small Apartment Loans, FHA 223 F,FNMA DUS, FNMA Small Apartment Loan rates news

Saturday, May 17, 2014

REITs Worry More About CapEx - Daily News Article - GlobeSt.com

REITs Worry More About CapEx - Daily News Article - GlobeSt.com



REIT'S see Operating and Capital Expenses worries as cap rates hit lows and prices hit peaks  



While Smaller Markets sill not liquid



Apartments not as badly effected Commercial Loan Wizard

Wednesday, May 14, 2014

Double good News for owners and buyers A Major Lift for Fannie and Freddie and apartment interest rates fall sharply



Apartment loan Interest rates fall sharply this week
and the FHFA leader tries to calm housing and multifamily markets A Major Lift for Fannie and Freddie “Our overriding objective is to ensure that there is broad liquidity in the housing finance market and to do so in a way that is safe and sound,” Melvin L. Watt, the new head of the Federal Housing Finance Agency, said in a speech at the Brookings Institution in Washington.

Commercial Loan Wizard
 
Chicago-area commercial properties jumped in the first quarter to their highest level since 2008, fueled by rebounding rents and occupancies and a pickup in lending.

Investors plunked down more than $3 billion to acquire 192 apartment properties, retail centers, industrial buildings and hotels in the first quarter, up 59 percent from $1.9 billion in year-earlier period, according to New York-based research firm Real Capital Analytics Inc. It was the best first-quarter showing since the first three months of 2008, at the tail end of the last boom, when investors bought $3.9 billion in commercial real estate here.
Apartment Loans Commercial Mortgages Chicago, Nationally, Small Apartment Loans, FHA 223 F,FNMA DUS, FNMA Small Apartment Loan rates news