HUD Revises Section 223(f) Three-Year Policy

On Monday Assistant Secretary of Housing Brian Montgomery issued a Housing Notice and Mortgagee Letter revising HUD’s policy regarding Section 223(f) of the National Housing Act.

#CREF2020: MBA: Commercial/Multifamily Borrowing Hits New High to Close Out 2019

SAN DIEGO–A 7 percent increase in commercial and multifamily mortgage originations in the fourth quarter capped off a strong 2019 for the market, according to preliminary estimates from the Mortgage Bankers Association’s Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.

Commercial/Multifamily Briefs

Walker & Dunlop and GeoPhy launched Apprise, a new firm that will leverage technology and data science to improve the consistency, transparency and speed of multifamily appraisals.

Fed Holds Line on Benchmark Rates

The Federal Open Market Committee, anticipating no dramatic changes to the U.S. economy in the near future, concluded its two-day policy meeting last week with no action on key interest rates.