FHA proposed underwriting changes 1.2 DSC Market Rate Refinance or New Construction
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Saturday, February 20, 2010
Tuesday, February 16, 2010
Rival makes $10-billion offer for General Growth - Chicago Real Estate Daily
Rival makes $10-billion offer for General Growth - Chicago Real Estate Daily
Is this a sign that the bottom of CRE has been hit?
Is this a sign that the bottom of CRE has been hit?
Thursday, February 11, 2010
Multifamily REIT CEOs Upbeat On Apt. Prospects Despite Bleak Fundamentals - CoStar Group
The future of Apartment Rentals - Apartment Lender - Apartment Refinance
Multifamily REIT CEOs Upbeat On Apt. Prospects Despite Bleak Fundamentals - CoStar Group
Multifamily REIT CEOs Upbeat On Apt. Prospects Despite Bleak Fundamentals - CoStar Group
Wednesday, February 10, 2010
Chicago Commercial Mortgage Lender Rate and FHA Update
FHA may change underwriting to 1.20 DSC for 223(f) and and 221(d)(4).
FHA refinance rates are still below 5% plus MIP. FNMA small loan fixed 10 years no points about 6%.
Bank Lending Update:
A recent survey suggests banks are starting to lend again to commercial real estate developers and owners. Of the 60 banks surveyed at the MBA conference in Las Vegas earlier this month, 24 expect to lend $2 billion to $4 billion each in 2010 to the sector:
The recent fall in prices offers investors the opportunity to pick up quality assets at a substantial discount.
Many people in the field think that commercial real estate is going through its last stage of the crisis, which Moody’s estimates shaved 44% to 55% off 2007 prices.
We are seeing activity with strong borrowers buying bank owned real estate.
FHA refinance rates are still below 5% plus MIP. FNMA small loan fixed 10 years no points about 6%.
Bank Lending Update:
A recent survey suggests banks are starting to lend again to commercial real estate developers and owners. Of the 60 banks surveyed at the MBA conference in Las Vegas earlier this month, 24 expect to lend $2 billion to $4 billion each in 2010 to the sector:
The recent fall in prices offers investors the opportunity to pick up quality assets at a substantial discount.
Many people in the field think that commercial real estate is going through its last stage of the crisis, which Moody’s estimates shaved 44% to 55% off 2007 prices.
We are seeing activity with strong borrowers buying bank owned real estate.
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