The Federal Housing Administration is moving to rewrite property standards that it says have gone more than two decades without a comprehensive update, opening a potentially consequential change for FHA borrowers, lenders, appraisers and sellers. FHA on Sept. 22...
Michigan has approved a major state financing component for Arbor South, a planned $651 million mixed-use redevelopment in Ann Arbor that is expected to add 1,069 homes and transform more than 2.2 million square feet of property.The Michigan Strategic Fund board...
Freddie Mac Multifamily has closed a $284.1 million affordable-housing securitization using a revamped M-Deal structure that the company says is more consistent with its other multifamily capital-markets executions.The M074 transaction covers 3,008 units across 19...
USDA Rural Development has launched a 24-month pilot designed to make it easier to preserve and transfer federally supported rural rental properties, a policy change that reaches a portfolio of roughly 400,000 affordable apartments.The agency announced the Multifamily...
Mortgage demand weakened again last week as borrowing costs moved sharply higher, with the Mortgage Bankers Association’s benchmark 30-year fixed contract rate climbing above 7% to its highest level in more than two years. The MBA’s Weekly Mortgage Applications Survey...
Barings Buys $66.2 Million Orange County Retail Center as Grocery-Anchored …
