Opinion Letters are like estoppel certificates issued by the borrower’s attorney regarding the borrowing entity and the loan documents. Borrowers may have an opportunity at the loan application stage to negotiate the reduction or elimination of an opinion letter and…
The Mortgage Bankers Association (MBA) has just released its First Quarter 2015 Commercial/Multifamily DataBook. Q1 of this year has been marked by continued signs of economic strength. Commercial real estate markets saw strong property sales and mortgage originations activity as…
Now that the Federal Finance Housing Agency (FHFA) has released their revised and expanded definition of “affordable” property, the agency lenders, Fannie Mae and Freddie Mac have received their sought after increase in lending capacity and a sharpened focus for…
California’s economy has maintained strong momentum through the first few months of 2015, even though the state continues to be affected by a whole host of challenges ranging from the unending drought to work stoppages at its major ports. The…
We like to provide our subscribers with “essential market insights.” According to Mortgage Bankers Association research,“Eight percent—$121 billion of $1.2 trillion—of outstanding commercial and multifamily mortgages held by non-bank lenders and investors will mature in 2015. This is a 32%…
The MBA released its first quarter 2015 commercial/multifamily delinquency rates report on Monday. The report shows performance of commercial and multifamily mortgages continues to improve. Mortgages held by life insurance companies, and held and guaranteed by Fannie Mae and Freddie…
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