Thursday, October 17, 2013
Apartment rates move down on good news the Government is open.FNMA and Freddy open since congress not involved :)
Bad news they went on vacation without re-authorizing FHA lending limit silly guys so no new FHA apartment and home loans resulting in slight downward pressure on home values and owner equity
Hopefully they will return from vacation refreshed and ready to get America back to bidness
Apartment Loan Rates Link
Apartment Balloon Loans Headline Animator
Our knowledgeable team has worked in the mortgage banking/investment banking industry for the past 24 years specializing in healthcare lending, multifamily housing, and FHA- and FNMA-insured loans. Throughout our careers, we have originated and/or underwritten in excess of $745,000,000 in mortgage loans with a focus on apartments, acute care hospitals, assisted living facilities, senior housing, and skilled nursing facilities. Previously our team has worked for several NY-based investment banking/mortgage banking firm specializing in conventional and government-assisted loans. Prior to KENDALL REALTY ADVISORS, Chuck has been president of a FHA mortgage company and a developer. Prior to forming KENDALL REALTY ADVISORS Scott has been a VP of origination for FHA and FNMA Lenders. He has extensive experience working on affordable housing as the Midwest Loan Officer for FNMA Multifamily Affordable Housing Products. We understand that the integrity of the loan officer for the loan quote and rate pricing can make a huge difference for FHA clients.