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In South Florida, the Surest Way to Sell a Condo Is to Price It Above $1M – Commercial Observer

The number of seven-figure deals is starting to outpace the rest of the market, and developers are noticing, ....

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Fannie Mae clarifies ARM interest rate, ups cash-out refi term on manufactured homes

The February Selling Guide updates the GSE's qualifying ARM interest rate and adds 10 years to the cash-out refi term for manufactured homes. ....

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Hunter Creek Phase II 'unavailable' to Fannie Mae and Freddie Mac financing

The deed-restricted block of buildings at Hunter Creek Condominiums has been deemed “unavailable” to conventional loans, limiting financing options for potential buyers, in part because they are “in need of critical repairs.” Hunter Creek Condominiums. ....

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Closing Gifts, USDA, Non-QM, POS, VOI, Broker Shopping Products; Freddie/Fannie News; Training

Jordan Peele met his famous comedy partner Keegan-Michael Key around 2002 at Second City in Chicago, and eventually performed this classic routine that every air traveler should see. This morning I head to Chicago, and from there to the MMLA event in Mt. Pleasant, Michigan. Given my time with originators last week, the email traffic over the weekend, lenders are very concerned about overcapacity and therefore overhead. On a micro level, staff that may have been held onto “just in case” volume picked up are being reviewed. On a bigger scale, owners of lenders and vendors have seen their values decline and mergers and acquisitions are definitely a topic. The latest example of this is Denver’s Proprietary Capital announcing plans to buy 100 percent of New Jersey’s American Financial Resources (AFR); employees and counterparties were told Friday. And on a macro level, this week the economic calendar features fresh updates on inflation, with both the July Consume ....

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Fannie Mae, Freddie Mac update condo and co-op unit policies

Fannie Mae, Freddie Mac update condo and co-op unit policies
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