Fannie Mae Introduces Healthy Housing Rewards Initiative for Affordable Multifamily Properties May 24, 2017 WASHINGTON, DC – Fannie Mae announced its Healthy Housing Rewards initiative aimed at providing a financial incentive for borrowers who incorporate healthy design features for newly constructed or rehabilitated affordable multifamily.
Fannie Mae, Freddie Mac, and the Federal Housing Administration (FHA) want to make it easier, and more cost effective, for multifamily owners to go green.. Each of the three entities now touts lending programs designed to recognize green building measures by baking the advantages of conservation into their underwriting and all-in rates.
Fannie Mae DUS Multifamily Loan Program: The DUS platform is Fannie Mae’s standard multifamily loan program for loan size above $3 million – no maximum loan size. More individual and institutional investors turn to the Fannie Mae DUS platform to finance the multifamily class of assets than any other source.
HUD Loan Programs. The FHA 221(d)(4) loan, guaranteed by HUD is the multifamily industry’s highest-leverage, lowest-cost, non-recourse, fixed-rate loan available in the business. 221(d)(4) loans are fixed and fully amortizing for 40 years, not including the up-to-three-years, interest-only fixed-rate during construction.
Home equity alternative Point raises $122M in new funding Got Home equity? point raises .4 million To Grow Home Equity Loan Alternative. Wealth Advisor Staff Contributor. September 13, 2016. which-if it works-would be a new asset class. So far Point has invested in 50 homes in California and recently expanded to Washington. The venture money.
· Fannie Mae Is Persuading A Lot of Owners to Go Green The agency’s green lending program, which requires owners cut energy or water by 25%, is proving to be very popular.
Changing Building Design for a Changing Electrical grid electricity generation from wind and solar is poised to surpass fossil fuel generation in the next 30 years. You can future-proof the buildings you design today to save money and carbon later on.
Fannie Mae Introduces Healthy Housing Rewards Initiative for Affordable Multifamily Properties. Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for.
Healthy Housing rewards. healthy housing rewards demonstrates Fannie Mae’s long term commitment to affordable housing that supports a more healthy, stable and sustainable environment for renters, their families and the communities in which they live.
loans. Evaluating the credit quality of multifamily properties is more complex than for single-family properties. multifamily properties represent a commercial business, are comprised of many individual units, and the number of underwriting factors are numerous in comparison to those for underwriting of single-family mortgages.
Midwest Top Producers see first-time home buyers as key to success NEW YORK (CNNMoney.com) — New home sales soared in April as homebuyers rushed to claim the tax credit that expired at the end of the month. New home sales climbed 14.8% to a seasonally adjusted rate.Rising rates stifle mortgage application volume Meanwhile, rising rates caused mortgage applications to retreat again this week. According to the latest data from the Mortgage Bankers Association, the market composite index – a measure of total.Closing times match a low last seen pre-TRID 6 CONSUMER FINANCIAL PROTECTION BUREAU 7.8 What if a consumer pays more for a particular charge for a third-party service or recording fee than estimated, but the total charges paid are still within 10% of the estimate?