Commercial Lending News     Click to continue . . .

  •   LOVE FUNDING’S NEW YORK OFFICE SECURES MORE THAN $3.5 MILLION IN FINANCING FOR FOUR MULTIFAMILY HOUSING COMPLEXES
Love Funding, a national mortgage-banking firm, today announced that its New York office secured more than $3.5 million in financing for four multifamily housing complexes located in Puerto Rico, Florida and Tennessee. Bill Jones, First Vice President with Love Funding’s New York office, originated the transactions.
Love Funding Corp.,Robyn Cunningham,New York NY  10/03/2008

  •   HFF secures construction/permanent financing for development of Silicon Valley Courtyard by Marriott Hotel
The San Diego office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it secured construction/permanent financing for the development of a 162-key Courtyard by Marriott Hotel in the Silicon Valley area of California.
HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,San Diego ca  09/30/2008

  •   HFF arranges loan bringing total financing to $100.72 million for third phase of Southern California multifamily community
The Orange County office of HFF (Holliday Fenoglio Fowler, L.P.) announced today that it secured $13.27 million in financing for the third phase of Homecoming at Terra Vista, a Class A multifamily community in Rancho Cucamonga, California. This phase includes 80 units that were completed in 2007.
HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,IRVINE ca  09/30/2008

  •   HFF arranges $90 million construction loan for Archstone Avenir in Boston
The Boston and Dallas offices of HFF (Holliday Fenoglio Fowler, L.P.) announced today that they arranged a $90 million construction loan for the development of Archstone Avenir, a 241-unit multifamily community in Boston, Massachusetts.
HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,Boston MA  09/04/2008

  •   Wachovia, Midland/PNC, Capmark and Wells Fargo Top Mid-Year Rankings of National Commercial/Multifamily Servicing Volumes
The Mortgage Bankers Association (MBA) today released its mid-year ranking of commercial and multifamily loan servicers as of the end of June 30, 2008. On top of the list of firms is Wachovia Securities with $434.3 billion in U.S. master and primary servicing, followed by Midland Loan Services/PNC Real Estate Finance with $273.8 billion, Capmark Financial Group, Inc. with $258.3 billion and Wells Fargo Bank with $179.5 billion.
Mortgage Bankers Association of America,John Ferber,Washington District of Columbia  09/04/2008

  •   $206.99 million in financing secured by HFF for national Class A multifamily portfolio
The Hartford office of HFF (Holliday Fenoglio Fowler, L.P.) announced today it secured first mortgage financing totaling $206.99 million for six Class A multifamily communities throughout the United States.
HFF (Holliday Fenoglio Fowler, L.P.),Laurie Fish McDowell,HARTFORD ct  08/28/2008

Interest Rate Markets News     Click to continue . . .

  •   Mortgage Applications Decrease In Latest MBA Weekly Survey
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending September 26, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 455.4, a decrease of 23.0 percent on a seasonally adjusted basis from 591.4 one week earlier. On an unadjusted basis, the Index decreased 23.4 percent compared with the previous week and was down 28.4 percent compared with the same week one year earlier.
Mortgage Bankers Association of America,John Ferber,Washington District of Columbia  10/03/2008

  •   Federal Conservatorship of Fannie Mae and Freddie Mac
Federal Conservatorship of Fannie Mae and Freddie Mac In the wake of the Federal Conservatorship of Fannie Mae and Freddie Mac, we at MIAC generally expect a `business as usual` environment. However,. there are nuances to the terms of the conservatorship that may produce micro-level changes, as well as some macro-level changes to the landscape of the industry in the near-term. While we await clarity on the implementation of these nuances, this Special Edition of MIAC Perspectives identifies a few areas for continued discussion, observation, and focus to determine what might happen, along with our recommendations for how mortgage bankers can best position themselves going forward...Read Article. For further information on MIAC, please visit www.MIACAnalytics.com.
Mortgage Industry Advisory Corp.,Dan Thomas,New York New York  09/11/2008

  •   Mortgage Applications Increase In Latest MBA Weekly Survey

Mortgage Bankers Association of America,Sarah Tinsley,Washington District of Columbia  09/03/2008

  •   FORMER HUD SECRETARY CISNEROS CITES HOUSING DECLINE AS UNPRECEDENTED DRAG ON US ECONOMY; CALLS FOR NEW STIMULUS PACKAGE WITH STRONG HOUSING MEASURES
FHLBank San Francisco DNC Forum Releases New Demographic Data on Sub-Prime Borrowers
The Federal Home Loan Bank of San Francisco,,Denver CO  08/28/2008

  •   Mortgage crisis: Blame the bank?
Banks have played a big role in the mortgage crisis, not only because they issued loans to suspect borrowers, but because many originated and sold bad loans to other lenders, says a University of Michigan business professor.
Bernie DeGroat,Purnanandam,Ann Arbor MI  08/28/2008

  •   Mortgage Applications Increase Slightly In Latest MBA Weekly Survey
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending August 22, 2008. The Market Composite Index, a measure of mortgage loan application volume, was 421.6, an increase of 0.5 percent on a seasonally adjusted basis from 419.3 one week earlier. On an unadjusted basis, the Index decreased 0.9 percent compared with the previous week and was down 31.2 percent compared with the same week one year earlier.
Mortgage Bankers Association of America,Sarah Tinsley,Washington District of Columbia  08/27/2008