Feds reverse flip tax lending ban
A proposed Federal Housing Finance Agency rule that would have barred lenders from giving mortgages on multifamily buildings with a flip tax has been defeated. A flip tax is a transfer fee paid to a...
View ArticleArbor funds $87.6M in multifamily refinancing
Arbor Commercial Mortgage has announced the recent funding of seven loans for multifamily housing complexes totaling more than $87.6 million.
View ArticleArbor funds $9.55M in Puerto Rico refinances
Uniondale-based Arbor Commercial Mortgage has funded $9.55 million in three FHA-insured refinancing loans for apartment complexes in Puerto Rico.
View ArticleArbor Commercial funds $49.6M for multifamily
Arbor Commercial Mortgage funded $49.6 million in FHA-insured multifamily loans for seven apartment complexes in Virginia, Michigan, Minnesota and Indiana.
View ArticleContinental Home Loans acquired by Freedom Mortgage
Continental will change its name to CHL Mortgage once the deal takes effect on November 1, according to sources.
View ArticleReal estate brokers seeing fewer first-time homebuyers
Saddled with student-loan debt, car payments and other monetary drains, many young adults are less anxious to take on the heavy financial burden of home ownership.
View ArticleOnce-troubled reverse mortgages poised for rebound
Analysts say they expect continued interest as the leading edge of 78 million baby boomers approach 70, the age when a person typically begins to consider a reverse mortgage.
View ArticleObama to reduce FHA mortgage premium rate to spur buying
Under the plan, the housing administration will reduce annual mortgage insurance premiums by 0.5 percent, to 0.85 percent.
View ArticleFBI arrests two Long Islanders in mortgage fraud
Two men from Oceanside were arrested by the FBI and charged Wednesday with 11 fraud-related counts for their alleged involvement in a mortgage-loan scheme.
View ArticleWind-damaged ‘I Love NY’ highway signs being re-installed
FHA previously called for the signs to be taken down permanently
View Article
