Category: Financing

How Agency Lending Is Bringing Stability to a Volatile Marketplace

PGIM’s Stephanie Wiggins weighs in on financing solutions that can bolster the affordable housing supply. Growing economic uncertainty has fueled concerns about affordable housing developers’ ability to finance new projects, but it has also brought increased attention to the undersupplied market. In an interview with Multi-Housing News, Stephanie Wiggins, managing director and head of production […]

Apartment Market Softens, Sales Put on Hold Amidst Rising Rates and Economic Uncertainty

Rising interest rates caused by the Federal Reserve’s ongoing efforts to combat inflation continue to impact the multifamily business. However, it is worth noting that the overall apartment market has begun to revert to pre-pandemic trends as rent growth is decreasing. Apartment market conditions weakened in the National Multifamily Housing Council (NMHC) Quarterly Survey of […]

How Banks Are Recalibrating Multifamily Lending Strategies

BHI’s Steven Caligor discusses the impact of the rising rate environment on underwriting. As interest rates continue to rise, multifamily investors have to be more creative to secure financing at palatable terms. To find out how much lenders have changed their approach to commercial real estate and which multifamily deals have the best chance of […]

Mortgage Lending Plummets Across U.S. in First Quarter Amid Sharp Drops in Purchase and Refinance Activity

IRVINE, Calif. – June 9, 2022 — ATTOM, a leading curator of real estate data nationwide for land and property data, today released its first-quarter 2022 U.S. Residential Property Mortgage Origination Report, which shows that 2.71 million mortgages secured by residential property (1 to 4 units) were originated in the first quarter of 2022 in […]


May Sees Least Affordable Housing Market in 16 Years While Existing Mortgage Holders Gain Record $1.2 Trillion in Tappable Equity in Q1 2022 U.S. home prices are up 42% since the start of the pandemic, with the average home having gained almost 9% in value just since the start of 2022 Though the annual rate […]

Homebuyers Can Save Over $15,000 in Five Years With an Adjustable-Rate Mortgage–But It Comes With Risks

That’s $260 per month for the typical homebuyer—the largest savings since at least 2015. As mortgage rates surge, demand for adjustable-rate mortgages is on the rise because they typically have lower interest rates than 30-year fixed loans. The typical homebuyer could save an estimated $15,582 over five years, or roughly $260 per month, by taking […]

Housing Market Update: Typical Buyer’s Monthly Payment Up 39%—The Biggest Annual Gain on Record

Home sellers and buyers are retreating at similar rates, resulting in a housing market that remains very competitive even as it slows. The typical homebuyer’s monthly mortgage payment shot up 39%, the largest year-over-year gain on record as the average 30-year-fixed rate hovered at a 12-year high of 5.1%. Redfin’s data on homebuyer mortgage payments […]

Commercial/Multifamily Lending to Hold Steady in 2022 Amidst Higher Rates and Economic Uncertainty

Total commercial and multifamily mortgage borrowing and lending is expected to hold steady at a projected $895 billion of total lending in 2022, roughly in line with 2021 totals ($891 billion). This is according to an updated forecast released today by the Mortgage Bankers Association (MBA). Multifamily lending alone (which is also included in the […]


Despite Rising Interest Rates, Annual Home Price Growth Hits All-Time High of 19.6% in February, Driving Affordability to Lowest Level in 15 Years According to the Black Knight HPI, home prices rose 1.84% in February – nearly four times the 25-year average for the month – and the 14th month of the pandemic to see […]

Freddie Mac Forecasts Continued Multifamily Growth in 2022

Loan originations could hit $500 million, according to the GSE’s forecast. Freddie Mac’s latest multifamily market forecast is projecting continued growth for 2022, albeit at a much more moderate pace than in 2021. The 2022 Multifamily Outlook report noted that demand for existing multifamily properties will remain strong, following the second and third quarters of […]

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