The US Department of Housing and Urban Development will be implementing revised policies and procedures, as well as underwriting standards for mortgage insurance under the Federal Housing Administration’s (FHA) Multifamily Housing program. These changes, outlined in a “Mortgagee Letter” that was released July 6, 2010, will go into effect on September 6. The following are [...]
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The most visible changes recently rolled out by the Federal Housing Administration (FHA) address higher debt service and lower leverage levels on market-rate Sec. 221(d)(4) and Sec. 223(f) loans. But it’s not just underwriting that’s changing: The process of securing an FHA loan has also been tweaked. One of the biggest process changes is the [...]
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The Federal Housing Administration (FHA) recently unveiled sweeping changes to its multifamily programs, making it tougher on market-rate deals. As expected, the FHA tweaked underwriting standards for its new construction and refinancing programs, lowering leverage levels, upping debt service requirements, and increasing reserve requirements. The changes were initially announced at the MBA/CREF convention in February. [...]
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National and regional banks are slowly starting to provide construction debt again, but the next generation of balance-sheet loans will have a different flavor. While the Federal Housing Administration (FHA) remains the most prolific source of construction debt, national banks such as U.S. Bank, JPMorgan Chase, PNC, Wells Fargo, and Bank of America are dipping [...]
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While Summer is quickly coming to a close, the dangers of Heat Stress and Heat Stroke can remain with us well into September and October. Anyone working or spending time outdoors over the next couple of months should remain cognizant of the symptoms associated with these illnesses, and take personal precautions to avoid them. Individuals [...]
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See us in action on the MirAvanti Coopertative channel on YouTube.com. MirAvanti Cooperative at Ridgmar is a residential development offering active adults 62 and better an alternative to traditional home ownership. Located in the Ridgmar neighborhood and adjacent to Ridgmar Mall, the MirAvanti community provides the privacy and benefits of home ownership in a maintenance [...]
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HomeAid/Home Builders Care, the official charity of the HBA, has completed a $900,000 expansion project for The Family Place, Dallas’ largest organization serving victims of family violence. KWA Construction, L.P. served as Builder Captain for the project. Harben House, a facility with three three-bedroom and one four-bedroom transitional housing apartments and counseling offices, as well [...]
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While Summer is quickly coming to a close, the dangers of Heat Stress and Heat Stroke can remain with us well into September and October. Anyone working or spending time outdoors over the next couple of months should remain cognizant of the symptoms associated with these illnesses, and take personal precautions to avoid them.
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US Department of Housing and Urban Development Issues Changes
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Summing Up the FHA's Recent and Proposed Changes
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Keller Webster Participates in Muscular Dystrophy Association Executive Lock Up
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Edward Yost: Keller, My partner Rick Carrell mentioned that he...
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Bill Jensen: Thanks for the update. If we can help through the...
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realbench: Hopefully the changes will forster economic growth...
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cna training: Great information! I’ve been looking for something...
