financing for the multifamily market, supports affordable multifamily housing by providing financing for acquisition or refinance of individual properties or groups of properties. Furthermore, Fannie Mae provides this financing through a nationwide network of Delegated Underwriting and Servicing (DUS) lenders.
David J. Stern launches legal battle against nation’s biggest mortgage servicers Florida law firm to pay $2 million to settle foreclosure. – A Florida law firm agreed to pay $2 million in penalties to settle a state investigation into its foreclosure cases – the first such deal since the issue of fraudulent practices exploded last fall.
Multifamily capital provider Berkeley Point Capital recently provided $63 million in acquisition financing for three apartment communities on the northwest side of Houston. The move comes at a.
2 We expect the combination of Berkeley Point, a top five GSE multifamily. Estate Finance and Investment Business BGC has also completed the previously announced investment of $100 million in cash.
Bank REO down 18% from one year ago Ocwen unveils new principal reduction program principal reduction MODIFICATION . BACKGROUND. The Federal Housing Finance Agency (FHFA) undertook an extensive evaluation to determine whether to implement a Principal Reduction Modification program for seriously delinquent, underwater borrowers whose loans are owned or guaranteed by Fannie Mae or Freddie Mac (the Enterprises).That’s down from 7.3 percent of all sales one year ago. Another 6.1 percent of all May sales were bank-owned, down from 8 percent one year ago, the GLVAR reported. The average price of homes sold in.NAR’s Yun forecast for 2019 housing sales: New homes will drive market gains “The job market is weakening,” said Mark Zandi. The Federal Reserve last month cut its outlook for economic growth for the next two years and forecast no interest-rate hikes for 2019. The ADP data.
Berkeley Point Buys Oppenheimer’s FHA Unit Berkeley Point Capital, a rapidly growing agency lender owned by CCRE, has acquired Oppenheimer & Co.’s FHA-lending platform. With the transaction, which closed last week, Berkeley Point assumed 17 originators and underwriters, along with Oppenheimer’s pipeline of pending loans.
The facility, provided by Berkeley Point Capital of Bethesda, Md., is secured by 16 mid-rise multifamily. the fixed-rate classes provide an element of cost certainty to the partnership. Eastdil.
On July 21, 2016, Berkeley Point Capital, our auditee, entered into a mortgage servicing rights purchase and sale agreement with Oppenheimer Multifamily Housing and Healthcare Finance to assume the section 221(d)(4) loan for the Second and Delaware project. Berkeley Point Capital was a top five Federal National Mortgage Association and Federal Home
BAY CITY, Mich. – Berkeley Point Capital has provided an $8.9 million FHA 232/223(f) loan to refinance Sheffield Bay Assisted Living & Memory Care, a 66-unit seniors housing community in Bay City, approximately 100 miles north of Detroit.
The property types we cover include conventional and non-conventional multifamily properties, seniors housing, affordable, student and manufactured housing, hospitality, industrial, office, retail, and self-storage. california loans will be made or arranged pursuant to a finance lender license under the name of Berkeley Point Capital LLC.
Berkeley Point Capital is the preeminent source of capital solutions for multifamily owners and operators. With a nationwide presence and unparalleled expertise, Berkeley Point boasts a 30+ year history and a servicing portfolio of $58 billion representing in excess of 3,300 loans in 49 states.
Housing Prices Post Record Decline in Q2 United States housing bubble – Wikipedia – The United States housing bubble was a real estate bubble affecting over half of the U.S. states.Housing prices peaked in early 2006, started to decline in 2006 and 2007, and reached new lows in 2012. On December 30, 2008, the Case-Shiller home price index reported its largest price drop in its history.
Berkeley Point capital arranges financing for the Steadfast acquisitions; IPA brokers a $47 million sale in Los Angeles; and BMC Capital provides a $1.29 million cash-out refinance loan.