Multifamily

BBVA Compass has made a $1.8 million investment in the Mile High Community Loan Fund to support affordable housing lending in four Colorado cities.

EagleBank has been approved as the 13th Ginnie Mae multifamily mortgage-backed securities issuer

Fannie Mae will give below-market-rate financing to multifamily borrowers who incorporate healthy design features in their newly constructed or rehabilitated buildings.

San Mateo County, Calif., officials opted to spend $43.75 million over the next two years to boost the number of housing units geared at working families.

Unexpected declines in new-home construction and building permits in April indicate the market is off to a weak start this quarter.

A pair of real estate developers told a Greater New Haven Chamber of Commerce audience that they regard New Haven, Conn., as one of the most attractive places in the nation in which to do business.

Firms that offer loans to small-time landlords have been slow to tap the securitization market.

Market rate developers would have to make 18% of rental units affordable to low- and moderate-income households under an ordinance the San Francisco Planning Commission approved.

The New York bank has rapidly expanded its commercial real estate lending over the last several years, but now it is ready to slow down a bit and add more commercial and industrial loans to the mix.

Rent increases have slowed across the metro area and have even fallen in some areas, according to the apartment industry association Multifamily NW.

The Birmingham, Ala., company's profit climbed 8% as higher market interest rates and investment securities balances offset lower average loan balances.

More renters are optimistic about their financial situations and expect to stay where they are even if their rents increased.

Commercial and multifamily mortgage bankers originated $490.6 billion closed loans in 2016, making it the third strongest year on record despite the pressure higher rates have put on volume.

The strongest pace of single-family homebuilding in nearly a decade drove residential housing starts to a four-month high in February.

Vacancies and rent-slashing have some banks worried that certain markets are overheating, but others say the decline in nonperforming loans is a sign the sector has never been healthier.