Search Results: Freddie Mac
Freddie Mac Closes $195M M-F Bulk Loan Sale
Freddie Mac has wrapped up its first multi-family bulk loan disposition, selling 27 performing mortgage loans with a total unpaid principal balance of $195 million.
Economy Watch: Pending Home Sales, Freddie Mac Delinquencies Down; U.S. Net Investment Position $4.4T Negative
The Pending Home Sales Index dropped in February. According to the Bureau of Economic Analysis, as of the fourth quarter of 2012, foreigners held about $4.4 trillion more in U.S. assets than U.S. interests owned overseas. And Freddie Mac delinquencies declined in February as well.
Cantor Commercial Snags Freddie Mac Veteran May for Lending Business
Cantor Commercial Real Estate has snagged former Freddie Mac multi-family exec Michael May as the newest member of its multi-family team.
Midland, Freddie Mac Achieve Advances in Online Automation
While servicers are using automation at a more advanced level than originators today, both ends of the business have eased processes through application of technology. CPE offers examples of successful applications.
Grandbridge Funds $72M Loan through Freddie Mac for Florida Multi-Family
Grandbridge Real Estate Capital just closed a $72 million Freddie Mac first-mortgage loan secured by Paradise Island, a 1,112-unit apartment property in Jacksonville, Fla.
Fannie Mae/Freddie Mac–Where Do We Go From Here?
Plenty of ideas on the future of mortgage lenders Fannie Mae and Freddie Mac emerged during a conference on housing finance hosted by the U.S. Department of the Treasury and the U.S. Department of Housing and Urban Development on Tuesday, August 17.
Freddie Mac Asks for More Federal Funds as Fate of GSEs Discussed in Washington
Freddie Mac’s request for $1.8 billion to sustain its reserves through the next quarter may have followed on sister Fannie Mae’s bid for its own fresh multibillion-dollar infusion, but in the scheme of things it amounts to barely a drop in the bailout bucket.
Originating Two $64M Loans, Capmark Keeps Freddie Mac Financing Coming
Beleaguered Freddie Mac is still making loans and Capmark Finance Inc., closing deal after deal, is actively paving the way for its clients to be on the receiving end of the funds. In separate transactions, the real estate loan servicer recently originated a total of approximately $63.9 million in permanent debt for two multi-family properties located in Philadelphia and Pembroke Pines, Fla. Acting on behalf of BR Penn Realty Owner L.P., Capmark secured $33 million for the refinancing of the 265-unit apartment community at 640 N. Broad St. (pictured) in Philadelphia. The ownership acquired the property, originally erected in 1913 as…
Freddie Mac’s New Chief Credit Officer Brings Strong Credentials to Tough Task
Freddie Mac today named Raymond G. Romano chief credit officer. Romano had been the company’s senior vice president of credit risk oversight since joining Freddie Mac in 2004 and in September also took the position of acting chief credit officer. Romano’s appointment follows a nationwide search to fill the position, which is responsible for credit risk management activities across the entire Freddie Mac enterprise. “Managing credit effectively is the cornerstone of this company, particularly in a turbulent economy,” Freddie Mac CEO David Moffett said in a prepared statement. “Ray has really demonstrated leadership at Freddie Mac, and I can think…
Freddie Mac Funds $50M for Pair of Alabama M-F Properties
The Dallas office of Holliday Fenoglio Fowler L.P. has secured a $50.78 million loan through Freddie Mac for the owners of two Alabama multi-family properties with a total of 792 units. HFF director Brian Carlton arranged the 10-year, fixed-rate loan on behalf of the borrower, The Greens at Tuscaloosa, a limited partnership, and Lindsey Management Co. Proceeds were used to retire construction financing for The Links at Tuscaloosa, a 408-unit community, and The Greens at Tuscaloosa, a 384-unit development. The properties, located at 1800 Links Boulevard in Tuscaloosa, Ala., were completed in 2007 and are about 97 percent leased. Despite…