The piece below from the News, Trends and People section of Apartment Finance Today explains that the apartment market is still stable today, despite limitations on availability of financing. So far, it states, there does not seem to be a significant impact on apartment rentals in most areas from the inventory of houses and condos that have come into the rental market. APARTMENT FINANCE TODAY – JULY/AUGUST 2008 The apartment market is showing signs of stability, although financing has become more difficult to secure, according to the National Multi Housing […]

Here is an opinion piece which suggests that most of the responsibility for the problems in the Commercial Mortgage Backed Securities (CMBS) market rest with bond speculators. It will probably be one of many opinions about this issue over the next few months. APARTMENT FINANCE TODAY • July/August 2008 BY BENDIX ANDERSON Apartment borrowers are still waiting. Conduit loans, everyone’s favorite highleverage financing, have been unavailable since the capital crisis began last fall. When will they come back? Experts now say it will be six months to a year. That’s […]

This article describes the new Fannae Mae refinance program designed to make it easier for borrowers in conduit loans with yield maintenance requirements to aquire a committment to refinance the existing loan and borrow additional funds prior to paying off the conduit loan. APARTMENT FINANCE TODAY • July/August 2008 Fannie Mae has finished developing Refi Plus, a portfolio retention tool that it plans to introduce by the end of 2008. The program allows borrowers to lock in rates for refinancing existing Fannie Mae loans up to two years in advance […]