APARTMENT FINANCE TODAY

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From the Editor

Andre Shashaty, Editor
ashashaty@hanleywood.com

Stagflation and economic stimulus. If you have been around the block a few times, you might remember those terms from the 1970s and ’80s. Guess what? They’re back. Some financial analysts are now predicting that we can expect the perfect storm of slow or negative economic growth combined with rising costs. Of course costs have been rising for some time, but now we are talking about increases that are actually acknowledged by the government. Let’s hope it doesn’t lead to another relic of the early 1980s: sky-high interest rates. Meanwhile, keep your eyes on Washington just in case the politicians pass an economic stimulus measure that has something in it for housing.

BREAKING NEWS

Countrywide Draws Ire of Judges

More federal bankruptcy judges are calling into question the business practices of Countrywide Financial Corp., as Bank of America Corp. prepares to buy the ailing mortgage lender.
FULL ARTICLE

The Magazine

Special Focus: Capital Markets Outlook 2008

How badly has the ripple effect from billions of dollars in failed home mortgages roiled the capital markets? How long will tighter loan terms and higher loan pricing spreads last, and how will they affect multifamily property values?
FULL ARTICLE

Conduit Lending Falls Off the Table

The CMBS market must stabilize before conduits can make competitive spread quotes—and no one knows when that will happen.
FULL ARTICLE

Outperform the competition with Yardi Voyager™ Residential, the industry’s leading fully integrated multifamily asset and property management software suite. Attend a Webinar and find out more! Click here.

Mortgage Lending: FHA

As the capital crisis sends more business its way, can the FHA overcome its limitations?
FULL ARTICLE

Industry News

Dutch Pension Fund Commits to U.S. Multifamily Investments

Following its initial $100 million commitment last spring, Dutch pension fund PGGM will invest an additional $100 million in Behringer Harvard’s expanding portfolio of Class A apartment communities.
FULL ARTICLE

MBA Praises HUD Decision on MIP

The Mortgage Bankers Association lauded the Department of Housing and Urban Development’s decision to rescind a notice that would have increased the mortgage insurance premiums of a number of multifamily programs.
FULL ARTICLE

Freddie Mac May Be Downgraded by Moody's

Freddie Mac's financial strength rating may be cut by Moody's over concerns that the government-sponsored mortgage finance company will experience higher-than-expected credit losses.
FULL ARTICLE

New REIT Raising Up to $2 Billion

Hotelier Glade M. Knight has launched an effort to raise up to $2 billion in equity for a new real estate investment trust (REIT) that would invest in the apartment and hotel sectors.
FULL ARTICLE

APARTMENT FINANCE TODAY JANUARY 2008
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HOUSING FINANCE BLOG

Read about deals, subsidies, gossip, taxes, and sneaky fine print in the world of rental real estate, from the editors and writers of APARTMENT FINANCE TODAY here.

Contact

To reach APARTMENT FINANCE TODAY Executive Editor Christine Serlin, please e-mail cserlin@hanleywood.com

To reach APARTMENT FINANCE TODAY online editor Jaime Windon, e-mail jwindon@hanleywood.com

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